You never know when you’ll need a lawyer for tax issues or otherwise.  But getting access to the right lawyer and for the right price is a common problem we all face.   Long ...Read More

There are 2,400 tax auditors in the GTA. The tax collectors want your money.  So be prepared the tax man commeth and the tax man taketh… unless you are tax audit proof. What that means as ...Read More

MARRIAGE BREAKDOWN LIVING SEPARATE AND APART In the case of a marriage separation, you do not have to live in separate accommodations in order to apply for the GST credit. You just need to not be living ...Read More

Frequently we are asked about what happens to tax owed when someone goes bankrupt. The following is copied in its entirety from the income tax act. Dan White Where individual bankrupt (2) Where an individual has become a ...Read More

CRA’s focus on international taxation issues The following article from KPMG, outlining how CRA is targeting international business. For those of you who believe you will pay fewer taxes here in Canada by structuring ...Read More

The future of Canada’s income trusts - conversion or sale? Osler, Hoskin & Harcourt LLP Chris Murray, Ward Sellers and Noralee Bradley Canada August 11 2008 At their peak, income trusts in Canada were valued at over $200 billion. ...Read More

The building of a business is like building a house. It requires planning and engineering. Just as you would not build a house without professional guidance, so too should you do the same when planning ...Read More

Hi Dan, What’s your tax advice on dental and health services? I need some dental work and it’ll cost about $2,000.00. How do I expend it? E Hi E Nice to hear from you on this fine ...Read More

How long do you have to leave money in an RRSP regarding a Home Buyers Plan? There are some important rules to follow in order to make the RRSP contributions work for the Home Buyer’s Plan. ...Read More

When running your own business, there are a number of income splitting opportunities. Many of these options apply whether or not the business is incorporated. You can hire your family and pay them a salary. If ...Read More

If employment earnings include commissions, you may be able to claim certain expenses for which you have not been reimbursed. Form T2200, Declaration of Employment Conditions, must be completed, signed by the employer and submitted ...Read More

When donations are made to registered charities, copies of the receipts must accompany personal tax returns. Corporations are required to list any donations with the charity registration number. The Charity Tax Credit is based on 17% ...Read More