Uncategorized Archives | S+C Partners LLP

Skip to content

Updates to the Taxation of Capital Gains

Thursday April 24, 2025

The Canada Revenue Agency (CRA) has announced several updates to the capital gain inclusion rates for this filing year. Capital Gain Inclusion Rate and Lifetime Capital Gains Exemption (LCGE) Updates On January 31, 2025, the Department of Finance announced that starting January [...]

Get our insight

2024 Personal Income Tax Updates

Friday February 28, 2025

The 2024 personal income tax filing deadline is April 30, 2025. The filing deadline for self-employed individuals and their spouses (including HST returns) is June 16, 2025 (as June 15 is a Sunday). All outstanding income tax and HST payments are due on [...]

Get our insight

What happens to a TFSA when a spouse dies?

Tuesday November 29, 2022

QUESTION: What happens to a TFSA when a spouse dies? ANSWER: In most provinces, including Ontario, there are two options if you want your spouse (or common-law partner) to inherit your tax-free savings account (TFSA): they can be named the Successor Holder, or [...]

Get our insight

Important considerations for intercorporate management fees

Sunday July 24, 2022

If you use multiple entities (corporations, trusts, partnerships) for business purposes and bill central management fees between them, there are some important things you should know. The CRA is aware that some corporations use intercorporate management fees to reduce (or eliminate) taxes by [...]

Get our insight

Should you Buy Commercial Space for your Business?

Friday January 28, 2022

One of the bigger decisions faced by most business owners is whether or not to purchase or lease their place of business. There are advantages and disadvantages associated with both, and the decision requires a lot of analysis and planning. Here are some [...]

Get our insight

Introducing our newest Client Service Partner and Associate Partners

Saturday January 1, 2022

Our newest Client Service Partner: Simon Sham Please join us in congratulating Simon Sham, CPA, CA on his promotion to Client Service Partner. Simon joined the S+C Partners team as an Associate Client Service Partner in July 2019 following several years employed as a Senior Tax [...]

Get our insight

The new Ontario Business Registry (OBR): what you need to know

Wednesday October 27, 2021

The Ontario Business Registry (OBR) was launched on October 19th, 2021. If your organization is registered, incorporated, or licensed to do business in Ontario, here is what you need to know: Overview The OBR allows businesses and not-for-profit corporations to instantly complete over [...]

Get our insight

Tax Considerations for First-Time Home Buyers

Monday September 27, 2021

With an average home price in the Greater Toronto Area of over $1 million, we are increasingly seeing parents and grandparents co-signing mortgages and helping first-time buyers with their down payments. Do first-time home buyers receiving help from family members—or pooling their resources—still [...]

Get our insight

Post-Tax Season FAQ

Tuesday May 18, 2021

With the 2020 tax season now a wrap for the majority of Canadians, we wanted to share the answers to some of the most frequently asked questions we receive post-tax season: Do I have to pay my personal tax in instalments? June 15th [...]

Get our insight

Browse by Archive