Have you ever thought about using Airbnb for extra income? Since Airbnb launched in 2009, it has become a dominating player in the hospitality industry, offering those seeking overnight stays ...
So you closed a big real estate deal – now what?
So you finally closed that big real estate deal and are left with significant funds in your corporation. You have now moved onto to evaluating various investment options, looking at ...
Landmark case changes the game for purchasers of real estate property in Canada
As discussed in an earlier blog post, Dealing with Canadian real estate owned by a non-resident? Know the process to ensure you avoid costly errors, when one purchases a real ...
The ins and outs of income tax when using cryptocurrencies
Cryptocurrencies has developed into a sizzling topic over the last 2 years. Trending digital currencies such as Bitcoin and Ethereum have increased in value resulting in significant market capitalization, transactional ...
Estate freezes: key to business owners’ estate planning to reduce or defer capital gains tax
Estate freezes have been the cornerstone of estate planning for business owners for as long as capital gains tax has existed in Canada, dating back to 1972. The main driver ...
GILTI or Not GILTI: A guide for U.S. expatriates living in Canada
First, expatriate U.S. citizens who owned a direct or indirect interest in a Canadian corporation had to deal with an unfair transition tax on the amount of earnings and profits ...
Do you own a U.S. enterprise? You may be required to complete the BE-12 benchmark survey by May 31, 2018
A U.S. business enterprise includes any organization, association, branch, or venture which exists for profit making purposes or to otherwise secure economic advantage, and any ownership of any real estate ...
The new income sprinkling rules: Part 3 – The third, fourth and fifth exceptions from the TOSI rules
In parts one and two of this series, we looked at the main changes to the legislation, as well as the first two exceptions from the TOSI rules. In part ...
The new income sprinkling rules: Part 2 – The first and second exceptions from the TOSI rules
New legislation regarding the use of income sprinkling rules came into effect on January 1, 2018. Referred to as the “Tax on Split Income”, or “TOSI”, the intention of the ...