Resources & Articles

Domestic Tax


Summary of the July 18, 2017 Tax Act Proposals for ProfessionalsAugust 15th, 2017

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 CanadaAugust 3rd, 2017

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 IssuesJuly 25th, 2017

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 ProposalsJuly 21st, 2017

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 ConsequencesJune 15th, 2017

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 GivingJune 8th, 2017

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 FamilyMay 26th, 2017

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?May 16th, 2017

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 CommentaryMay 1st, 2017

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 UberApril 13th, 2017

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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