Resources & Articles
Construction
Construction Lien Act – Our Summary of the Proposed Updates
The Construction Lien Act (CLA) regulates the way payments are made in the construction industry. It provides assurance to contractors and subcontractors who have provided...
Read More >
Construction and Real Estate Businesses – Structures and Tax Planning
There are many ways to structure a construction and/or real estate business in order to achieve income tax deferrals and savings. The structuring techniques come...
Read More >
To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?
If you are a business needing to purchase new equipment, the question naturally arises: What is the best option, to lease or buy? Understanding the...
Read More >
Keeping the Family Cottage in the Family
As the weather starts to become warmer and the first long weekend has just passed, we look forward to spending time outdoors with our families. ...
Read More >
RC4617 – Simplified Reporting of Specified Housing Supplies
Canada Revenue Agency (CRA) has been sending letters out to builders pertaining to the 2016 Federal budget, asking them to complete the RC4617 http://www.cra-arc.gc.ca/E/pbg/gf/rc4617/README.html. Making...
Read More >
Taxable Benefits in the Construction Industry
If you provide benefits to an employee (or officer or shareholder), then you may need to include the value of the benefit in the employee’s...
Read More >
GST/HST and Damage Payments
Given the vastness of the GST/HST rules, it is wise to check the GST/HST rules for all transactions, especially those that are non-routine, such as...
Read More >
WSIB & Independent Operators in Construction
As many are aware, the rules related to WSIB in the construction industry changed significantly in January 2013. Major changes included the calculation of premiums...
Read More >
T5018 Information Return
One of Canada Revenue Agency’s (CRA) strategies to combat the ever-growing underground economy is to require construction businesses to file an annual T5018 return. A...
Read More >
To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?
If you are a business needing to purchase new equipment, the question naturally arises: What is the best option, to lease or buy? Understanding the...
Read More >
