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Tax advisory
Estate applied to have filings made by taxpayer lacking mental capacity set aside
In <em>Ntakos Estate v. The Queen, </em>2018 TCC 224, a family businesss was owned by the deceased taxpayer, Anna (after her husband passed away in 1995) with two brothers-in-law through a holding corporation.
Steven Frye Feb 12, 2019
Publications-All about estates
Audit and accounting Private enterprise Tax advisory
Income from farm partnership: computation and reporting by individuals
Farm partnership tends to be the preferred choice of operating arrangement for many farm operators that stop acting as sole proprietors. Many of these farm partnerships are operated by immediate family members. As we head into the individual income tax filing season, it is the ideal time to refresh some of the key principles on computation and reporting of farm partnership income by individuals.
Feb 7, 2019
06 AR
Audit and accounting Indirect tax Tax advisory
Proposals address tax recovery on excess payments
Department of Finance introduced draft legislation on January 15, 2019 in response to errors made by the Phoenix payroll System regarding overpayments to public service employees. Although this legislative response was to deal with the aftermath of the Phoenix System, the proposal applies to both the public and private sector.
Jan 31, 2019
134 PEOPLE
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Business advisory services Audit and accounting Private enterprise Tax advisory
Family trusts: the aftermath
The last 24 months have seen a deluge of tax announcements from Ottawa with adverse impacts on private family businesses and corresponding family members. Announcements were implemented, modified and shelved, so taxpayers and advisors are still coping with the changes. Many taxpayers are understandably confused about which planning strategies remain available.
Jan 29, 2019
84 PEOPLE
Audit and accounting Private enterprise Tax advisory
Favourable tax treatment for land clearing and drainage
The tax treatment of clearing and tile drainage of agricultural land differs based on the ownership and use of the land. This article discusses the treatment under the most common scenarios. Compared to other businesses, farmers receive favourable tax treatment for these types of expenditures. 
Luther VanGilst Jan 23, 2019
28 AR
Tax advisory
Infographic: 4 paths to savings for home buyers
A surprisingly high percentage of home owners, home buyers and real estate professionals (including agents, accountants, bankers and lawyers) are unaware of the tax credits and incentives available on the purchase and renovation of homes in Canada. With that in mind, here are four of the most widely available opportunities.
Jan 15, 2019
Publications-Infographic: 4 paths to savings for home buyers
Tax advisory
Another resolution for the New Year - take advantage of the low prescribed rate
We have talked about 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 Jan 15, 2019
Publications-All about estates
Audit and accounting International Indirect tax Tax advisory
Time is running out to get caught up with the IRS
The IRS warned recently that the <a href="https://www.irs.gov/individuals/international-taxpayers/streamlined-filing-compliance-procedures" target="_blank">Streamlined Filing Compliance Procedures</a> may end. The message is clear: don’t wait any longer.
Trevor Reid Jan 14, 2019
77 PEOPLE
How to master small business financial planning
Are you constantly operating at the top of your line of credit?  Are your trade accounts payable getting bigger and older?  Are you struggling to make payroll or pay the landlord at the beginning of the month?  Are you failing to remit GST and employee source deductions because you just don’t have the cash?  If only you had a bit more money!
Jan 9, 2019
Blog Finance
Business advisory services Audit and accounting Public markets Indirect tax Tax advisory
The evolution of GST/HST and orthodontists
Orthodontists have faced difficulties in complying with the Goods and Services Tax (GST) since it was introduced on January 1, 1991.
Dec 28, 2018
04 HL
Business advisory services Audit and accounting Private enterprise International Indirect tax Tax advisory
Are you selling to U.S. customers? What the Wayfair decision means to Canadian Companies
The recent ruling of the Supreme Court of the United States in <em>South Dakota v. Wayfair, Inc.,</em> while receiving little coverage here in Canada, may have a substantial impact on how Canadian companies do business in the United States. In what may be a game changer for online retailers, the ruling has opened the door for individual states to enforce sales tax collection on sales <em>shipped</em> into their state, even where the seller has no physical presence.
Darlene Shaw Dec 20, 2018
113 AERIAL
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