A 75-day consultation period followed (in the peak of summer) and practitioners rushed to submit their comments to the Department of Finance expressing their concerns regarding the proposals.

The 2015 Personal Income Tax Organizer is designed to assist you in gathering the reporting information and documents necessary for the preparation of your 2015 tax return

An estate freeze is a reorganization of the shares of a private company undertaken to "freeze" the growth in value of a particular class (or classes) of shares at the fair market value thereof...

Shared parenting arrangements are becoming increasingly more common. When both parents have access or physical custody of a child for no less than 40 per cent of the time during a year, it is viewed as a "shared-custody" situation.

Our annual Tax Tips can assist you in your tax planning presenting some quick ideas and strategies for you to employ.

One of the most common and important benefits for employees working in any business is medical insurance and medical expense coverage.

The factors that help determine whether or not a professional athlete is a resident of Canada for tax purposes can be broken out into two categories: Significant Residential Ties...

Dividends, on the other hand, may cost the family unit less in current taxes.

Have you ever Google-searched your name on the Internet? If so, were you shocked at what you discovered?

As the weather begins to warm, downtown Toronto livens up. Come summer, streets and attractions are abuzz with thespians and tourists alike, outdoor patios fill with revelers, and festivals and parades abound. You will also often find streets lined with movie trailers. World-class amenities, a suitable infrastructure, and favourable federal and provincial tax incentives make Toronto an attractive place to film motion pictures.

Salary will qualify you and other family members active in the business for RRSP contributions, Canada Pension Plan (CPP) contributions, and child-care deductions. Dividends will not qualify

Corporations worldwide are dealing with Canada. Depending on their level of involvement, these corporations may be subject to Canadian corporate tax and/or filing obligations.

The Department of Finance's recent consultation paper laments the use of private corporations for use in tax planning.

We have all heard the adage that there are two certainties in life: "Death and Taxes."

In December 2018, the Accounting Standards Board amended Section 3856, Financial Instruments (the "Section"), to address concerns on the accounting for financial instruments in a related party transaction.

Whenever there is a change in government, it is usually accompanied by changes to tax measures. This article will summarize the key tax initiatives we may see in the near future as a result of the new Liberal majority government in Canada.

The Department of Finance has proposed new "holding corporation rules" for GST/HST* that, if enacted, would be effective as of July 28, 2018.

Volunteerism was once considered an altruistic act, which is purely charitable and selfless, with no benefit to the donor.

Our annual Tax Tips Guide is here to assist you in your tax planning, presenting some quick ideas and strategies for you to consider.

Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement