Virtus Insights

Select Luxury Items Tax in Saskatchewan
Select Luxury Items Tax (SLT) implications
The Government of Canada has introduced a luxury tax on the sale or importation of certain vehicles and aircraft priced above $100,000 and certain vessels priced above $250,000. On August 10, 2021, the Department of Finance Canada (Finance Canada) published a background paper on the design of the proposed luxury tax for public consultation. On...
Increasing a nonprofit’s impact through operational efficiency
(authored by RSM CANADA) Nonprofit organizations often have lean operational budgets. But a nonprofit that struggles with its operations will soon find itself with limited mission impact as well.
Canadian snowbirds tax implications
Tax considerations for Canadian snowbirds
(authored by RSM CANADA) Canadian residents travelling to the United States for extended stays should carefully plan travel to avoid unintended Canadian and U.S. income tax consequences.
What you need to know about transitioning the farm
Are you thinking of transitioning your farm from one owner or generation to the next? Ideally, you want to think ahead so you’ll feel prepared and proactive, rather than feel like you’re just responding to challenges as they arise. Succession planning is a helpful tool to help you plan for the successful transfer of ownership,...
7 ways to boost your business strategy
7 ways to develop your business strategy
How can you help your business take advantage of opportunities? Do you have a strategic plan in place to support business growth? How do you develop a business strategy to help you reach your growth goals? Here are seven tips for boosting your business strategy to position you for growth. Click here to download a...
Ransomware-as-a-service: A new business model for cybercriminals
(authored by RSM CANADA) Ransomware-as-a-Service (RaaS) is a new business model for cybercriminals, making cyberattacks easier than ever.
Ransomware: Protecting your business against evolving risks
(authored by RSM CANADA) Ransomware attacks are increasing and threatening organizations of all sizes. The RSM cybersecurity report reveals new ransomware data.
Canada’s unemployment rate falls
(authored by RSM CANADA) Canada added 15,000 jobs in April and the unemployment rate fell slightly to 5.2% as the job market remained heated, according to data released by Statistics…
5 key business issues restaurants are facing
(authored by RSM CANADA) Business issues and challenges for restaurants range from maintaining agile business operations to addressing a tight labor market.
2022 Canada Federal Budget: Detailed commentary
(authored by RSM CANADA) The budget is based on three pillars: (i) investing in people by increasing the housing supply and establishing affordable child care, (ii) facilitating a transition to a green economy to fight climate change, and (iii) incentivizing and supporting Canadian production and innovation.