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.
Category: DFK Newsletter
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 December 2017, the U.S. introduced tax reforms that included the introduction of the “Global Intangible Low-Taxed Income” (GILTI). Practitioners must carefully plan for the impact of this tax.
Personal taxation for families that operate a business through a Canadian Controlled Private Corporation has drastically changed since the announcement of the new TOSI rules for adults in July …
The dust has settled: Where do we stand? Chad Saikaley, GGFL partner and head of tax, was an early critic of Morneau's proposed changes to federal income tax legislation …
Canada’s economy continues to remain strong and growing. However, the country has faced several years of uncertainty, including new tax changes in the United States that may …