Virtus Insights

Farm Record Keeping
Strategic Record-Keeping Drives Farm Profitability
If you’re a producer in Saskatchewan, you’re already aware of the significant capital requirements to keep your operation running smoothly. Things like land, equipment, crop inputs, fuel and operating loans add up quickly. Two farms can be nearly identical operationally, yet still have vastly different financial outcomes. They may run similar acres, grow similar crops...
Saskatchewan Home Renovation Tax Credit
2025 Saskatchewan Home Renovation Tax Credit
The home renovation tax credit is available for Saskatchewan residents making renovations to their principal residence in 2025. Renovation expenses incurred between October 1, 2024 and December 31, 2025 may qualify for the credit. The non‑refundable 10.5% credit applies to eligible home renovation expenses exceeding $1,000 and is capped at $5,000 of claimable expenses, resulting...
Saskatchewan legislature building
2026-27 Saskatchewan Provincial Budget Commentary
The Saskatchewan government released its 2026–27 provincial budget on March 18, 2026. As expected, the budget focuses on stability, with no new taxes and no major service cuts, reflecting ongoing economic uncertainty. Below is a breakdown of the key tax changes, business incentives, and economic outlook, and what they mean for individuals and businesses in...
Farm Benchmarking - Virtus Group LLP
Farm Benchmarking: Using Data Insights to Strengthen Operational Performance
Producers across Saskatchewan and the prairies have been operating in an environment of progressively tighter margins, rising input costs and increased capital requirements. While most producers know tend to “know their numbers”, many still struggle to tell whether their costs are in line with competitors or quietly holding them back. In that context, understanding how...
Cyber Risks and Data Breaches: 2026 Guide for Canadian Businesses
Businesses across the globe face sophisticated cyber threats and data breaches that are becoming more costly. This article walks through key risks and practical strategies for Canadian businesses.
2024 CPP & EI Contributions - Virtus Group LLP
2026 CPP & EI Rates Updates
On October 30, 2025, the Government of Canada announced contribution rates, maximums and exemptions for both Canada Pension Plan (CPP) and Employment Insurance (EI) for the 2026 calendar year. The changes in how CPP is treated on a personal tax return (which began in 2019) mean that of the $3,519.45 of normal max contribution, $711.00...
Canadian Federal Budget Commentary 2025 | Virtus Group
2025-2026 Canadian Federal Budget Highlights and Analysis
Finance Minister Francois-Philippe Champagne released the 2025 Canadian Federal Budget on November 4th. This Budget was remarkable for a few different reasons – the fall timing has been announced as the new “norm” after traditionally being released in the spring (considered not practical earlier this year with the April 28th election that resulted in our...
ecord Keeping Best Practices - Virtus Group LLP
Record Keeping & Strong Month-End Close: Best Practices for Canadian Businesses
As a business leader, you rely on financial data to make decisions that impact your organization every day.  Yet keeping your records organized and dependable can be an uphill battle, especially if you have a small, inexperienced team. If this sounds like your business, you’re certainly not alone. 43% of small-to-medium size business owners in...
Cybersecurity: The Financial Implications of a Weak Environment
NOTE: This article was written for and first appeared in the June 2025 issue of The Advocate, produced by the Saskatchewan Trial Lawyers Association Cybersecurity is a broad topic that encompasses both opportunities and risks for companies. Technology and tools are continuously evolving in both sophistication and complexity. A company’s ability to protect its systems, networks, programs...
Cash vs. Accrual Accounting: What Farmers Need to Know
When it comes to managing your farm’s finances, choosing the right accounting method can make a big difference. Although taxes are filed on a cash basis for farms, it is important to have accrual financials or at a minimum, understand your accrual position.  Whether you’re producing crops, raising livestock, or both, understanding the benefits and...