Canada’s newest Underused Housing Tax (UHT) was enacted last summer, meaning some residential property owners (i.e., those not considered “excluded owners”) are expected to file a UHT return and pay ...
TFSAs for U.S. citizens: might be worthwhile with some caveats
Since the Tax-Free Savings Account (TFSA) was introduced in 2009, it has been used by Canadians to earn investment income on a tax-free basis. Many U.S. citizens, however, have shied ...
Exploring Section 1031 Rollover in US Real Estate for Canadians
With current low capitalization rates in the Canadian real estate market, many Canadians are looking south of the border to the United States for higher returns on their real estate ...
2022 federal budget focuses on housing market; spending lower than expected
Finance Minister Chrystia Freeland presented the 2022 Federal Budget to a divided House of Commons on April 7, 2022. The Liberal and NDP parties have recently agreed to a confidence ...
Preparing for the 2022 tax season
The Canadian government has moved quickly to offer economic relief and adjust tax regulations to benefit businesses and workers hit by economic challenges. To help you get up to speed, ...
Proposed legislation introduced to reform cannabis taxation in the US
On July 14, 2021, Senate Majority Leader Chuck Schumer released a discussion draft of a detailed cannabis reform bill which, if enacted, would restore the deductibility of all expenses related ...
The Biden Tax Plan: Where it stands
There has been a lot of talk in the recent news about the Biden tax plan moving forward in Congress. However, there is no need for panic (yet!), as the ...
2022: Time For A New Beginning Webinar
Zeifmans presents, 2022: Time For A New Beginning, webinar featuring Dr. Peter Andersen and special guest, Mark Andersen, Managing Director of Slalom. Together they discuss the following: Inflation will not ...
How Bill C-208 will ease the tax burden on family business
Family business is the backbone of the Canadian economy. When a family business is passed down to the next generation, we see so many positive ripple effects in the economy: ...