Category: Tax

In the world of corporate finance, intercorporate dividends are a vital tool for structuring investments and optimizing tax outcomes for Canadian businesses. Whether you're running a holding company, or managing multiple subsidiaries, understanding how these dividends work can help your corporation navigate the complex landscape of tax regulations and maximize financial efficiency. What are Intercorporate…

While intercorporate dividends can be an effective tool for tax optimization during the sale of an operating business, there are several important factors and potential flaws to be aware of. These include legal, tax, and strategic considerations that could impact the outcome of the exit strategy. Let’s explore these in more detail. 1. Potential Risks…

As we enter tax season, staying informed about the latest changes can help you maximize deductions and avoid surprises. Here are the key updates for the 2024 tax year that every Canadian taxpayer should know. 1. Increase in Basic Personal Amount The Basic Personal Amount (BPA) has increased to $15,705, reducing taxable income for most…

4 minutes to read As digital currencies and assets become increasingly mainstream, understanding their tax implications is essential for investors and businesses alike. The Canada Revenue Agency (CRA) has established clear guidelines for reporting cryptocurrency transactions, and non-compliance can lead to significant penalties.

4 minutes to read Tax credits and incentives can be powerful tools to reduce tax burdens, yet many business owners and high-income earners overlook valuable opportunities beyond the basics.

4 minutes to read For Canadian expats and entrepreneurs with international business interests, tax planning can be complex. Navigating residency rules, foreign tax credits, and managing global income tax obligations requires specialized knowledge to ensure compliance and avoid double taxation.

4 minutes to read As your business expands, so do your tax considerations. Growing companies face increasingly complex tax challenges, and the right tax strategies can significantly improve cash flow, reduce liabilities, and fuel further growth.

2 minutes to read High-income earners often encounter complex tax challenges, but with the right strategies, you can effectively manage your tax burden and secure your financial future.

6 minutes to read First what you should do before buying a rental property is determine whether to register a corporation for this purpose or make a purchase as a private person. If you are able to pay for insurance when acquiring a property, the benefit from using a corporate structure will be insignificant.