Yet another ism - Ageism

“Ageism is prejudice and discrimination based on age that often results from myths and stereotypes that do not reflect the reality of aging and older individuals. It prevents people from recognizing the valuable contributions of older individuals and limits the choices and opportunities for older individuals to actively participate in society.

Ageism can be expressed through hiring practices when employers may have a bias or even consciously give preference to the hiring of younger workers. Some employers may believe that older workers are less productive, have an increased risk of workplace accident or illness, or are more resistant to changes. Ageism can also be felt in the workplace through preferential treatment of younger workers or ageist remarks. Older workers can also perpetrate ageism through self-denigration.

In 2008, 15% of older displaced workers indicated that their largest barrier to re‑employment was an "age barrier" (Statistics Canada, 2008). Moreover, in 2012, a national survey found that 20% of seniors aged 66 years and older experienced age discrimination from an employer (Revera, 2012). Research suggests it is harder for older women than older men to find jobs.”

The above is a quote from the Government of Canada’s website. It advises us that ageism is a fact. We also need to peruse and understand the scope of senior abuse and senior harassment. Financial abuse, including fraud, is targeted at seniors. Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com

And Now ... We are Eight

When you own and operate a small business, sometimes there are not enough hours in a day. Eight years ago, I incorporated Trusha Desai Innovation Management Inc.

As a token of appreciation to past, current and future customers, I would like to offer a discount of 5% on all invoices (except those pertaining to subscriptions) from us to you, the customer for eight days from March 21st, 2022 to March 28th, 2022 (both inclusive).

Our professional services include: personal tax, corporate tax, payroll, bookkeeping, GST, PST.

Please reach out to us in order to avail of this limited time offer. Certain restrictions may apply. #TrushaDesai.com

Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com

Dividends Don't Divide

If you are among the fortunate who hold a basket of well-diversified dividend-yielding shares, you will check out the dividend yield, the ex-dividend date and the dividend payment date. A bank stock will vie with other banks in order to raise dividends as permissible. A health stock like Moderna is re-investing its earnings, focusing on R&D and would like the investor to tag along and ride out the pandemic.

If you are a shareholder-business owner, you could take a salary if you are not investing your hard-earned savings and time into your business. Or else, you do have the option of giving yourself a T5 and issuing dividends at some point during the year. The difference between a pay cheque and dividends being you are deferring tax. For what you don’t pay upfront, you do pay when you file your tax return.

Therefore, while on the one hand you garner dividend tax credits or pay dividend withholding tax, on the other, you defer-defer-defer. And hopefully you have socked away some of those dividends in a savings account so you can pay off that tax bill. So, don’t head to the airport … yet.

Please reach out for your professional bookkeeping, payroll, management consulting, capital gains, personal and corporate tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com