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

First-time Home Buyer Considerations

Monday November 27, 2023

High housing prices, rising mortgage rates, and overall inflation have made it extremely challenging for many Canadians to purchase their first home, especially within more competitive markets like Toronto and Vancouver. If you or someone in your family is considering the purchase of a [...]
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Tax and Financial News and Updates

Tuesday October 31, 2023

Below are some noteworthy news items and updates that may impact your tax and financial planning: Loans and Mortgages from Related Corporations The Department of Finance recently clarified their definition of what constitutes a loan being “in the ordinary course of the creditor’s [...]
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Do I need to file a UHT return if I am on legal title to a property but am not the ‘real’ owner?

Wednesday September 20, 2023

QUESTION: Do I need to file a UHT return if I am on legal title to a property but am not the ‘real’ owner? ANSWER: Short answer? Yes. Underused Housing Tax (UHT) affects private corporations, trusts, partnerships, non-citizens, residents who are not permanent [...]
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Do I need to file an Underused Housing Tax (UHT) return if I own a rental property with my spouse?

Monday September 11, 2023

QUESTION: Do I need to file an Underused Housing Tax (UHT) return if I own a rental property with my spouse? ANSWER: Short answer? Maybe. Underused Housing Tax (UHT) affects private corporations, trusts, partnerships, non-citizens, residents who are not permanent residents, and non-residents [...]
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