Resources & Articles
Domestic Tax
VOLUNTARY DISCLOSURE PROGRAM: Proposed Tightening
The Voluntary Disclosure Program (VDP) provides taxpayers (individuals, corporations, partnerships, trusts, etc.) the opportunity to fix incorrect or incomplete previously filed tax returns (or returns...
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Open Letter to the Department of Finance
On September 15, 2017, DJB submitted a letter to the Department of Finance Canada in response to the July 18, 2017 release on the proposals to changes...
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How Does GST/HST Apply When Purchasing a Business?
When you are purchasing a business in a share deal, the GST/HST implications can be fairly straight forward, in that the purchase of shares of...
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ELECTRONIC T4 SLIPS: Now More Widely Available
Canada Revenue Agency has provided commentary on its website to discuss recent changes to allow the electronic distribution of T4 slips. In the past, an...
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RETIREMENT INCOME CALCULATOR: Ensure you are Financially Ready
The Canadian Retirement Income Calculator provided by the Government of Canada estimates retirement income generated through a number of programs such as the Canada Pension...
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GST/HST Implications for Condo Flipping
Condo flipping is becoming more common with the recent housing market appreciation rates. Some purchasers of condos are looking to capitalize on these appreciating rates...
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Website History: Finding What You Thought Was Lost on the Internet
Webpages are constantly evolving. An individual may wish to see the history of a certain webpage for any number of reasons. Without a webpage or...
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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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