Resources & Articles
Domestic Tax
Summary of the July 18, 2017 Tax Act Proposals for Professionals
On July 18, 2017, Finance Minister Bill Morneau announced the release of a consultation paper and draft legislation to amend the Income Tax Act. The purpose...
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Structuring Options for Foreign Corporations Doing Business in Canada
If your company is looking to expand into Canada, there are options as to how you go about structuring your business. The two most common...
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PERSONAL USE ASSET IN A CORPORATION: GST/ HST and Other Tax Issues
A number of issues may arise if a shareholder uses a corporate asset personally without providing the corporation with fair market value (FMV) consideration. Barring...
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Summary of the July 18, 2017 Tax Act Proposals
On July 18, 2017, Finance Minister Bill Morneau announced the release of a consultation paper and draft legislation to amend the Income Tax Act. The purpose...
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Leave of Absence: There Are Tax Consequences
A deferred salary leave plan (DSLP) permits an employee to fund, through salary deferrals, a leave of absence from their employment. Generally, salary deferrals are...
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Donation of Publicly Traded Securities: Increase the Value of Charitable Giving
An individual who gifts cash or assets to a charity is able to claim a donation tax credit which reduces their personal tax liability. If...
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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. ...
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Meal Reimbursements: A Taxable Benefit?
In a June 10, 2016 French Technical Interpretation, CRA commented on whether an employer had conferred a benefit to an employee where the employee was...
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2017 Provincial Budget Commentary
Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion,...
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Government Levels the Tax Playing Field for Taxis and Uber
In the most recent Canadian Federal Budget, under the heading of ‘Updating Tax Measures to Reflect Changes in the Economy’, a change was proposed to...
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