Resources & Articles

Year: 2021


LIFE INSURANCE POLICIES: Using Tracking SharesDecember 23rd, 2021

When a shareholder passes away, their shares are deemed to be disposed of at fair market value (FMV) unless a tax-free rollover is available and...
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Use of a Professional Corporation on RetirementDecember 20th, 2021

For professionals, the use of a Professional Corporation (PC) can provide key benefits in terms of income splitting and income tax deferral.  However, professionals often...
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Having Good Records Will Save You Tax DollarsDecember 16th, 2021

No one ever likes to be audited by the Canada Revenue Agency (CRA), but alas, it usually happens at some point in time to all...
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Federal economic and fiscal updateDecember 15th, 2021

(authored by RSM CANADA) The Canadian government provides an overview of Canada’s finances, unveils the areas of focus, and sets out proposed new tax measures.
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DIRECTOR LIABILITY: Properly ResigningDecember 15th, 2021

Directors can be personally liable for unremitted employee source deductions and GST/HST unless they exercise due diligence to prevent failure to remit these amounts on...
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Meet the Tourism & Hospitality Industry Advisory TeamDecember 14th, 2021

Meet our team of Tourism and Hospitality Industry Advisory professionals. They have knowledge of the business landscape in one of Canada’s most cherished tourist destinations.
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Meet the Not-for-Profit Industry Advisory TeamDecember 10th, 2021

Meet our team of Not-for-Profit Industry Advisory professionals. They understand the unique business needs of Not-for-Profit organizations and know the specific challenges that are faced.
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ENHANCING THE VALUE OF OWNER-MANAGED BUSINESS: Starting the Transition EarlyDecember 7th, 2021

Many owner-managers are shocked at both the difficulties in finding a buyer for their business and the low prices an owner-managed business often commands. A...
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Importing Tangible Goods into CanadaDecember 3rd, 2021

Gone are the days when businesses operate without ‘dipping their feet’ or ‘jumping right in’ to our ever-expanding global economy. With companies looking to manage...
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PROVIDING SUPPLIES TO YOUR CONTRACTORS: GST/HST IssuesDecember 2nd, 2021

In a July 29, 2021, Tax Court of Canada case, a trucking company (the taxpayer) engaged the services of a number of drivers as independent...
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