BDO Partner Adam Thompson and David Elrick co-authored and addresses this in Chapter 16, ‘Tax Considerations in Buying or Selling a Business’ of the Canadian Tax Foundation’s publication: Taxation of Private Corporations and their Shareholders – 5th edition. #WeWroteTheBookOnThat
As the Ontario property tax appeal deadline approaches, we explain why it’s important to ensure your current property assessment is fair and equitable—and why you may want to consider a property...
The Department of Finance has released the next round of proposed changes to the Excessive Interest and Financing Expenses (EIFEL). Find out details of the key changes and what it means for...
Analysis and information on the 2023 Canadian Federal Budget and the potential impact to you and your business.
This article focuses on why families need to teach their children about financial literacy and also provides solutions for accomplishing this task.
Learn about the new tax-free First-time Home Savings Account (FHSA), how it works, and what to expect.
The first in our Family Office article series, we provide detailed tips and guidance on how to proactively plan for your business and wealth continuity.
The new UHT implements 1% tax on underutilized properties in Canada. Find out if your farm operation is affected.
How does the underused housing tax affect non-Canadian owners of residential property? We explain who is impacted, what exemptions are available, and how to file.
Do you plan to use your corporation to save for retirement? Learn how to structure your CCPC as a savings vehicle for yourself and your family.
This article explores the UHT filings that may need to be considered by Canadian owners who own residential real estate through a Canadian corporation, partnership or trust, but who will not owe...
With the deadline for filing income tax returns approaching, it's a good idea to be organized so you can avoid any slips and avoid facing interest or penalty charges.
Get the details on significant tax changes that may affect your 2022 income tax return and in the years following.
Understand the changes to employee taxable benefits like gift cards, awards, and events to accurately prepare T4 slips.
This article discusses common considerations for owner-manager remuneration and the various pension options.
Even with the recent price declines, real estate prices in Canada have escalated significantly over the past several years, steadily rising at a rate that was higher than wage increases.
The main advantage of a trust is that it allows you to separate the control and management of assets in the trust from its ownership.
Learn about common issues around owner-manager pay and related tax strategies.
Family trusts can create significant tax and financial advantages. Learn the income tax benefits and limitations.
Internet sales have increased a great deal, and businesses need to understand their Canadian sales tax obligations.
A variety of transaction documents are required when you sell your company. Legal due diligence is also important.
