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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 [...]

Wise investors look for opportunities beyond simple gross returns. Because taxes do cut into the final net return, it is important to take investment tax rates into consideration. While most [...]

If you have ever tried doing home improvement projects on your own, you probably ran into some situations where you knew you were in over your head. For instance, painting a wall is simple [...]

With the new changes in the 2016 federal tax rates, many Canadians are trying to figure out what their particular tax rate is now. To explain what tax rate you will be paying this coming year, [...]

The CRA is ramping up their their efforts to crack down on offshore tax evasion. With some recent success in bringing in previously uncollected taxes, the CRA is currently contacting around 350 [...]

There has been a lot of talk recently about Liberals raising the taxable rate on capital gains for Canadians. Even though the Liberal party never campaigned on this particular issue, the rumours [...]