The federal government has implemented a number of measures to help businesses improve cash flow so they can survive over the coming months. There are three primary categories: payroll support, financing, and deferrals of tax payments. Click here for our Newsletter to learn more.
Special attribution rules prevent the shifting of income between certain related people (including a spouse, parent, grandparent, sibling, uncle or aunt). Consider the situation where high-earning Spouse A gives investments to low-earning Spouse B so that investment income can be
General CRA activity Over the last few years, CRA has focused on purchases and sales within the real estate sector. They are reviewing transactions for several items, such as: property flips on account of income; ineligible principal residence claims; commissions