Amalgamating Effectively — An Expert Accountant’s Advice
An amalgamation is when two or more separate corporations combine and carry forward as one single corporation, and it can have several different purposes beyond
October 27, 2020
An amalgamation is when two or more separate corporations combine and carry forward as one single corporation, and it can have several different purposes beyond
Corporate dividends accounts (CDA) can be valuable tools in generating liquidity through tax-free savings, which can be done by using capital losses advantageously. This article
Capital dividends planning is an important tool for tax-savings and protecting shareholder relationships, but the process is more complex that its initial appearances. This article
Given the current recession, many people may have fallen on hard tax times. Experienced accountants have many tips and tricks up their sleeves to maximize
In response to the economic turmoil of COVID-19, many business have sought debt forgiveness from their creditors in an attempt to stabilize their finances. Debt
The Canada Revenue Agency (CRA) has the power to enforce a super-priority position for deemed trust liabilities, which is an issue for creditors that is
The Time Limits and Other Periods Act (COVD-19) (TLOPA) came into effect on the 27th July 2020. Respecting the timelines under the Income Tax Act
On 20th July 2020, The U.S Treasury Department and the Internal Revenue Service (“IRS”) released finalized regulations for the global intangible low-taxed income (GILTI) high-tax
There are many different means for employers to provide tax-effective compensation to their employees. Through this tax-efficiency, employers can reward employees for good performance, compete
Canada’s income tax system is progressive, meaning tax rates increase alongside taxpayer’s earnings. Households can minimize their overall taxes by dividing income rates between family
Under Bill C-20, the Canada Emergency Wage Subsidy program (CEWS) is extended until November 21st 2020. This new bill will result in considerable changes to
Are Shareholder Benefits Taxable in Canada? Shareholder benefits are taxable under subsection 15(1) of the Income Tax Act. But what counts as a shareholder benefit?