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Tax advisory
Disability Tax Credit claim: Denied on appeal
As many of you know the Disability Tax Credit (DTC) is a credit to income tax otherwise payable, available for those with a severe or prolonged impairment. It is meant to provide some relief from the additional costs and expenses incurred associated with the impairment.
Steven Frye Apr 16, 2020
Publications-All about estates
Business advisory services Succession and estate planning
Time to refreeze: Redux
The freezing of current share value so that your chosen successors can easily participate in the future growth of your enterprise is a common estate planning technique. 
Steven Frye Mar 24, 2020
Publications-All about estates
Business advisory services Audit and accounting Private enterprise Tax advisory
Supporting investment in zero-emission vehicles
The 2019 federal budget introduced two new capital cost allowance classes (class 54 and class 55) providing an accelerated write-off of 100 per cent of the purchase price for new zero-emission vehicles purchased on or after March 19, 2019, and made available for use before 2024. This accelerated write-off is to be phased out between 2024 and 2028, and the write-off of zero-emission passenger vehicles is capped at $55,000 per vehicle.
Mar 17, 2020
A close-up of a blue gemstone.
Tax advisory
Clearance certificates
An executor, as the legal representative of the estate, is required to obtain a clearance certificate before distributing property that they control. Where the executor fails to obtain a clearance certificate, they are liable for any unpaid amounts in respect of any property distributed.
Steven Frye Mar 10, 2020
Publications-All about estates
Audit and accounting International Tax advisory
U.S. citizens beware – IRS wants to know about your virtual currency
The U.S. government, along with most governments, has invested resources in understanding cryptocurrency and is developing policies to deal with virtual currency. As of today, Bitcoin still remains the most invested virtual currency on the market with a market cap of approximately $200 billion.
Mar 10, 2020
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
Tax advisory
Home Buyer's Plan and tax credits after the death of a spouse
During her marriage, a spouse inhabited a home wholly owned by her husband. He passed away and the house became an asset of the estate. Subsequent to her husband's passing, the spouse purchased a new property.
Steven Frye Feb 25, 2020
Publications-All about estates
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
Green farm land with varying grass lengths creating an interesting organic pattern.
Dispute, mediation and conflict resolution
Secret trusts
Secret and trusts are essentially trust arrangements made between a testator and a trustee, without written disclosure or agreement of the terms of the arrangement, but where an understanding exists between the parties.
Steven Frye Jan 14, 2020
Publications-All about estates
Business advisory services Private enterprise
Remote work arrangements: considerations for success
The past few decades have seen the accelerated growth of remote work arrangements, from roles traditionally performed off-site to a trendy and popular fringe benefit.
Jan 6, 2020
391 PEOPLE
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
Green farm land with varying grass lengths creating an interesting organic pattern.
Dispute, mediation and conflict resolution
Can you be removed as a Trustee without a replacement?
The recent case of Novak v. McDougall, (2019 SKQB 261), confirms that when you have accepted an appointment to be trustee, you may not be able to have yourself removed from the appointment without a suitable replacement.
Steven Frye Dec 18, 2019
Publications-All about estates
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