As a follow up to ‘A tax trap in estate law mediation’, David Posner, Partner and Charles Wagner of Wagner Sidlofsky LLP discuss how your estate may have to pay ...
Selling real estate? The tax treatment may not be what you think
Many Canadian taxpayers believe the sale of real estate typically receives a more favorable tax rate than other types of income. This is not always the case, however, and selling ...
Pending real estate incorporating laws may save realtors tax dollars
Historically, real estate agents operating in Ontario have not been permitted to incorporate, because the Real Estate and Business Brokers Act to which they are subject, prohibits them from incorporating their ...
News Alert: Oct 18 and 19 updates on the taxation of owner-managed businesses
On October 3rd, 2017, we reported on Part 4: The Conversion of Income into Capital Gains, providing two examples of how double taxation could arise, should this proposed legislation be ...
How will my business be affected by the new taxation of owner-managed business? Update: Federal Government Tax changes announced October 16, 2017
Federal Government New Taxation Changes Announced October 16th, 2017 In our recent 4-part series, we took an in-depth look at how the Department of Finance’s proposed legislative changes could affect ...
How will my business be affected by the new taxation of owner-managed business? Part 4: The conversion of income into capital gains
In the previous three parts of our series, we looked at several ways in which the Department of Finance’s proposed legislation could negatively affect Canadian business owners with new taxation ...
How will my business be affected by the new taxation of owner-managed business? Part 3: The ECGD
Last week, we reported on how the Department of Finance’s draft legislation proposes to change the process of Income Splitting. Today, in Part 3 of our 4-Part series, we’ll look ...
How will my business be affected by the new taxation of owner-managed business? Part 2: Income splitting
Yesterday, we took a look at how the draft legislation recently released by the Department of Finance would affect taxation of passive investments. Today, in Part 2 of our 4-Part ...
How will my business be affected by the new taxation of owner-managed business? Part 1: Passive investment
There has been a lot of buzz in the media lately about the draft legislation released by the Department of Finance on July 18, 2017. It’s our belief that if ...