New legislative amendments have enabled the Quebec government to overhaul the existing small business deduction (“SBD”) eligibility requirements.
Category: DFK Newsletter
To promote compliance with Canada’s tax laws, the CRA implemented the VDP to encourage taxpayers to voluntarily correct omissions in their tax filings.
On July 18th the Department of Finance announced sweeping tax change proposals related to the taxation of private corporations.
The CRA can deny paying a refund where a tax return is filed more than three years after the applicable tax year. This can result in tax consequences.
Until recently, the CRA did not require a taxpayer to report the sale of their principal residence on their income tax return.
This article provides an insight into the Canadian and U.S. penalties associated with failing to maintain contemporaneous information.
It may seem odd to see an article regarding personal tax planning right now; however, there is no better time than now to plan for next year.
The recent Federal Budget proposes changes to the tax treatment of WIP for professionals. These changes could have a large impact on tax bills.
As a self-employed physician, you will be responsible for your taxes. Make the transition from medical resident to practicing physician painless.
No one can say for sure if or when the capital gains inclusion rate will increase. Prepaying income tax could be expensive. So, what should you do?