Resources & Articles

Year: 2019


I Own a Small Business. Should I Incorporate?November 18th, 2019

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?November 13th, 2019

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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TAXABLE BENEFIT: Parking PassNovember 7th, 2019

In a June 10, 2019 Federal Court of Appeal case, the Court upheld the previous Tax Court decision which classified an employer-provided parking pass as...
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Not Having a Will Can Be Risky Business: Make Sure You’re Prepared!November 6th, 2019

Executive summary Most of us know that having a will is important, but statistics show that what we know about wills and the action we...
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WORKERS COMPENSATION: Replacement Payouts by EmployerOctober 31st, 2019

In a March 29, 2019 Tax Court of Canada case, the taxpayer had been injured on the job and was held eligible for workers’ compensation...
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ZERO-EMISSION VEHICLES: Personal and Corporate IncentivesOctober 24th, 2019

On April 17, 2019, Transport Canada released details on the purchase incentive of up to $5,000 for zero-emission vehicles as originally proposed in the 2019...
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Canadian Accounting Standards for Not-for-Profit Organizations UpdateOctober 15th, 2019

New standards affecting not-for-profit organizations (NPOs) with tangible capital assets, intangible assets or those that hold collections effective for year-ends beginning on or after January...
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Percentage of Completion Accounting Method – Best PracticesOctober 10th, 2019

Many industries and firms use the Percentage of Completion (POC) method of accounting for revenue recognition. However due to a number of variables affecting such...
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ANXIETY, DEPRESSION & PHOBIAS: Disability Tax CreditOctober 9th, 2019

In an April 3, 2019 Tax Court of Canada case, at issue was whether the impact of an individual’s mental impairment entitled her to the...
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Economic Loss Calculations – The BasicsOctober 3rd, 2019

When someone is injured in an accident, we are often asked to calculate that person’s past and future economic loss. The majority of times this...
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