Resources & Articles
Year: 2019
TRUSTS FOR DISABLED BENEFICIARIES: Good News!
One common planning technique for disabled individuals involves the use of a trust under which the trustees possess ultimate discretion over any distributions to be...
Read More >
Meet the Lead of Our Manufacturing & Distribution Sector Services: Gary Kornya
Gary is the acting Chair of the Firm’s Executive Committee. In this role, he helps to set and shape the strategic direction of the Firm, along with...
Read More >
PROTECTING YOUR TAX INFORMATION: Comments from CRA
CRA released a Tax Tip (Protecting your personal information) on August 6, 2019 which provided various suggestions to safeguard tax information, including the following: Signing...
Read More >
EMPLOYMENT EXPENSES: Commuting?
In an August 15, 2019 Tax Court of Canada case, at issue was the deductibility of a number of employment expenses (primarily travel, lodging and...
Read More >
Demolition Costs in the Real Estate Sector: Tax Consequences
In the 2019 Federal Budget, the government has heightened focus on tax compliance in the real estate sector. It is crucial that careful adherence to...
Read More >
UNCLAIMED BANK DEPOSITS OR PROPERTY: Could Christmas Come Early?
Unclaimed property refers to accounts at banks, financial institutions, and other organizations where there has been no activity generated or contact with the owner for...
Read More >
Maximizing Business Value
We are often asked “How can I maximize the value of my business?” This can be of particular concern to a business owner who is...
Read More >
U.S. Federal Tax Consequences for Canadian Businesses with US Operations
Background Canadian businesses continue to extend their reach into the U.S. for numerous reasons; some of which include proximity, lower corporate tax rates as a...
Read More >
I Own a Small Business. Should I Incorporate?
I have a small business. Should I incorporate it? I often get this question. The answer depends on a number of factors. LET’S FIRST LOOK...
Read More >
Does The TOSI Reasonable Return Exclusion Apply to Family Trusts?
The CRA recently considered that taxable dividends paid to an individual, who has never been involved in or contributed to a business, might meet the...
Read More >