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Tax advisory Succession and estate planning
Family trusts and distributions of capital gains
Capital gain splitting on the sale of business interests, owned by family trusts with several beneficiaries, continues to be a valuable tool for tax planning purposes, including the opportunity under certain circumstances to access the super capital gains exemption more than once in such a transaction.
Steven Frye Jan 19, 2021
Publications-All about estates
Audit and accounting Tax advisory
Use of trusts by seniors in estate planning
There seems to be a growing interest among seniors to consider options that improve the administration and security of their assets during their lifetime, providing a greater degree of certainty that their estate’s assets will be distributed in accordance with their wishes. One option to consider is certain trusts available to individuals who are at least 65 years of age. 
Dec 18, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Tax advisory
Post-mortem planning: Again more good news
In the past few years, many associated with this blog have written about the benefit of post-mortem pipeline transactions to avoid double tax on disposition of certain assets.
Steven Frye Dec 1, 2020
Publications-All about estates
Tax advisory
What you need to know about home office tax deductions
Due to the COVID-19 pandemic, many businesses have closed their offices and employees are working from home. Many employees have incurred work-space-in-the-home expenses and are asking whether these expenses may be deductible from their employment income for the 2020 tax year.
Nov 24, 2020
Working on computer graphic
Business advisory services Audit and accounting Private enterprise Tax advisory
GST/HST matters for farmers
Although the GST/HST has been with us since 1990, questions still seem to arise regarding what farming-related items are taxable or zero-rated. As a general rule, farmers typically do not charge GST/HST on their sales but do pay GST/HST on their regular purchases. However, there are several exceptions to this rule.
Nov 23, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Audit and accounting Private enterprise Tax advisory
Seller beware: tax issues for Canadian residents selling U.S. real estate
For a few years following the 2008 financial crisis, we saw many investors and snowbirds purchasing U.S. properties to take advantage of real estate bargains and a weak U.S. dollar.
Oct 6, 2020
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
Business advisory services Audit and accounting International Tax advisory
“Show me your papers, please”: zero-rated supplies of exported goods
The Excise Tax Act provides that generally, the supply of goods made in Canada is taxable for GST/HST purposes, and it is the responsibility of the supplier to collect the applicable GST/HST on taxable supplies.
Sep 17, 2020
A bright white iceberg, half submerged in turquoise waters.
Tax advisory
Bare trust
A bare trust, also referred to as a naked trust, exists where a person, the trustee, is merely vested with the legal title to property and has no other duty to perform or responsibilities to carry out as trustee, in relation to the property vested in the trust.
Steven Frye Jul 8, 2020
Publications-All about estates
Business advisory services Audit and accounting Private enterprise Tax advisory
The exit of a family farm shareholder
When a shareholder of a family farm wishes to exit the farm operation—whether due to retirement, disagreement with other shareholders, or a desire for a lifestyle change—and there is no shareholders’ agreement in place to dictate the procedures for buyout, negotiations are required between the exiting shareholder and the remaining shareholder(s).
Jul 2, 2020
Green farm land with varying grass lengths creating an interesting organic pattern.
Tax advisory
TSFA's and survivor payments: Impact of fair market value
In this space, sometime ago, a fellow blogger wrote about how survivor payments made out of a deceased's tax free savings account (TFSA) to the deceased's spouse TFSA would qualify as an "exempt contribution"... 
Steven Frye Jun 24, 2020
Publications-All about estates
Business advisory services Tax advisory
Low-Interest environment: Time to take advantage again
In past blogs, we discussed income splitting arrangements available to individuals who wish to loan funds to his/her lower income spouse or adult child, or in the case of minor children, a discretionary family trust.
Steven Frye Jun 1, 2020
Publications-All about estates
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