Intergenerational business transfers - Bill C-208 If you are a small business owner planning to sell your business to a family member, Bill C-208, approved by the Senate on June 29, 2021, will make this process easier. View article | | |
Heading South - Understanding U.S. tax residency & the Substantial Presence Test High on the list for many Canadians (including snowbirds) who are preparing to spend extended periods of time in the U.S., is making sure they look like they’re home when they’re not. Read more. | | Salary, dividends, or a combination of both? If you’re an incorporated professional or business owner, what is the best course of action when it comes to remuneration—salary, dividends, or a combination of both? Read more. |
Your aging journey Incapacity may or may not be part of your aging journey. Still, it is wise to consider some of the difficult issues surrounding any inability to look after yourself. Read more. | | Disclosing foreign property Taxpayers resident in Canada who own specified foreign property (SFP) with a cumulative cost exceeding $100,000 at any time during the year are required to disclose these details on Form T1135, Foreign Income Verification Statement. Read more. |
Are you incorporated? A common question faced by incorporated business owners is whether to save to a Tax-Free Savings Account (TFSA) or to a corporation. Read more. | | Thinking about travel? Before you plan your next vacation, here are a few factors that may shape your travel (and financial) decisions: Read more. |
Your aging journey As we grow older, we will likely be forced to examine our living situation and whether it is suitable or appropriate as our health and wellbeing needs change. Read more. | | Business ownership: The complete wealth spectrum Business management along with tax, insurance, investment, succession & estate planning shouldn’t be addressed as isolated topics. Read more. |