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Managing your business Surplus Accounts and Foreign Affiliate Tax Traps

November 30, 2023

Canadian corporations with subsidiaries in other countries (a “foreign affiliate”) could find themselves facing a nasty surprise tax bill from

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Paresh Hemavat

featured-image Integrated tax planning Changes to the Alternative Minimum Tax: What Should You Expect for 2024 and Onwards?

November 13, 2023

Please note that changes to the Alternative Minimum Tax are expected to become effective in the beginning of 2024, but

featured-image Dental practice Should you incorporate your professional practice?

November 13, 2023

Depending on your profession, you may be eligible to have a professional incorporation in Ontario. This article details the status

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Our Most Read Articles

The most popular articles on business, healthcare and personal & family finances from the last quarter.

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Medical Expense Tax Credit – Nursing Homes vs. Retirement Homes

The federal and Ontario governments have tax credits available to taxpayers, including those paid for… Read more

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DOs and DON’Ts of Claiming Car Expenses for Business Owners

Vehicle expenses. It is one simple line on a tax return, but it can cause… Read more

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The Use of Family Trusts by Business Owners

This article provides an overview of various planning matters related to the use of a… Read more

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Planning for Death and Taxes – Incorporating Your Investments

As personal and corporate tax rates have fluctuated in recent years, incorporating investments has become… Read more

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Window Closing on Immediate Expensing Tax Incentive Program

The ‘Immediate Expensing’ tax incentive program offered by the Federal Government is coming to an… Read more

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Exploring Retirement Fund Options for Business Owners

As a business owner in Ontario looking ahead to retirement, it’s vital to understand the… Read more

Hand holding a poster What is your legacy.

Maximizing Legacy: Combining Estate Planning with the Donation of Shares in a Private Corporation

For successful business owners, donating shares in their private corporation to a registered charity can… Read more

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Business Overhead Costs: When and Where to Cut When Sales are Slowing

While talk of a recession in Canada has waned in recent months, many small and… Read more

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CRA Interest Rates: The Growing Cost of Late Tax Payments

Rising interest rates aren’t just impacting mortgage rates and other loans, they are also impacting… Read more

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