Many provinces across Canada offer a significant tax credit to investors in small businesses as an incentive to encourage investment in this essential part of our economy.
Month: December 2019
This tax memorandum is of interest to US citizens living abroad and is mainly directed toward US citizens living in Canada.
Accountants have been reminding their clients to maintain an auto mileage log to track the personal and business use of a vehicle, yet how many do?
As taxpayers and practitioners, many (most) of us are still uncertain about the application of TOSI in certain circumstances.
The use of an Unlimited Liability Company (“ULC”) continues to be a unique and favoured vehicle by U.S. acquirors of Canadian businesses or of U.S. businesses expanding into Canada.
Forgiveness is a noble trait, but be forewarned of the potential tax consequences that can result from such forgiveness.
In this issue, topics include 2019 year-end tax planning and 2019 remuneration.