Knowledge
Thoughts, opinions and trends – everything, all in one place.
32 result(s)
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.
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:
HOOPP for Incorporated Doctors – Some Non-Financial Considerations
February 03, 2025 – As I noted before, the decision to join HOOPP involves more than just evaluating the financial benefits (see our January Blog). While the financial aspects are crucial, there are several non-financial factors that you should consider:
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.
Navigating Canadian Taxes for Non-Residents Owning Real Property: An Overview
November 11, 2024 – In recent years, Canada has established itself as an attractive destination for foreign investors looking to invest in real estate. However, navigating the complexities of Canadian tax laws can be a daunting task.
U.S. Estate Tax for Non-U.S. Persons
September 12, 2024 – Under U.S Tax law, U.S citizens are subject to estate taxation with respect to their worldwide assets, regardless of whether they are residents of the U.S on passing. Certain deceased non-residents of the U.S are subject to U.S estate taxation in respect to their U.S situated assets, and these include:
New Clean Technology Investment Tax Credit
September 12, 2024 – The CTITC is a refundable tax credit available to taxpayers that make eligible investments in clean technology property that become available for use between March 28, 2023 and December 31, 2025. The credit varies depending on a variety of factors described below but can equate to as much as 30% of the cost of qualifying assets.
Let’s Talk Capital Gains! Jim on the Hardlines Podcast
July 23, 2024 – Jim speaks with Hardlines Editor Steve Payne about the implications of the Capital Gains tax, with a few examples on what some business owners could do in response to these recent changes.
Holding Companies and the Cost of Foreign Dividends
March 11, 2024 – In the case of investment income earned through a corporation, there is a tax cost once the corporation pays its after-tax income out to shareholders as dividends, as follows:
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