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Using replacement property to defer capital gains on farmland
With replacement property rules, you can purchase farmland to replace a previous piece of farmland sold – as long as it’s used in the same (or a similar) business – and elect to defer any capital gain that might be incurred.
Jul 31, 2017
14 AR
Corporate finance Audit and accounting Private enterprise Tax advisory
What is a Retirement Compensation Arrangement (“RCA”)?
An RCA is a plan that is funded by contributions from employers and employees to a custodian who manages the funds. RCAs are used to fund the retirement of an employee, their loss of employment or a substantial change in the services that they provide. 
Jesse Genereaux Jul 26, 2017
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HST challenges physicians face
Many doctors work their entire career without needing to collect HST for their services, but there can be many exceptions to this rule.
Jul 24, 2017
12 PLS
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Corporate finance Audit and accounting Private enterprise
Finance targets tax planning for private corporations
On July 18, the Department of Finance released a consultation paper outlining a number of measures designed to close down various tax planning strategies currently available to owners of private corporations in Canada with hopes to halt “unfair advantages.”  The paper was accompanied by draft legislation and explanatory notes for some of the proposed measures. The Government had previously signaled its intent to change how Canadian-controlled private corporations (“CCPCs”) were taxed in its March 2017 budget. 
Jul 20, 2017
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9 ways to attract buyers for your business
Most entrepreneurs who plan to sell when exiting their business don’t think about it seriously until they are ready to sell. If you want to get the most out of your sale, you should start preparing long before you make a deal. 
Jul 17, 2017
81 PEOPLE
Small businesses, you need these financial controls
Most small business owners aren’t aware there are financial controls they should be putting in place, but if they operate a business without them, they may be vulnerable to a number of risks, including fraud and lost profits.
Jul 10, 2017
63 PEOPLE
Audit and accounting Tax advisory
CRA proposes substantial changes to Voluntary Disclosure Program
On June 9, 2017, the Canada Revenue Agency (CRA) invited public comment on a number of proposed changes to the Voluntary Disclosure Program (VDP). The changes are outlined in Draft Information Circular IC00-1R6 (applicable to income and payroll taxes) and Draft GST/HST Memorandum 16.5 (applicable to GST/HST, excise tax and certain other taxes). Information on the current VDP guidelines, the proposed changes (including downloadable versions of the draft documents) and how Canadians can provide their comments can be found by clicking <a href="https://www.canada.ca/en/revenue-agency/campaigns/consulting-canadians-voluntary-disclosures-program.html?utm_medium=Carousel" target="_blank">here</a>.
Jul 6, 2017
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Audit and accounting Tax advisory
CRA issues proposed guidelines for GST/HST voluntary disclosures
On June 9, 2017, the Canada Revenue Agency (CRA) invited public comment on a number of proposed changes to the Voluntary Disclosure Program (VDP). The changes are outlined in Draft Information Circular IC00-1R6 (applicable to income and payroll taxes), and Draft GST/HST Memorandum 16.5 (applicable to GST/HST, excise tax and certain other taxes). Information on the current VDP guidelines, the proposed changes (including downloadable versions of the draft documents) and how Canadians can provide their comments can be found by clicking <a href="https://www.canada.ca/en/revenue-agency/campaigns/consulting-canadians-voluntary-disclosures-program.html?utm_medium=Carousel" target="_blank">here</a>.
Jul 6, 2017
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Financing options for early stage tech companies
If you are trying to find financing for an early stage tech company, you’ve got three main options: government grants, equity investment, and/or bank loans.
Jul 5, 2017
49 BUIDINGS
IFRS 16 - A lessee’s perspective
A major change is underway for the accounting of leases by lessees with the introduction of IFRS 16 - Leases (“IFRS 16”) where many leases that were previously not reported on the balance sheet will now be included. These changes will have a significant impact on the financial position, earnings and EBITDA of entities, especially those that operate in capital intensive industries and use leasing as a method of financing. The new standards take effect for fiscal years beginning on or after January 1, 2019.
Jul 4, 2017
On The Mark-IFRS 16 - A lessee’s perspective
Audit and accounting Tax advisory
Understanding caregiver tax credit changes
Finance Minister Bill Morneau announced on March 22, 2017 that the federal government would simplify the existing caregiver credit, the infirm dependent credit and the family caregiver tax credit by consolidating the three credits into a new Canada Caregiver Credit.
Jun 29, 2017
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