Tax Tips and Traps Newsletter – 2nd Quarter, 2026

Kenway Mack Slusarchuk Stewart LLP Chartered Professional Accountants is pleased to provide the following income tax commentary.  This commentary does not originate from our office.  Our subscription to the commentary allows for us to distribute it to our clients. We hope you find it useful.

In this issue, topics include:

• Tax Tidbits
• Importance of Strong Internal Accounting: Gross Negligence Penalties
• Transfer of Assets to Shareholder’s Child: Shareholder Benefit
• Shareholder Benefits: Offset by Loan to Corporation?
• Individuals Buying and Selling Houses: GST/HST
• Adding Relatives to Legal Title of a Property: Beneficial Ownership
• Canada Child Benefit (CCB): Shared Custody
• Labour Mobility Deduction: Temporary Relocation Expenses

Click here to view: Tax Tips and Traps Newsletter – 2nd Quarter, 2026