Resources & Articles
Domestic Tax
VIDEO LEGACY: What Message Am I Leaving?
When conducting our estate plans, we are often focused on the distribution of assets (such as homes, bank accounts, investments, and interest in private corporations),...
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T1135 Reporting of Foreign Property Update
The CRA’s Voluntary Disclosure Program gives taxpayers a second chance to correct unintentional errors or omissions in income tax filings. Taxpayers can seek to mitigate...
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Expense Claims that Pass the Audit Test
Often taxpayers are audited by the Canada Revenue Agency (CRA) and end up being surprised when some or all of their expenses are disallowed. Many...
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Meet the Lead of Our Domestic Tax Services: Jodi Lycett
Jodi provides tax, estate planning, and accounting services to individuals and small businesses. Her areas of specialty include Trust and estate work, including tax filings...
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File Your Tax Return
Quite often I will get a call from someone saying that they haven’t filed their tax return for a number of years or they are...
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SHARED CUSTODY OF A CHILD: The “Equal or Near Equal” Issue
Certain tax benefits, such as the Canada child benefit, the GST/HST rebate, and the recently implemented federal carbon tax incentive (where applicable) are normally paid...
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SAUNA AND HYDROTHERAPY POOL: Medical Expense Tax Credit
In a December 4, 2018 Technical Interpretation, CRA was asked whether the costs of installing a steam shower (sauna) and hydrotherapy pool could be eligible...
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TOSI Clarification Update
Income splitting is a practice that has most commonly been used by private business owners to allocate income amongst family members to reduce their overall...
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When the Auditor Comes Knocking
Say the word ‘audit’ and people instantly become nervous. Relax, it doesn’t have to be this way. Just because you receive an audit notice, do...
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FIRST-TIME HOME BUYER INCENTIVE: New Possibility
Budget 2019 proposed the new Canada Mortgage and Housing Corporation (CMHC) first-time home buyer incentive, which is a shared equity mortgage that would give eligible...
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