resources for you
Inter-generational Transfers: A Summary Of The New Rules
Application of Part IV Tax to Amalgamations of Companies Owned by Trusts with Corporate Beneficiaries
Application de l’impôt de la partie IV aux fusions de sociétés détenues par des fiducies avec des sociétés bénéficiaires
Capital Gains Exemption Planning, Trusts, and the 24-Month Holding Period Rule
FAPI and TOSI Overlap: 107 Percent Tax Is Not Fair
Affiliation Election for CEWS: Private Corporation Applications
The New Passive Income SBD Grind Rules: When Do We Start? Part 2
The New Passive Income SBD Grind Rules: When Do We Start?
Corporate Partnership May Avoid the Paragraph 125(5.1)(b) Grind
The 2018 federal budget added paragraph (b) to subsection 125(5.1) to penalize certain CCPCs that earn excessive invest- ment income.
CRA Clarifies Interpretation of Tax on Split Income
Canada Revenue Agency recently addressed some specific situations regarding its administration of tax on split income (TOSI).
CPP/EI Status Rulings From CRA Could Trigger Further Examination
Many small businesses hire ‘contractors’ to assist their company to pursue various endeavours. Determining whether he or she should be properly classified for tax purposes as an employee or as a self-employed independent contractor may require further analysis from your accounting professional.
The Complexity of Assessing T1135 Penalties
A double penalty can be assessed against taxpayers who file a Form T1135 Foreign Income Verification Statement that is both late, and contains incomplete information, but only under certain circumstances, says Canada Revenue Agency.
