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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Category: Individual Tax – Canada
Individual Tax – Canada
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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Individual Tax - Canada
Cryptocurrencies: Income Tax Implications in Canada
How are cryptocurrency transactions reported to Canada Revenue Agency?
May 21, 2021
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Individual Tax - Canada
Hybrid Entities – The Tax Problems in Canada
U.S. LLCs and S Corps are hybrid entities due to a mismatch of income tax treatment in both U.S. and Canada
March 15, 2021
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COVID-19
How to Stay Safe this Tax Season
Tax season is in full swing! Millions of Canadians and Residents are looking to file their taxes. Traditionally, taxpayers with simple tax situations tend to visit drop-off locations of various tax service providers. With Covid-19,
March 12, 2021
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Individual Tax - Canada
Blockchain Technology and Cryptocurrencies
Blockchain technology, including Cryptocurrencies, are on the rise. What are the income tax implications and how to report them
February 27, 2021
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Individual Tax - Canada
2020 Individual Income Tax Return Checklist
2020 Tax season just started. Individual income tax and benefits returns are now open for e-filing. A checklist is compiled to help you preparing all the documents for your tax appointment. Please do not forget
February 21, 2021
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COVID-19
2019 Income Tax return Adjustments for CERB Eligibility
A lot of people have claimed CERB for the full 28 weeks period, totalling up to $14,000. Canada Revenue Agency (CRA) has issued letters to the taxpayers who they think might not have been eligible.
December 14, 2020
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Individual Tax - Canada
2020 – Year End Income Tax Planning – Individuals
The year 2020 is approaching an end! This is the time of the year when you should not forget important tax planning to best optimize your 2020 income taxes in Canada. We have compiled a
December 6, 2020
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Corporate Tax - Canada
Flipping Houses – Business Income Vs Capital Gains
Property flipping is an increasingly common practice to buy a property and then reselling it for a quick profit. Property flipping also includes assignment sales a.k.a. shadow flipping. Shadow flipping is the sale of a property
December 4, 2020
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