On May 27, 2019, the Department of Finance issued draft legislation and explanatory notes relating to the Excise Tax Act that would add a "virtual payment instrument" to the definition of a financial instrument for GST/HST purposes.

Life insurance gives a level of financial security for family members of the deceased. However, having a policy also has investment purposes or provides future liquidity.

Old age security (OAS) is a benefit that is paid to eligible Canadian seniors who either apply for the benefit, or are automatically enrolled in the program.

Four bounces off the rim… and in! A thundering slam dunk over the presumptive NBA MVP. Nailing two free throws in the final 0.9 seconds—sealing the first ever NBA Championship for the Toronto Raptors.

The uncertainty of whether an advantage tax is created when the payment of investment management fees occurs from outside of a registered account appears to be over. Examples of registered accounts

The 2012 Personal Income Tax Organizer is designed to assist you in gathering the reporting information and documents necessary for the preparation of your 2012 tax return.

With the transition to Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS) now underway, for private and public entities, we are noticing common areas of concern.

Bill 168, an addition to the Ontario Health and Safety Act ("OHSA"), became law on June 15, 2010. Bill 168 requires all employers, regardless of size, to implement programs and policies that deal with workplace violence, bullying, harassment and even domestic violence that might occur in the workplace.

It is a new year, and some of you may have just celebrated your 60th birthday or soon will be. With the excitement of this life milestone comes the option for you to begin receiving your pension benefits.

The novel coronavirus, or COVID-19, has disrupted daily lives with necessary social distancing, travel bans, and voluntary and involuntary quarantines.

The need for "loss quantification" arises in many types of insurance or litigation claims, particularly when an earnings loss has occurred.

According to the Canadian Department of Justice, approximately 10% of Canadian seniors are victims of consumer fraud each year. Seniors continue to be a rapidly increasing segment of the population

Both self-employed and employed healthcare professionals, including medical residents, may be able to deduct automobile expenses in their personal or corporate income tax returns...

A discussion on why compliance to AODA makes smart business sense.

At first glance, renting out a home seems to have simple tax consequences; if you made positive income, you should pay tax on it.

As we approach the end of the year, owners of private companies often ask, "If I need to take money out of my corporation, should I pay myself a bonus or a dividend?"

When an athlete signs with a US team, one of the most common questions I hear is: "How do I get a green card?"

The Canada Revenue Agency's Voluntary Disclosures Program (VDP) provides opportunities for taxpayers who have previously provided incorrect or inaccurate information while preparing a tax return.

So, you've just signed a contract, and are ready to embark on or continue your career as a professional hockey player.

You are in your 50s or 60s and looking forward to enjoying retirement life in a few years.