Resources & Articles

Year: 2016


Claiming GST/HST on Bad DebtsDecember 22nd, 2016

Canada Revenue Agency (CRA) is  challenging taxpayers regarding recovering the HST component of their bad debts.  The technical requirement to claim a bad debt write-off...
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Year-End Tax Planning 2016December 6th, 2016

December 31, 2016 is fast approaching…see below for a list of tax planning considerations. Tax Tips Include: Certain expenditures made by individuals by December 31, 2016...
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Current Trends in Automotive Dealership ValuesNovember 25th, 2016

Owners of automobile dealerships have seen an increase in the value of their business over the last five years.  This has been driven by many...
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Helping the Agribusiness Industry Flourish and Grow.November 11th, 2016

DJB takes great pride in providing quality advice to family owned and managed business and supporting the success of Agribusiness clients. We have a wide...
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Changes to Principal Residence Exemption ReportingNovember 2nd, 2016

On October 3, 2016, the Canada Revenue Agency announced changes to the reporting of the disposition of a property that is designated as a “principal...
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Non-Arm’s Length SuppliesOctober 28th, 2016

It is not uncommon for a supply to be made for nil consideration or for consideration that is lower than the fair market value of...
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Lost Pension Benefits in Economic Loss CalculationsOctober 21st, 2016

The loss of a company funded pension plan can often form a significant component of a person’s total loss of employment income, when performing economic...
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Late-filed Section 156 Elections and RevocationsSeptember 30th, 2016

As follow up to prior articles , in July of 2016, the Canada Revenue Agency (CRA) released  P-255, Late-filed Section 156 Elections and Revocations.   The...
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The Healthy Way to Hire the KidsSeptember 8th, 2016

Most businesses have accounting, computer and vacation policies. Why do so few have family employment policies? Making decisions about hiring younger relatives can be difficult....
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RC4617 – Simplified Reporting of Specified Housing SuppliesAugust 25th, 2016

Canada Revenue Agency (CRA) has been sending letters out to builders pertaining to the 2016 Federal budget, asking them to complete the RC4617 http://www.cra-arc.gc.ca/E/pbg/gf/rc4617/README.html. Making...
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