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
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 ...
The new income sprinkling rules: Part 1 – What has changed under the new TOSI legislation?
On December 13, 2017 the federal government released legislation with the intent to simplify the income sprinkling rules (referred to as the Tax On Split Income or TOSI) previously released ...
Dealing with Canadian real estate owned by a non-resident? Know the process to ensure you avoid costly errors
Non-resident individuals and corporations have recently invested in a high volume of Canadian real estate properties. Despite the high number of non-resident owners, many professionals in the real estate industry, ...
Financial opportunities abound in Canadian cannabis market
Cannabis, commonly known as marijuana, is currently legal to use for medical purposes in Canada. The upcoming legalisation of recreational cannabis in Canada has created global interest in the Canadian ...
Maximize your real estate investments in 2018: Our top 10 financial management tips
While 2017 saw a bit of a slump for residential properties in Canada, certain markets remained strong (Vancouver, for instance), while real estate investment properties across the country were largely ...
Canadians’ investment in U.S. real estate after tax reform
Amid sizzling real estate markets in places like Toronto and Vancouver that have driven prices North of the border sky high, Canadians have been looking South for opportunities to profit ...
Recent U.S. tax reform impacts Canadians doing business in the U.S.
The recent U.S. tax reform has provided Canadian-based multinational businesses some powerful incentives to shift production to the U.S. – lowered tax rates, particularly for U.S. exporters, and accelerated write ...
2018 Federal Budget Commentary
Income taxes and capital gains rates unchanged in 2018 Federal Budget Finance Minister Bill Morneau released his 2018 federal budget (the “Budget”) on February 27, 2018 (the “Budget Date”). The ...
Take advantage of CRA’s Current Voluntary Disclosure Program before the less taxpayer friendly “New VDP” kicks in March 1
Canadian taxpayers are often afraid of facing the Canada Revenue Agency (CRA). They might have knowingly submitted incorrect information on their tax returns, mistakenly left out income, or because of ...