Resources & Articles

Construction


Taxable Benefits in the Construction IndustryNovember 28th, 2017

If you provide benefits to an employee (or officer or shareholder), then you may need to include the value of the benefit in the employee’s...
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How Does GST/HST Apply when Exporting Tangible Goods from Canada?November 2nd, 2017

As Canadian companies continue to look for customers in other parts of the world, they must ensure that they take into consideration that Canada’s GST/HST...
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Construction Lien Act – Our Summary of the Proposed UpdatesJuly 11th, 2017

The Construction Lien Act (CLA) regulates the way payments are made in the construction industry.  It provides assurance to contractors and subcontractors who have provided...
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Construction and Real Estate Businesses – Structures and Tax PlanningJune 6th, 2017

There are many ways to structure a construction and/or real estate business in order to achieve income tax deferrals and savings.  The structuring techniques come...
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To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?June 1st, 2017

If you are a business needing to purchase new equipment, the question naturally arises: What is the best option, to lease or buy? Understanding the...
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RC4617 – Simplified Reporting of Specified Housing SuppliesAugust 25th, 2016

Canada Revenue Agency (CRA) has been sending letters out to builders pertaining to the 2016 Federal budget, asking them to complete the RC4617 http://www.cra-arc.gc.ca/E/pbg/gf/rc4617/README.html. Making...
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GST/HST and Damage PaymentsNovember 14th, 2014

Given the vastness of the GST/HST rules, it is wise to check the GST/HST rules for all transactions, especially those that are non-routine, such as...
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WSIB & Independent Operators in ConstructionNovember 11th, 2014

As many are aware, the rules related to WSIB in the construction industry changed significantly in January 2013. Major changes included the calculation of premiums...
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T5018 Information ReturnNovember 11th, 2014

One of Canada Revenue Agency’s (CRA) strategies to combat the ever-growing underground economy is to require construction businesses to file an annual T5018 return. A...
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To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?August 5th, 2014

If you are a business needing to purchase new equipment, the question naturally arises: What is the best option, to lease or buy? Understanding the...
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