Sep 30, 2024 | Chartered Accountants Toronto, Small Business Accountant, Tax Advisory
Planning for the future is a crucial aspect of managing your wealth and ensuring a smooth transition of your assets. One effective strategy to consider is an estate freeze. This financial planning tool can offer significant benefits, particularly in the Canadian... 
Nov 16, 2018 | Small Business Accounting, Tax Advisory, Toronto Chartered Accountant
Many small business owners are unfamiliar with the tax changes taking place in 2018, especially the changes related to the refundable dividend tax on hand (RDTOH). What is RDTOH? RDTOH is a tax mechanism used under the Canadian tax system that is built on the concept... 
Jul 6, 2018 | Small Business Accounting, Tax Advisory
When running a small business in Canada, most entrepreneurs are savvy enough to know that when revenues (for taxable supplies) exceed $30,000 in any four consecutive quarters, it is time to register for and collect GST/HST. This also means that you’ll need to file... 
Jun 19, 2018 | Chartered Accountants Toronto, Small Business Accounting, Tax Advisory
A major concern for Canadian small business owners has been the talk and proposals regarding revised tax rules that the government brought forward in the middle of 2017. While there was a lot of confusion, opposition and unanswered questions at the time, there have... 
Dec 16, 2016 | Tax Advisory
If you are not familiar with tax-loss selling, the concept is simple: sell the stocks that you own, which are currently at a loss position, to generate a capital loss for tax purposes. This capital loss can be used in the current period to offset capital gains,... 