Insights

Back by popular demand... Instead of providing a summary of 2024 tax news and updates (which can be found on the CPA Canada website) we have once again invited our Client Service Leaders to answer the question: “If you had one piece of [...]

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 [...]