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Services de conseils fiscaux
U.S. citizens and Canadian trusts
<p>Trusts are important tools in Canadian tax and estate planning.&nbsp;Discretionary family trusts, in particular, have become common and are continually evolving. Some of the most powerful benefits of these tools include:</p> <ul> <li><strong>Flexibility</strong> &ndash; the ability to maintain control of assets while directing income and value as the trustees see fit.</li> <li><strong>Income splitting</strong> &ndash; directing income of the trust to lower-income beneficiaries (usually family members) to minimize the overall family tax burden.</li> <li><strong>Capital splitting</strong> &ndash; allocating capital gains to beneficiaries, enabling the use of multiple capital gains exemptions.</li> </ul>
Todd King 29 mai 2014
Services de conseils fiscaux
Mitigating U.S. Tax exposure through the Closer Connection Statement
<p>Canadian persons that spend significant time in the United States can become subject to U.S. taxation and reporting requirements unexpectedly, even if they are not earning income from U.S. sources.&nbsp; Starting June 30th, 2014 a new initiative will begin that is designed to track a Canadian person&rsquo;s movement across the Canada/U.S. border.&nbsp; Prior to this new initiative, many Canadian persons felt, perhaps justifiably, that U.S. authorities had no way of actually knowing how many days they were present within their border.</p>
29 mai 2014
Services de conseils fiscaux
Holding Companies Demystified
<p>As tax professionals, we are often asked by clients to explain the concept and appropriate uses of holding companies. The answer generally is not straightforward; a variety of tax and commercial factors are relevant in any particular case. Though it is beyond the scope of this article to provide a complete list of potential benefits and drawbacks, an introduction to several key issues will be examined.</p>
28 mai 2014
Services de conseils fiscaux
Access granted
Canadian business owners can extract tax-free cash from their corporations by using innovative strategies. Explore these tax effective ways to extract cash from your business.
15 mai 2014
Services de conseils fiscaux
2014 Ontario Budget Commentary - May 1, 2014
The deficit for the 2013-14 fiscal year is projected to be $11.3 billion, which is $400 million less than the amount estimated when the 2013 Budget was tabled. The deficit for the 2014-15 year is projected to be $12.5 billion and the longer-term forecast continues to call for a return to a surplus by 2016-17. Net public debt to GDP is projected to continue to increase until 2015-16, from which time it will to start to decrease.
2 mai 2014
Impôts indirects Services de conseils fiscaux
Voluntary Disclosures
<p>This article provides information about the Voluntary Disclosure Program (VDP) administered by the Canada Revenue Agency (CRA). The VDP encourages taxpayers to come forward voluntarily to declare information that may not have been previously reported. It may be used to divulge unreported or underreported financial information. Use of this provision provides defense against penalty and prosecution.</p>
29 avr. 2014
Impôts indirects Services de conseils fiscaux
FI, LFI, SLFI and SAM: What Do They Mean and What Can They Cause
<p>Revenue is a good thing; we are always looking for ways to increase it. But in the GST/HST world, dividend and interest revenue can reduce income in addition to causing huge compliance costs and issues. This can come as an unwelcome surprise to many taxpayers.</p>
29 avr. 2014
Services de conseils fiscaux
New CRA Reporting Requirements for Internet Business Activities
For 2013 and subsequent taxation years, corporations will be required to disclose the income earned from any web pages or websites they administer. The percentage of the corporation’s gross revenue generated from the Internet must be reported on the recently released Schedule 88 for T2 Corporation Income Tax Returns.
14 avr. 2014
Services de conseils fiscaux
Collins Barrow by the numbers
The Collins Barrow by the Numbers infographic provides an overview of the Collins Barrow network, our areas of expertise and our people. Whatever your unique circumstances, Collins Barrow professionals provide objectivity, actionable advice and customized solutions to maximize opportunities in every area of your business.
2 avr. 2014
Transfrontalière et internationale Services de conseils fiscaux
Reaching across borders
Introduced as part of the Patient Protection and Affordable Care Act in the U.S., the Net Investment Income Tax (NIIT) presents new challenges for all U.S. citizens living beyond America's borders.
21 mars 2014
Services de conseils fiscaux
Ready to put it in Inc.?
For small businesses and professional practices such as dentist offices, incorporation often leads to substantial tax savings. Collins Barrow's latest infographic provides an overview.
7 mars 2014
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