A holding company can protect after-tax income
The Canada Revenue Agency (CRA) needs to improve service to taxpayers whose payments are misallocated, says Canada's Taxpayers' Ombudsman, Mr. J. Paul Dube.
How to help business owner clients who've used company money to finance personal expenditures.
Holding U.S. property through a corporation is no longer an effective tax strategy
Make sure you charge or pay the correct tax rates on all business transactions
If the complexity of U.S. cross-border taxes doesn’t convince you to get help, the liability factor will.
The CRA has introduced a number of tools to reduce the tax burden placed on small businesses, says the Honourable Gail Shea, minister of national revenue. “By offering improved services, we’re aiming to reduce the red tape faced by small businesses and Canadian entrepreneurs,” he said. Read: Tax tips for business owners To keep businesses […]
Almost half of Canadians have a TFSA, says a recent CIBC poll. But the problem is nearly half those holders have no plans for the money they save.
Most advisors wait until the end of the year to harvest tax losses. But by that time, the losses may have disappeared -- and the tax-planning opportunities with them.
Tax advantages of the capital gains exemption