Insights

If you are thinking of selling your Canadian private corporation, it’s important to carefully consider the tax implications of how the transaction is structured. (abridged and updated from a 2021 Insight) There are two primary methods of selling a Canadian private corporation: a [...]

Instead of providing a summary of 2022 tax news and updates—which can be found on the CPA Canada website—we decided to ask some of our Client Service Leaders to answer the question: “If you had one piece of year-end advice for clients as [...]

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 [...]

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 [...]