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 If you are confused about the differences between a Tax-Free Savings Account (TFSA) and a Registered Retired Savings Plan (RRSP), you are not the only one. You probably already know that [...]

Even though Canada’s residential real estate market is making strong strides, the Canadian Revenue Agency is staying on top of the situation by observing real estate sales closely. With increased [...]

When money is tight and your business funds are low, it can be tempting to look around for additional pools of money to make ends meet. However, it is crucial that you steer clear of taking money [...]

Entrepreneurs are often pioneers in the business world. Willing to take risks for their dream of owning a successful business, entrepreneurs use their passion and strong work ethic to make their [...]

On October 3, 2016, the government introduced several new changes about principal residences in Canada. From new rules for reporting the sale of your principal residence to mortgage insurance [...]

When it comes to your tax returns, the CRA holds you personally responsible for all the information disclosed on your return. Even if you hire professional tax accountants or a reputable tax [...]

If you have decided to develop a shareholder agreement for your company, there are several important issues to think about to prevent any legal or tax complications. 1. Initial Control of the [...]

Shareholder agreements are one of those business decisions that can make or possibly break a family or multiple partner business. While business partners may have the company’s best interest in [...]

Section 85 is an important part of the Income Tax Act and is designed to help business owners with their taxes. In fact, Section 85 allows businesses to transfer specific assets that have tax [...]

Buyers and sellers are quickly learning that the Canadian Revenue Agency is taking a serious look at real estate transactions in the growing Toronto and Vancouver markets. With the booming [...]