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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Category: Individual Tax – Canada
Individual Tax – Canada
Corporate Tax - Canada
Lifetime Capital Gains Exemption in Canada
What is life time capital gain exemption? Common purification and crystallization strategies.
November 26, 2021
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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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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
2 Comments
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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