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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.
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.
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Business advisory services Audit and accounting Private enterprise Tax advisory
Managing U.S. withholding tax requirements for Canadian service providers
Are you a Canadian service provider (either an individual or a corporation) performing services for a U.S. business? If so, you could be considered a foreign person to that U.S. business, and the payments you receive may be subject to a U.S. 30 per cent federal withholding tax.
Dec 12, 2019
A close-up of a blue gemstone.
Business advisory services Audit and accounting Private enterprise Tax advisory
A less taxing take on TOSI
The “kiddie tax” was introduced in 2000 to deter income splitting with minor children by enforcing taxation at the highest marginal tax rate on the income received and denying certain personal tax credits. In recent years, new legislation expanded the tax on split income (TOSI), extending beyond minor children to include certain adults as well.
Dec 10, 2019
A close-up of a blue gemstone.
Business advisory services Audit and accounting Indirect tax Tax advisory
GST/HST and QST filing deadlines for financial institutions
GST/HST and QST registrants that are financial institutions may be required to file a GST 111 – Financial Institution Annual Information Return. Those that are also selected listed financial institutions (SLFIs) are required to file an SLFI return.
Sameer Noormohamed Dec 4, 2019
A close-up of a blue gemstone.
Business advisory services Audit and accounting Private enterprise International Tax advisory
Canadians doing business in the U.S.
​With the economy in Alberta the way it is, it is no surprise that oilfield workers are searching for business opportunities south of the border. But they and any other Canadians seeking to establish their business in the U.S. may not realize that there can be a lot of red tape to deal with. Proper planning is key before entering into this type of venture.
Shelley Smith Nov 20, 2019
Turquoise waters washing up on a yellow sand beach with two people walking the coastline.
Tax advisory Succession and estate planning
Transferring wealth during your lifetime
I was reading recently that approximately $30-trillion in assets will be shifting from one generation to the next across North America in the next few decades, according to consulting firm Accenture. 
Steven Frye Nov 5, 2019
Publications-All about estates
Business advisory services Audit and accounting Private enterprise International Tax advisory
Whitepaper: Expanding your business into Canada
Your business has decided to enter the Canadian market. Congratulations, this is an important step forward! However, launching in Canada is not without its risks and complications.
Nov 5, 2019
Publications-Whitepaper: Expanding your business into Canada
Business advisory services Audit and accounting Private enterprise Tax advisory
The opportunities and pitfalls of farmland ownership
As advisors, we are often asked whether farmland should be held in a corporation or personally. The question arises often in the context of incorporating farming operations. Previous Farm Alerts discussed the merits of incorporating as a way of reducing taxes due to low corporate tax rates and deferral of personal income. It is important to consider the tax impact of current and future transactions involving the farmland to become comfortable in that decision.
John Bujold Oct 31, 2019
Green farm land with varying grass lengths creating an interesting organic pattern.
Business advisory services Audit and accounting Private enterprise Tax advisory
Charitable donations made by your corporation
As most taxpayers know, there are significant tax savings with respect to qualifying charitable donations available for amounts paid to a qualified donee. Qualified donees are organizations that can issue donation receipts, and a list of these organizations is maintained by the Canada Revenue Agency
Oct 22, 2019
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