President Trump's Tax Cuts and Jobs Act includes a number of measures that could result in tax increases for U.S. citizens living in Canada. Here is a brief overview …
Category: DFK Newsletter
As a shareholder of a private corporation, it is important to be aware of your options and any tax planning opportunities should you ever be in a position to …
Many people who receive dividends from a private company could see that income taxed at the top personal tax rate without the benefit of the personal tax credits.
There is the point in the life of a growing business when hiring a competent financial controller starts to make sense.
New legislative amendments have enabled the Quebec government to overhaul the existing small business deduction (“SBD”) eligibility requirements.
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.