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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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