Resources & Articles

Year: 2018


ACTIVE BUSINESS VS. PROPERTY INCOME: Music RoyaltiesDecember 13th, 2018

A private corporation’s income from a specified investment business (SIB) is not eligible for the active business tax rates (varying from 10% to 31%, depending...
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Work in Process (WIP) Valuation StrategiesNovember 29th, 2018

In many industries – and especially in construction – the method by which a company chooses to value its work in process and consequently recognize...
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RETAINING EMPLOYMENT INSURANCE (EI) BENEFITS: Starting Part-Time WorkNovember 27th, 2018

As of August 12, 2018, the “Working While on Claim” program became a permanent part of the EI system. Prior to the program, an individual...
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Meet the Lead of Our Professionals Sector Services: Andrew JubenvilleNovember 23rd, 2018

Andrew currently works out of DJB’s Hamilton office where he provides accounting, assurance, taxation, and consulting services to a variety of owner-operated businesses and not-for-profit...
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How Does GST/HST Apply When Purchasing a Business?November 22nd, 2018

When you are purchasing a business in a share deal, the GST/HST implications can be fairly straight forward, in that the purchase of shares of...
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What’s the “Skinny” on “Skinny Voting Shares”?November 20th, 2018

The valuation of skinny voting shares has recently become a topic of discussion among valuation professionals. First off, what are skinny voting shares? The most...
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What Does the ‘Wayfair’ Decision Really Mean?November 15th, 2018

Background On June 21, 2018, the U.S. Supreme Court concluded on one of the most important state tax cases of the last 25 years in Wayfair...
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TAX ON SPLIT INCOME (TOSI): Can I Take a Salary Instead of a Dividend?November 8th, 2018

Dividends received by individuals from private corporations as of January 1, 2018 may be subject to taxation at top marginal tax rates (due to the...
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Bill 47 – What Does this Mean for Ontario Business?October 29th, 2018

What does this mean for Ontario business? On October 23, the Government of Ontario announced Bill 47, Making Ontario Open for Business Act. This Act includes...
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Navigating Through a GST/HST AuditOctober 18th, 2018

With over 2.5 million GST/HST registrants, the Canada Revenue Agency (CRA) has the monumental task of trying to administer this tax.  While trying to police...
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