Tax Alerts

Companies need business valuations for a variety of reasons -1) For the purchase or sale of a business2) For financial planning to modify a company's share structure.  3) Planning for succession, 4) Shareholder buyout,





Our firm can determine if you have an eligible claim under the government's SRED program and assist you in filing it. We provide a complete service from preparation of the technical submission to filing all necessary government documents. Determination of eligiblity is provided free upon request.

The determination of whether a person is a bona-fide sub contractor for income tax purposes is not as straightforward as it may seem. Self-employment is more than just a method of payment.

Estate planning is a lot easier a process than many think. Often a few simple steps will fend off the taxman and insure that your loved ones are adequately provided for upon your passing. Taxes can also be minimized by carefully structuring your portfolio of holdings. Given the ease of achieving these objectives, it is surprising that so few Canadians actually sit down to insure that financial matters are appropriately dealt with.

This paper addresses the issue of protecting whatever assets you have accumulated in your corporation even in the event of an unforeseen insolvency. A careful plan can put you back on your feet before you know it.

Getting a post-secondary education – or professional training – isn’t inexpensive. Tuition costs can range from as little as $5,000 per year for undergraduate studies to as much as $40,000 in tuition for a year of professional education. And those costs don’t factor in necessary expenditures on textbooks and other ancillary costs, to say nothing of general living expenses, like rent, transportation and food.

When the Canada Pension Plan was launched in the mid-1960s, both the working lives and the retirements of Canadians looked a lot different than they do in 2018. Fifty years ago, most Canadians were able to work at a single full-time job, often held that job for most or all of their working lives and, in many cases, benefitted from an employer sponsored defined benefit pension plan which guaranteed a certain level of income in retirement.

Most Canadians deal with our tax system only once a year, when preparing the annual tax return. And, while that return – the T1 Individual Income Tax Return – may be only four pages long, the information on those four pages is supported by 13 supplementary federal schedules, dealing with everything from the calculation of the tax-free gain on the sale of a principal residence to the determination of required Canada Pension Plan contributions by self-employed taxpayers.

Anyone who has ever tried to reduce their overall personal or household debt knows that doing so, no matter how disciplined one’s approach, can seem like a one step forward, two steps back proposition. It sometimes seems that, just as measurable progress is achieved in one area (an extra payment is made on the mortgage), unexpected costs in another area (a significant car repair bill) push up the level of debt elsewhere (e.g., credit card debt).

Two quarterly newsletters have been added—one dealing with personal issues, and one dealing with corporate issues.

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