Resources & Articles
Domestic Tax
EXTENDED WAGE AND RENT SUBSIDIES: Details Released
On March 3, 2021, the Department of Finance announced details on the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) for the...
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Considerations for Using a Spousal RRSP
For a number of years the government has given taxpayers the ability to split certain pension income with their spouse when filing their tax returns. ...
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Non-residents of Canada: Earnouts and Payments
Having both parties agree on the purchase price to be paid for a business being acquired/sold (whether assets or shares or some combination of both)...
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Reduced Taxes for Inter-generational Business Transfers
Bill C-208 proposes changes to the tax treatment of inter-generational transfers of farm, fishing, and small business corporations. These proposed changes have moved quickly and...
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CANADA RECOVERY HIRING PROGRAM (CRHP): New Hiring Subsidy
The 2021 Federal Budget introduced the new CRHP which would provide eligible employers with a subsidy of up to 50% of the incremental remuneration paid...
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Level 3 Authorization Policy for Those Speaking With the CRA
In response to recent security breaches, the Canada Revenue Agency (CRA) is taking action to enhance security measures. This includes a new unofficial policy on...
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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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STARTING A BUSINESS AND NOT GETTING PAID: Can I collect EI?
In a January 10, 2020 Federal Court of Appeal case, the Court conducted a judicial review of the denial of the taxpayer’s EI benefits. While...
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GST/HST When Constructing a Residential Complex
The Excise Tax Act (The Act) contains a number of self-supply rules that pertain when a person builds a ‘residential complex’ for the purpose of...
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OAS DEFERRAL: Undoing an Application
As of July 1, 2013, where receipt of Old Age Security (OAS) is delayed, the monthly pension is increased by a factor of 0.6% for...
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