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Audit and accounting Private enterprise Tax advisory
The capital gains inclusion rate dilemma
As we get closer to the federal budget date each year, people start speculating about a possible increase in the capital gains inclusion rate. Currently, individuals only pay tax on 50 per cent of their capital gains, leaving the other 50 per cent tax-free. There are legitimate policy reasons for not taxing 100 per cent of capital gains (e.g., inflation, risk), but the intention of this article is not to debate the policy behind full or partial taxation on capital gains. 
Feb 12, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Corporate-owned farm residences
When a family farm operation has been incorporated, it is relatively common for the family residence to be on the same parcel of land as the farmland owned and operated by the corporation.
Jan 31, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
Cryptocurrency in Canada in 2020
Bitcoin, the very first cryptocurrency, was created in 2009. Ten years and many thousands of cryptocurrencies later, taxation and regulatory agencies around the world are finally starting to realize that cryptocurrencies are here to stay.
Jan 28, 2020
Business advisory services Audit and accounting Private enterprise Tax advisory
New employee stock option rules delayed
Those individuals who were preparing for the Jan. 1, 2020 implementation of the revised stock option rules will have to wait a little longer. The Department of Finance Canada announced on Dec. 19, 2019 that the effective date of the revised employee stock option rules will be delayed. 
Jan 22, 2020
Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Custom farm services and the pitfalls of GST/HST
Most farmers are aware that they must charge GST/HST on custom work, but are you aware that you may need to charge GST/HST on supplies on which you did not pay GST/HST? If you operate a custom services business providing the application of fertilizer or chemical to farmers in Canada and your business is registered for HST, you should be aware of a policy statement published by the Canada Revenue Agency (CRA) affecting HST on those crop inputs.
Dec 19, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
Managing U.S. withholding tax requirements for Canadian service providers
Are you a Canadian service provider<span style="font-size: 13.3333px;"> </span>(either an individual or a corporation) performing services for a U.S. business? If so, you could be considered a foreign person to that U.S. business, and the payments you receive may be subject to a U.S. 30 per cent federal withholding tax.
Dec 12, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
A less taxing take on TOSI
The “kiddie tax” was introduced in 2000 to deter income splitting with minor children by enforcing taxation at the highest marginal tax rate on the income received and denying certain personal tax credits. In recent years, new legislation expanded the tax on split income (TOSI), extending beyond minor children to include certain adults as well.
Dec 10, 2019
Business advisory services Audit and accounting Indirect tax Tax advisory
GST/HST and QST filing deadlines for financial institutions
GST/HST and QST registrants that are financial institutions may be required to file a GST 111 – Financial Institution Annual Information Return. Those that are also selected listed financial institutions (SLFIs) are required to file an SLFI return.
Sameer Noormohamed Dec 4, 2019
Business advisory services Audit and accounting Private enterprise Cross border and international Tax advisory
Canadians doing business in the U.S.
​With the economy in Alberta the way it is, it is no surprise that oilfield workers are searching for business opportunities south of the border. But they and any other Canadians seeking to establish their business in the U.S. may not realize that there can be a lot of red tape to deal with. Proper planning is key before entering into this type of venture.
Shelley Smith Nov 20, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
Not an advantage is advantageous: investment fees paid outside registered plans
For almost three years, investors and their advisors were in a state of uncertainty concerning investment management fees paid outside of RRSP, RRIF and TFSA accounts (collectively “registered plans”).
Constantina Gomatos Nov 14, 2019
Business advisory services Audit and accounting Private enterprise Cross border and international Tax advisory
Whitepaper: Expanding your business into Canada
Your business has decided to enter the Canadian market. Congratulations, this is an important step forward! However, launching in Canada is not without its risks and complications.
Nov 5, 2019
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