Knowledge
Thoughts, opinions and trends – everything, all in one place.
143 result(s)
Payments to Subcontractors – What are my obligations?
August 18, 2025 – Joe from Company ABC recently received a letter from the Canada Revenue Agency (CRA) regarding missing T5018 slips for 2023, […]
Understanding Changes to Holdback Rules Under Ontario’s Construction Act
August 04, 2025 – The changes to the Construction Act, included within Bill 216, have numerous impacts to long-term construction projects. This includes improved cash flow, simplification of the holdbacks process, and corporate tax implications.
Trust 21-Year Anniversary Planning and Wind-up Considerations
May 13, 2025 – Trusts are widely used in tax planning for a variety of reasons, including their flexibility in managing and distributing assets, their ability to facilitate intergenerational wealth transfers, and their role in tax deferral and minimization strategies.
Ontario Increases Support for Manufacturers with Enhanced Ontario Made Manufacturing Investment Tax Credit
May 06, 2025 – As part of the upcoming 2025 Ontario budget, proposed changes would increase the OMMITC from a 10% to a 15% refundable tax credit for CCPCs, as well as expanding eligibility to non-Canadian-controlled private corporations as a non-refundable tax credit, designed to support and encourage their investments in Ontario.
What Is an IP Holding Company—and Should You Have One?
May 02, 2025 – Strategic and Operational Considerations of a Separate Intellectual Property Holding Company for Canadian Operating companies. For businesses built on innovation, […]
Tax Relief and Support for Businesses Affected by Tariffs
April 09, 2025 – Canadian businesses continue to be impacted by the ongoing uncertainty brought on by tariffs.
Tax Facts and Figures – December 2024
February 14, 2025 – Tax Facts and Figures is produced by Welch LLP as an information service with the understanding that it does not render accounting, legal or other professional advice.
Relief from Capital Gain Inclusion Rate Increase
February 03, 2025 – The ongoing saga of the proposed increase in the capital gains inclusion has finally come to an end – for now. Given the uncertainty created by this situation, the Department of Finance’s announcement to defer this change is welcome relief. That said, taxpayers will want to consider how this about-face impacts their particular situation, including:
Spousal Loan Arrangements – A Sophisticated Tax Planning Tool in Canada
January 23, 2025 – Among the various strategies available, spousal loan arrangements stand out as a sophisticated and legal way to reduce overall family […]
GST/HST Tax Holiday
January 03, 2025 – The proposed legislation received Royal Assent on December 12, 2024, just in time for the proposed start date of December 14, 2024. The holiday is set to end on February 15, 2025. The following items are subject to the tax holiday:
Family Trusts Could have an Unexpected Tax Liability for 2024
December 13, 2024 – Today we discuss a particular new AMT provision which may have a significant impact on a very common type of tax planning strategy – this type of planning is often referred as “prescribed rate loan” planning.
Tax tips for 2024 year-end
December 03, 2024 – As we close out 2024, now is the time to review your financial strategies and take action to reduce taxes and prepare for the year ahead. Whether you’re an individual taxpayer, business owner, or employer, the tips below will guide you through opportunities for tax savings, compliance, and financial optimization.
