Resources: Construction

Construction & Real Estate - Structuring & Planning

Profit Clue: Construction and Real Estate Businesses – Structures and Tax Planning

Posted on June 6, 2017 by admin

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 with pros and cons that need to be carefully considered prior to i...View Post »


To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?

To Lease or To Buy, Is It a Matter of The Lesser of Two Evils?

Posted on June 1, 2017 by djb

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 following key factors will help you decide. Cash Flow This is simply the money com...View Post »


FEES_gotcredit.com

Unreasonable Management Fees

Posted on February 7, 2017 by djb

Recently the Canada Revenue Agency (CRA) has attacked HST/GST input tax credits (ITCs) that relate to, what they believe are, unreasonable management fees.  The CRA is trying to use subsection 170(2) of the Excise Tax Act to deny...View Post »


DJB Construction Team

Habitat for Humanity Build

Posted on August 4, 2015 by djb

DJB’s Construction group demonstrate their hands on construction skills by volunteering on a Habitat for Humanity build in the Niagara Region – July 27th, 2015.   ...View Post »


Construction - T5018 Reporting

Profit Clue: T5018 Information Return

Posted on November 14, 2014 by djb

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 T5018 Statement of Contract Payments Information Return, and ...View Post »


Construction - work injury

Profit Clue: WSIB & Independent Operators in Construction

Posted on by djb

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 with respect to executive officers and the type of remuneration (i...View Post »


Taxes and Construction

Profit Clue: Taxable Benefits in the Construction Industry

Posted on by djb

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 income.  Whether or not the benefit is taxable often depends on its type and the reason...View Post »


construction worker using digital tablet

Profit Clue: GST/HST and Damage Payments

Posted on by djb

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 damage payments.  Generally, damage payments do not constitute consideration for ...View Post »


cash

Foresight: CRA Says Underground Economy Is a “Priority”

Posted on May 7, 2014 by djb

According to the latest estimates from Statistics Canada, the size of the nation’s underground economy (UE) is approximately $35 billion per year*, costing Canada’s treasury millions in unpaid taxes. UE activity, defined by th...View Post »


Bare Trusts and GST/HST

Posted on January 15, 2014 by djb

Recently, there has been increased Canada Revenue Agency (CRA) audit activity as it relates to bare trusts and GST/HST.  It isn’t uncommon to see those involved with joint ventures to have the bare trustee registered for GST/HS...View Post »