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Your source for expert commentary and information in the fields of tax, accounting, human resources, estate planning and technology.

Is the SR&ED investment tax credit impacted by the size or location of a parent company?

Wednesday October 26, 2022

QUESTION: Our company is considering a possible acquisition in Toronto. The business in question has revenues just under $4 millon dollars (CAN) and fewer than 50 employees. If we go through with the purchase, would the fact that we are a larger company [...]
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Capital gains and cottage ownership – what you need to know

Wednesday September 28, 2022

Fall can be a busy season for cottage buying and selling. Many cottagers put their properties on the market after enjoying one last summer, and many purchasers delay their search until the fall in hopes of getting a better deal. Whether you are [...]
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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 [...]
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Should I make a Cost Plus benefit claim for son's orthodontist expenses?

Wednesday June 15, 2022

QUESTION: I am a business owner and I’m considering making a Cost Plus benefit claim for my teenage son’s orthodontist expenses of $242.00/month (approx. $7000 in total). Does this make sense from a tax perspective? ANSWER: A Cost Plus benefit claim is a [...]
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