Running a family business isn’t just about today—it’s about building something that lasts for generations. That’s where estate planning comes in. It’s not just about legal documents and tax strategies; ...
Selling a U.S. Property – Should One File a Form 8288 for a Deduction in U.S. Taxes?
Canadians who want to sell their vacation properties in the U.S. are surprised to discover that the IRS requires 15% withholding on the gross proceeds they will receive on the ...
Estate Planning During Major Milestones: What to Know When Remarrying
Ontario’s estate laws have significantly changed in the last few years, making it much more important to review your will after serious life events like a re-marriage or separation. While ...
Attention Snowbirds: Your U.S. Stay May Trigger Tax Obligations
For Canadian snowbirds who spend extended periods in the U.S., it’s important to be aware that your time south of the border could trigger U.S. tax filing requirements. Even if ...
How Canada’s New AMT Rules Could Impact Your Charitable Donations
For many Canadians, charitable giving isn’t just about taxes—it’s about making a difference. But recent changes to the Alternative Minimum Tax (AMT) might make generosity a little more complicated, especially ...
Are Tax Rate Differentials Giving Some NHL Teams an Edge?
Hockey is about skill, strategy, and teamwork—but in today’s NHL, tax policies might play a surprising role in shaping team success. Teams based in U.S. states with no state income ...
A Tax Break for all Canadians
In an effort to reduce Canadians’ tax burden during the holiday season, the Federal government announced on Thursday that the majority of expenses will be temporarily free from GST/HST from ...
Reducing your Tax Burden: A Guide to Interest Expense Deductions
If you’re borrowing funds to support business growth and or investment growth, you may be eligible to deduct interest on your business or property income under the Income Tax Act. ...
What does the Capital Gains Inclusion Rate Increase Look Like for You?
This year’s Federal budget marked the first increase to the Capital Gains inclusion rate since 2000, an announcement that many criticized as having significant consequences on both high income and ...