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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
105 PEOPLE
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
145 AERIAL
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
28 PEOPLE
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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
111 PEOPLE
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
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
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