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Tout ce que vous devez savoir au sujet de la déclaration sur les comptes bancaires et financiers à l’étranger
<p>La&nbsp;<em>Bank Secrecy Act</em>&nbsp;(BSA), loi am&eacute;ricaine vot&eacute;e par le Congr&egrave;s en 1970, a donn&eacute; au d&eacute;partement du Tr&eacute;sor le pouvoir de recueillir des renseignements aupr&egrave;s de personnes des &Eacute;tats-Unis ayant un int&eacute;r&ecirc;t financier ou le pouvoir de signature dans des comptes financiers &eacute;tablis dans des institutions financi&egrave;res situ&eacute;es en dehors des &Eacute;tats-Unis. Cette disposition de la BSA exige qu&rsquo;un Formulaire FinCEN 114,&nbsp;<em>Report of Foreign Bank and Financial Accounts</em>&nbsp;(FBAR) soit d&eacute;pos&eacute; si les valeurs maximales totales des comptes financiers &eacute;trangers exc&egrave;dent 10&nbsp;000&nbsp;$ en tout temps durant l&rsquo;ann&eacute;e civile. Le Formulaire FinCEN 114 remplace le formulaire TD F 90-22.1 du Tr&eacute;sor. En avril&nbsp;2003, le&nbsp;<em>Financial Crimes and Enforcement Network</em>&nbsp;(FinCEN) a d&eacute;l&eacute;gu&eacute; des pouvoirs d&rsquo;ex&eacute;cution concernant la d&eacute;claration FBAR &agrave; l&rsquo;IRS (<em>Internal Revenue Service</em>). Bien que le formulaire ainsi que l&rsquo;administration et l&rsquo;ex&eacute;cution de son d&eacute;p&ocirc;t aient &eacute;t&eacute; modifi&eacute;s au fil des ans, les exigences de production en soi de la d&eacute;claration FBAR ne sont aucunement nouvelles, ayant &eacute;t&eacute; tout d&rsquo;abord mises en place en 1972.</p>
5 mars 2015
Looking to Multiply Capital Gains Exemptions? Think Twice.
<p>In the recent decision <em>Gervais v. R.</em>, the Tax Court of Canada denied a taxpayer&rsquo;s attempt to multiply the capital gains exemption with his spouse.</p> <p>Mr. Gervais owned shares, worth approximately $2,000,000, of a family owned business. In contemplation of a sale, Mr. Gervais carried out a series of transactions seeking to use his own capital gains exemption <em>and</em> his spouse&rsquo;s capital gains exemption. His strategy involved three steps:</p>
26 févr. 2015
Planning for the Unexpected
<p>A well thought out formal plan for transferring the ownership of a family farm sets out how you will do it on your terms.&nbsp; However, what happens in the case of premature death or a severe disability that incapacitates you and you are no longer capable of making decisions?</p>
Peter Hobb 27 janv. 2015
Closing up shop
<p>When it comes to administering a deceased&rsquo;s estate, it&rsquo;s common and sometimes necessary for a friend or relative to be appointed the executor, but not many are aware of the proper steps to take for tax filing obligations. Read on to learn the essential requirements that need to be met.</p>
27 janv. 2015
Farmers and the Principal Residence Exemption
<p>When a farm is sold as a going concern, it is fairly common for the family home to be situated on the same parcel of land and also form part of the sale transaction.&nbsp; An important consideration in these circumstances involves the allocation of proceeds between the farming assets and principal residence of the taxpayer.&nbsp; Absent this determination, the gain ultimately attributed to the residence may be subject to income tax or at the least utilize a portion of any available capital gains exemption (capped at $800,000 / individual) should the property be &ldquo;qualified farm property.&rdquo;</p>
21 janv. 2015
Are You a “Small Business”?
<p>Canadian-controlled private corporations earning business income can enjoy significant tax advantages.</p> <p><strong>Small business deduction</strong></p> <p>The small business deduction is the most significant advantage. The federal tax rate on the first $500,000 of business net income is reduced to 11 per cent from a general rate of 15 per cent. In addition, all provinces assess a general business tax rate ranging from 10 to 16 per cent, depending on the province. Each province also provides a significant rate reduction on the first $500,000 of business income (with the exception of Manitoba and Nova Scotia, which have lower thresholds).</p>
21 janv. 2015
New Funding Available for Small Businesses in Ontario
<p>Effective December 1, 2014, FedDev Ontario will re-open the&nbsp;SMART program, a grant benefitting small businesses in the manufacturing sector.&nbsp;The SMART program&nbsp;will fund up to 35 per cent of eligible costs to a maximum contribution of $100,000 for advancements focused on improving productivity through the adaption or adoption of new or upgraded advanced technologies, materials or processes.</p>
21 janv. 2015
Investments outside of Canada? CRA's offshore compliance division issues letter to select taxpayers
<p>In December 2014, the Canada Revenue Agency (CRA) issued a letter to a sample of taxpayers to remind them of the criteria for filing a T1135-Foreign Income Verification Statement and to review their income tax filings to ensure they have been properly reporting the relevant assets and income.</p>
20 janv. 2015
Audit et comptabilité
Technical Bulletin - January 2015 Part 1
<span class="post-content">This technical bulletin covers the various developments from October to December 2014. Collins Barrow regularly publishes Technical Bulletin for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada</span><br /> <p></p> <strong></strong>
14 janv. 2015
Audit et comptabilité
Technical Bulletin - January 2015 Part 2
PART TWO: <span class="post-content">This technical bulletin covers the various developments from October to December 2014. Collins Barrow regularly publishes Technical Bulletin for the general interest of its clients and friends to highlight the continually changing accounting and assurance standards, and the interpretations thereof, in Canada</span>
14 janv. 2015
How Obamacare affects Canadians
While the majority of Canadians will not notice any impact as a result of the Affordable Health Care Act, commonly known as Obamacare, a select few may need to comply with its rules. Read on to determine if and how Obamacare affects you.
12 janv. 2015
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