Tax Ticklers
Taxable Benefit: Parking Pass
Property Flipping: Income or Capital?
Unclaimed Bank Deposits or Property: Could Christmas Come Early?
Protecting Your Tax Information: Comments from CRA
Loan From A Sibling’s Corporation: Is It Taxable?
Employment Expenses: Commuting?
Trusts For Disabled Beneficiaries: Good News!
Blog | Tax
Tax Tips & Traps – 3rd Quarter – Issue 127
Tax Ticklers
Special Work Site Allowance: Home Base Needed
Reimbursement for Work Clothing: Taxable
Zero-Emission Vehicles: Personal and Corporate Incentives
Anxiety, Depression & Phobias: Disability Tax Credit
Workers Compensation: Replacement Payouts by Employer
Demand For Client Information: CRA’s Abilities
Tracking of Ownership Information Changes: Canada Business Corporations Act
Tax Tips & Traps – 2nd Quarter – Issue 126
Tax Ticklers
Home Buyers’ Plan (HBP): Enhanced Possibilities
First-Time Home Buyer Incentive: New Possibility
Sauna & Hydrotherapy Pool: Medical Expense Tax Credit
Video Legacy: What Message Am I Leaving?
Old Age Security (OAS) Deferral: Opting Out Retroactively
GST/HST New Housing Rebate: Meeting The Conditions
Shared Custody Of A Child: The “Equal or Near Equal” Issue
Tax Tips & Traps 1st Quarter – Issue 125
Highlights:
Tax Ticklers
Childcare Costs: Art, Sport and Educational Camps
Travel Expenses: Home to Work Site
Hacked Customer Data: Federal Reporting Requirements
Accelerated Depreciation: Federal Fall Economic Update Changes
Federal Carbon Tax: Costs and Rebates
Canada Pension Plan (CPP) Changes: Costs and Benefits are Increasing
Tax Tips and Traps Issue 125 – 1st Quarter 2019
Year-End Tax Planning & 2018 Personal Income Tax Return Checklist
Please review the year-end tax planning document below for tips.
The 2018 personal income tax return checklist has valuable information for all clients.
2018 Personal Income Tax Return Checklist
2018 Federal Fall Economic Statement “Investing in Middle Class Jobs”
The Federal Government released the Fall Economic Statement including certain tax measures to increase the write off for capital assets acquired. Full details are included in the following attachment:
2018 – Federal economic update – November 21, 2018
2018 Ontario Economic Outlook and Fiscal Review
Tax information included in the information released by the Ontario Government November 15, 2018 can be found in the following document:
Tax Tips & Traps 4th Quarter – Issue 124
Highlights:
Tax Ticklers
Retaining Employment Insurance (EI) Benefits: Starting Part-Time Work
Director’s Liability: Helping Out Family
Tax On Split Income (TOSI): Can I Take a Salary Instead of a Dividend?
Active Business vs. Property Income: Music Royalties
Contractor vs. Employee: Agreement on Contractor Status Is Not Enough
Divorce Settlement: Family Business
Tax Tips & Traps 3rd Quarter – Issue 123
Highlights:
Tax Ticklers
Subsidized Meals: Are They a Taxable Benefit?
Employer-Sponsored Social Events: After the Party
Personal Use of Business Aircraft: How Big of a Taxable Benefit Is It?
Directors: Can They Be Liable for Corporate Income Taxes?
Interest on Delinquent Accounts: Proper Disclosure on Legal Documents
Donation Receipts: How Complete is Complete?
Interest Deductibility: Returns of Capital
Input Tax Credits: Making Timely Claims
Tax Tips & Traps 2nd Quarter 2018 – Issue 122
Highlights:
Tax Ticklers
Digital Currency: Basics and Tax Implications
Family Members: Can I Pay Them a Salary?
Corporate Passive Investment Income: Proposed Changes
Reasonable Automobile Allowances: GST/HST Claim
Construction Activities: Reporting Obligations for Subcontractors
U.S. Citizens: Risks of Tax Non-Compliance
CRA Mobile Phone Apps: Individuals and Businesses