Families with more than one property will have to be more careful.
The CRA crackdown on real estate tax fraud is producing some big numbers in audit recoveries. Read: Feds close loophole on capital gains exemption The CRA’s website shows that, for the last year and a half, audit recoveries in B.C. and Ontario total more than $240 million. In B.C., $30.3 million (from 2,366 case files) […]
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Scrapping FATCA and eliminating citizenship-based taxation are also on the table.
Mackenzie Investments has four new corporate-class funds, including three balanced funds. The company is going ahead despite tax changes announced by the federal government last March, saying in a release that “corporate-class funds still offer the potential for tax-efficient growth and tax-efficient income.” As of Jan. 1, 2017, exchanging units of one corporate-class fund for […]
What happens when a shareholder does not pay enough for the benefit he received.
Is your client looking for a deal on a home? In recent weeks, finding the right digs at the right price may have been more challenging than expected. That’s because, says Royal LePage’s house price survey, the Canadian housing market continues to grow. Vancouver leads the way, with year-over-year home prices increasing by more than […]
Conservative leadership candidate and Quebec MP Maxime Bernier would pay for his plan, in part, by eliminating so-called boutique tax credits.
Current combined personal tax rates are higher than corporate rates, so there is an inherent tax incentive for business owners to incorporate.
And will the adjustments deter foreign ownership?