Entrepreneurship & Business
Crypto Mining in 2022 and Income Taxes
Crypto mining is on the rise! Learnt he income tax application and reporting of Crypto mining in Canada!
January 1, 2022
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Individual Tax - Canada
2021 – Individual Income Tax Rates – Federal, Ontario & Alberta
Individual income tax rates 2021 and 2022 for Ontario and Alberta in Canada/
January 1, 2022
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Financial Statements
CSRS 4200 Compilation Engagements
Compilation of Financial Statements The Auditing and Assurance Board issued a new standard, ‘CSRS 4200 Compilation Engagements’ for the first time in almost 30 years! CSRS 4200 replaced Notice to reader report under Section 9200
December 30, 2021
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Corporate Tax - Canada
Lifetime Capital Gains Exemption in Canada
What is life time capital gain exemption? Common purification and crystallization strategies.
November 26, 2021
1 Comment
Corporate Tax - Canada
How to extract Surplus cash from Corporation without paying taxes?
Corporate reorganization technique that may allow you to take cash out of corporation without paying income taxes in Canada.
October 16, 2021
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Individual Tax - Canada
Canadian Taxpayers Selling U.S. Property
Many of Canadian taxpayers maintain a second home, a vacation property, or hold a U.S. real property interest for investment purposes. In 2020 and 2021, there is an upward trend of dispositions of U.S. real
August 29, 2021
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Corporate Tax - Canada
Professional Corporations & Income Taxes
Many professionals can now incorporate their practices as professional corporations as per the provincial legislation. Professional Corporations are now becoming a very common structure since the majority of provinces have relevant professional regulations. Professional Corporations
July 14, 2021
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Business Incorporation
Ontario – Incorporation without Resident Canadian Director
News Release – July 05, 2021 Resident Canadian Director no more needed for Ontario Corproations The province of Ontario in Canada has removed the residency requirement of the Director effective July 5, 2021. Previously Ontario
July 5, 2021
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Corporate Tax - Canada
Qualified Small Business Corporation Shares (QSBC)
QSBC allows its shareholders to claim Lifetime Capital Gain Exemption on the disposition of its shares.
June 10, 2021
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Corporate Tax - Canada
CCPC Shares & Emigration
Deemed disposition and departure tax for the owner-managers of Canadian Corporations.
June 9, 2021
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