Process Automation When you think of process automation you may think of long assembly lines lined with robots or complex artificial intelligence. While those are certainly valid examples, they make it hard to imagine what process automation can do for small business. Read on for a small
Read more →Planning the Principal Residence Exemption In Canada if you sell your principal residence with a gain, it is generally exempt from taxation. While most people probably already know this, there specific rules to consider. Consider the following scenario involving a change in use of a property, from
Read more →Taxation for Canadians Going to USA for Work Individuals living in Canada that have anything to do with the United States may have to address taxation in either or both countries. Their involvement may be small, such as winning some gambling money in Vegas, or they could
Read more →Death and Taxes You may have heard this phrase: “there are only two guarantees in life: death and taxes.” What’s more, many times, taxes are guaranteed upon death, especially if there is a sizeable estate. Even with a small or medium sized estate, sometimes the government gets
Read more →Taxation of Cryptocurrencies Early this year cryptocurrencies, such as bitcoin and ethereum, have blown up. Along with them, the question of taxation has also blown up. If you are not familiar with cryptocurrencies, go ahead and google the term before reading further. For simplicity, I’ll refer to
Read more →Taxation of Gifts It’s the most wonderful time of the year! It’s even a better time for the Government’s top line, as they assess more income tax on various forms of transactions which give rise to income during the holiday season, such as higher retail sales, employee
Read more →In July 2017, the Federal government announced significant changes to taxation of small businesses in Canada. In particular, small business tax planning which is perceived as providing unfair advantages to families earning business income as compared to those earning employment income. The Department of Finance announced an
Read more →Minister of Finance, the Honourable William Francis Morneau presented Budget 2017 on March 22, 2017. The theme of this budget is building a strong middle class. In this regard, Budget 2017 committed to include methods to close tax loopholes, provide tax relief to middle class, crack down
Read more →On July 18, 2017 the Canadian government’s Department of Finances released a discussion paper entitled “Tax Planning Using Private Corporations.” In it, significant changes are proposed to taxation of small business corporations and owners thereof. This paper is accompanied by draft legislation related to some of those
Read more →