The Department of Finance's September 8, 2017 release of draft GST/HST legislation introduces the newly defined "investment limited partnership" and a series of legislative amendments that will apply...

From an investment perspective, mutual funds and exchange-traded funds (ETFs) make sense for many Canadians. They allow them to reduce investment risk by diversifying their holdings through exposure to...

There are several types of trusts contemplated in the Income Tax Act, each with specific opportunities, rules and restrictions.

Canada has over 90 bilateral tax treaties and over 20 bilateral Tax Information Exchange Agreements in force, with at least a dozen more treaties or agreements in the negotiation stage.

There are numerous components that go into valuing the assets of an active business. In simplified terms, those components can be characterized as the value of normalized discretionary cash flow...

For medical practitioners, the choice between salary or dividends is usually a conflicted one. The general sense is that the grass is greener on the other side.

Human resources managers tend to be most concerned with acquiring staff, the exit of workers from the organization, training and development, the administration of pay plans, benefits and...

If you're a farmer using the cash method to report income and claim expenses, you have flexibility in determining your taxable income on a year-to-year basis.

Our lives and the world around us are in a constant state of change. Why then, do so many organizations struggle to make time for continuous process improvement?

The 2017 Federal Budget proposes to amend the definition of a "taxi business" in the ETA effective July 1, 2017, to ensure that ride-sharing services, such as Uber, share the same GST/HST consequences...

Those of us in financial services in Canada are holding our breath for March 22, when Trudeau's Liberal government is set to unveil the 2016 federal budget.

The CRA recent change to its position on the classification of two popular entities for U.S. real estate investing has thrown a wrench into tax structure planning for Canadian investors.

Expanding your company's operations into a different province or even country can be a significant step in your growth trajectory, but the process itself can be overwhelming.

Canada Revenue Agency auditors continue to aggressively challenge GST/HST registrants with the documentary requirements under subsection 169(4) of the Excise Tax Act.

For anyone starting a business, detailed record keeping is one of the most important ways to avoid tax complications.

On March 27, 2018, the Quebec budget introduced a specified registration system for Quebec Sales Tax (QST) purposes for non-resident suppliers that make taxable supplies...

The Tax on Split Income (TOSI) regime has had significant impact on tax planning strategies for owner-managed businesses.

Are you one of the many Canadians who have inadvertently overcontributed to their Registered Retirement Savings Plans?

With farmland values on the rise in Canada, many farmers are contemplating selling some or all of the land used in their farming businesses.

With the 2015 Federal Budget effectively increasing the lifetime capital gains exemption for qualified farm property to $1 million, now is a good time to revisit capital gains tax planning.