When I tell people that I practise Asset Protection Law, they usually ask me “what is that”. So I thought I would write a simplified
Deadline for Vacant Home Tax Declaration Extended
The City of Toronto has extended the deadline until the end of February for homeowners to file their Declaration of Occupancy Status. The deadline for
Tax Consequences of Taking Shareholder Loans
If you are the shareholder of a corporation, the use of shareholder loans from your corporation can be an important tax saving or tax deferral
Shareholder benefits and the CRA
If you’re a shareholder of a Canadian corporation and you receive a benefit or advantage of any kind from that corporation that has a money
Webinar Replay: Estate Planning for the Modern Canadian
If you missed our free webinar in November, you can watch the replay now Click here to watch the webinar replay
New for 2023: The Anti-Flipping Tax
Starting in 2023 if you buy a property and sell it within the first year you will get taxed as business income on that sale.
New Tax Tips for 2023: The First Home Savings Account
Starting April 1, 2023, first-time homebuyers can take advantage of the First Home Savings Account (“FHSA”) to save for a down payment to buy their
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Toronto’s Vacant Home Tax
The City of Toronto recently implemented an annual tax on vacant residential properties. The tax is calculated at one percent of the Current Value Assessment
What are your options if you’ve lost money in the FTX collapse?
Many customers lost billions of dollars in the recent collapse of cryptocurrency exchange FTX. FTX, along with Alemeida Research and 130 affiliate companies filed for
Read MoreWhat are your options if you’ve lost money in the FTX collapse?
Offshore bank secrecy is a thing of the past
If you’ve been relying on the banking secrecy laws of offshore jurisdictions to hide your foreign assets from the Canada Revenue Agency (“CRA”) then I’ve