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New trust reporting rules
The 2018 Federal Budget introduced rules that will require trusts to report additional information to the Canada Revenue Agency (CRA) annually to improve the collection of beneficial ownership information. The new rules will also require annual tax returns for trusts, where they were formerly not needed.
Feb 27, 2019
Dispute, mediation and conflict resolution Succession and estate planning
When Cash is not King?
Most people keep their cash in bank accounts. However, to my surprise, some people still don't, and for estate planning and administration purposes, this can be a real problem. 
Steven Frye Feb 26, 2019
Business advisory services Audit and accounting Private enterprise Tax advisory
Surplus stripping: Will it survive the budget?
The Department of Finance’s stance on the conversion of dividends into capital gains is well-known. On July 18, 2017, it released “Tax Planning Using Private Corporations..."
Feb 21, 2019
5 ways to mitigate the impact of the new passive investment rules
Prior to 2019, investment income did not impact a company’s ability to claim the small business deduction. 
Feb 19, 2019
B.C.’s Speculation and Vacancy Tax is here – What you need to know
The speculation and vacancy tax was introduced by the B.C. provincial government in their 2018 provincial budget.   The tax applies to residential properties (not commercial properties) and if it applies will be payable by the legal owners of the property.
Mark Sherritt Feb 19, 2019
Business advisory services Audit and accounting Private enterprise
Planning for IRC 951A - No reprieve for the GILTI
This article will provide an overview of the GILTI (Global Intangible Low-Taxed Income) rules and their implications, as well as exploring planning options that should be considered by those subject to the rules.
Todd King Feb 13, 2019
Audit and accounting Private enterprise Tax advisory
Multiple Will Planning Still Valid
In our October 2018 Tax Flash, we discussed the decision of the Ontario Superior Court in the case of Re Milne ONSC4147. 
Sarah Netley Feb 12, 2019
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
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
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
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
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