Resources & Articles
Domestic Tax
PROVIDING SUPPLIES TO YOUR CONTRACTORS: GST/HST Issues
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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SALARIES TO FAMILY MEMBERS: Amounts Paid Must be Traceable
Oftentimes, family members of the owner of a business will work for the business. However, these arrangements can be somewhat informal, and amounts paid may...
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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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New Ontario Business Registry
On October 19, 2021, the Government of Ontario launched the Ontario Business Registry. This new online platform offers simpler, faster, and more convenient access for organizations that...
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WITHDRAWING FROM FAMILY RESPs: Flexible Planning Possibilities
A July 21, 2021, Money Sense article (My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair...
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Estate Freeze Advantages and Considerations
The Canadian Income Tax law states that taxpayers are deemed to dispose of all of their property at fair market value immediately prior to death. ...
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WORKSPACE IN-HOME CLAIMS: CRA Reviews
For the 2020 year, many employees were required to work from home due to the COVID-19 pandemic. Those employees generally had two deduction possibilities: using...
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Is a Farm Partnership Right for Your Farming Business?
For tax planning purposes, a farm partnership is a potentially beneficial tax structure. The partnership must be carried out by two or more people, related...
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Use of a Professional Corporation on Retirement
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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Targeted Government Support Programs for Worst-affected Businesses
The government has announced the following changes to business support programs: The Canada Recovery Hiring Program has been extended until May 7, 2022, for eligible...
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