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July 9, 2024

Expect the CRA to come knocking if you ‘hire’ your spouse to split income

Expect the CRA to come knocking if you ‘hire’ your spouse to split income Jamie Golombek: While spousal employment relationships can be legitimate, tax agency will […]
July 3, 2024

Federal Budget Commentary 2024

Federal Budget Commentary 2024 On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 – Fairness for Every […]
June 29, 2024

CRA, courts clamp down on siblings who spent company funds on personal travel

One of the benefits often cited by small-business owners is the ability to write off various expenses for tax purposes. The misconception about what can be […]
April 30, 2024

4 tax-smart investment ideas that pack a punch even with the budget changes

Ted Rechtshaffen: These strategies can help many Canadians save tax every year A lot of attention has been paid to the changes made to capital gains tax […]
April 30, 2024

FP Answers: What are the tax consequences of selling a small business to my son?

Get the value appraised before you do anything It’s important to get your business properly valued before selling it, especially if the purchaser is a close […]
April 15, 2024

Top ways to put your tax refund to work for you

Instead of spending it immediately, why not put that money to work? The majority of Canadians receive a refund each year, and all that means is […]
April 15, 2024

What to know as RRSP reporting measure takes effect

Sign up for the Globe Advisor weekly newsletter for professional financial advisors on our sign-up page. Get exclusive investment industry news and insights, the week’s top headlines, […]
April 15, 2024

A single act of courage is needed to fix Canada’s tax system, but this government won’t do it

Kim Moody: Tax reform and review needs to happen to counter the negative consequences of our tax system being tipped over Has the overall Canadian tax […]
April 6, 2024

CRA no longer requiring tax return for bare trusts this year

Canadians with bare trust arrangements, such as a co-signed mortgage or joint bank account, won’t be required to comply with new tax-reporting requirements for 2023. The Canada […]