tax-planning Archives
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Estate Planning — Some Non-Tax Considerations
We all know that tax planning is an integral part of Estate Planning. From knowing the potential tax exposure to planning to mitigate that exposure, individuals tend to place tax planning high on the priority list. There are, however, many non-tax considerations that
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Beware of Emails and Calls Claiming to be the Canada Revenue Agency
Beware of phone calls, mail, emails, and text messages claiming to be from the CRA. In this article, we cover examples of common attempts at CRA email
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Separation and Divorce Can be Taxing in More Ways Than One
On the breakdown of a relationship, the various tax aspects of support payments, legal costs, and division of assets are not usually a main priority; however, tax should not be
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Change in Use Rules – Principal Residence and Rental Properties
A deemed disposition applies if you choose to convert a property from your principal residence to a rental property, or vice versa. This will result in a capital gain or loss on the property realized from the date of purchase until the date of the deemed
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Federal Budget Highlights 2018
Yesterday, Finance Minister Bill Morneau released his highly anticipated 2018 Federal Budget, geared towards equality, and being a more competitive, diverse, and inclusive country. GGFL's main focus is on how each budget will impact our clients and their businesses. To
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Real Estate Sale – Don’t Pay the Taxes Until You Get Paid!
You’ve sold some real estate and turned a profit. Now it’s time to report the gain to the taxman. The problem is, you took back a mortgage on the sale, haven’t been paid, and the taxes on the gain are going to come out of your
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