Thoughts, opinions and trends – everything, all in one place.
The ‘How’ and ‘Why’ of SR&ED – A Tax Court Case
August 05, 2022 – Scientific Research & Experimental Development (SR&ED) claimants have been provided with an updated set of eligibility guidelines (as of August 13th, 2021) based on the ‘how’ and ‘why’ SR&ED is conducted.
Capital Cost Allowance Immediate Expensing Rules
July 20, 2022 – On April 19, 2021, the Federal Budget had proposed to permit the expensing of the full cost of “eligible property” acquired on or after the Budget Day, provided the property is available for use before January 1, 2024.
Prescribed Rate Set to Double July 1, 2022
May 27, 2022 – With all that is going on in the world these days, it is difficult to keep up with what to do or not to do. We are here to tell you that to act now, will be to your benefit when it comes to taking advantage of a tax planning opportunity that can save you money.
For Individuals – Who has to Pay Tax Instalments?
May 17, 2022 – My personal tax filing has been simple. Historically, my total income included a T4 slip issued by Welch LLP and a nominal amount of investment income. In 2021, I had to dispose of a significant portion of my investment portfolio to fund a home renovation project.
2022 Ontario Budget Commentary
April 29, 2022 – On April 28, 2022, the Ontario government presented its 2022 Budget – Ontario’s Plan to Build. This document includes insight […]
Small Business Deduction – Some Welcome News For Growing Businesses
April 14, 2022 – Canadian-controlled private corporations (“CCPC”) are entitled to a reduced tax rate in respect of active business income earned. In Ontario, […]
Federal Budget Commentary 2022
April 08, 2022 – On April 7, 2022, the Federal Budget was released by Finance Minister Chrystia Freeland. In it are new spending plans […]
GST/HST and New Residential Rental Properties
March 02, 2022 – Builders of new residential rental properties can get caught unaware by the plethora of GST/HST rules related to the construction […]
The Capital Gains Tax Rate and its Impact on Estate Planning
February 07, 2022 – There has been much discussion in recent years about whether the capital gains inclusion rate might be increased (see the […]
Compiling Information on your Financial Statements has Changed – Are you Ready?
January 24, 2022 – Accountants across Canada are preparing their clients for a new standard for compilation engagements. Along with the new standard comes […]
Taxation of NFT
January 01, 2022 – What does NFT mean? Non-fungible token. What does “non-fungible” mean? An item that has unique characteristics that cannot be traded […]
The Capital Gains Tax Rate – Talked About a Lot, But No Change….Yet
December 07, 2021 – I have had many discussions over the last few years about a possible increase in the tax rate on capital […]
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