Insights
A Tax Break for all Canadians: Get the Update here
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 ...
Insights
Family cottages: what to consider before transferring your property to the next generation
With the arrival of cottage season in Canada, cottage owners often inquire about the transfer of the family cottage to the next generation. More than any other family asset, ownership ...
Zeifmans can help you navigate through the weeds
Legal sales of cannabis in Canada are expected to reach $6.5 billion per annum by 2020. As this industry reaches new heights, there is ample opportunity for both entrepreneurs, investors ...
Zeifmans Quarterly 3 – Examining top considerations for non-residents selling a Canadian property
Zeifmans Quarterly 3 is back for a second round, and we are examining top considerations for non-residents selling a Canadian property. Join our partners Ahmad Aslam and David Posner, where they ...
Succession planning and tax planning: two of a kind
Small business owners have a lot on their plates. A smaller team means in many cases that the owners have to wear multiple hats, playing several different roles at once. ...
Israel becomes major global medical cannabis player after green lighting cannabis exports
After several years of deliberation, last month Israel approved the export of medical cannabis cultivated within its borders. The Israeli Knesset unanimously gave the green light to the law[1], which ...
AI accounting – exploring the future of Artificial Intelligence
By now, you’ve likely heard the buzz about Artificial Intelligence (AI) and the profound impact it’s predicted to make on just about every industry across the globe. In the one-year ...
Increased compliance burden for US expatriates who own CFCs
The IRS has released new forms required for US citizens who own foreign (e.g. Canadian) corporations which are treated as Controlled Foreign Corporations (CFCs) for US tax purposes. The penalties ...
Are you thinking of selling your family farm?
According to 2016 Census of Agriculture, there are 193,492 farms operating in Canada. While the total number of farm operators is declining, the average age of a Canadian farmer is increasing, with ...
2019 Federal Budget Commentary
Finance Minister Bill Morneau released his 2019 Federal Budget on March 19, 2019. The Budget forecasts a deficit of $14.9 billion for the 2018-2019 fiscal year, but is expected to ...