Insights

QUESTION: What are the tax considerations of transferring real estate to my adult child and then renting it back from them? ANSWER: There are a number of reasons why a parent may consider transferring real estate to an adult child and then renting [...]

QUESTION: My mother is going into a private long-term care facility and I will be paying about two thirds of the total cost. Can I include my portion as a medical expense on my tax return? ANSWER: You may be able to claim [...]

Almost every Canadian business has some connection to the U.S., whether through existing or potential customers or suppliers, or something as simple as U.S. investments held in a portfolio. One tax planning consideration that is often overlooked is the impact of U.S. estate [...]

Earlier this week on June 11th, a ‘ways and means motion’ outlining draft legislation on the capital gains inclusion rate cleared the House of Commons. First introduced in the April budget and expected to be enacted this fall, this change to Canada's tax [...]