Newsletters
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In This Issue:
ENHANCING THE VALUE OF OWNER-MANAGED BUSINESS: Starting the Transition Early
SALARIES TO FAMILY MEMBERS: Amounts Paid Must be Traceable
DIRECTOR LIABILITY: Properly Resigning
PROVIDING SUPPLIES TO YOUR CONTRACTORS: GST/HST Issues
LIFE INSURANCE POLICIES: Using Tracking Shares
WITHDRAWING FROM FAMILY RESPs: Flexible Planning Possibilities
HOLDING DIGITAL ASSETS IN RRSPs: Pitfalls and Possibilities
WORKSPACE IN HOME CLAIMS: CRA Reviews
Buying and Selling a Home: Budget 2022 Proposals
The 2022 Federal Budget included several proposals that would significantly change the taxation environment when buying and selling a home. Broadly, the government proposed various
Enhancing the Value of Owner-Managed Business: Starting the Transition Early
Many owner-managers are shocked at both the difficulties in finding a buyer for their business and the low prices an owner-managed business often commands. A
Canada Emergency Response Benefit (CERB): Repayments
Self-employed individuals whose net self-employment income was less than $5,000 will not be required to repay CERB, as long as their gross self-employment income was
Covid-19 Medical Expenses: Tax Treatment
Medical expenses eligible for a personal tax credit are limited to those specifically provided for by the Income Tax Act. While an expense may clearly relate to an
Travel Allowances: Limited Distance Covered
In a March 5, 2021 French Technical Interpretation, CRA commented on whether a travel allowance paid to employees on a per kilometre basis, but only
CRA Collections: Potential Impact on Business
Photo by cottonbro from Pexels As some businesses struggle with cash flow, they may be motivated to prioritize suppliers and other creditors ahead of CRA. A recent court