Resources & Articles
Year: 2020
There is no Replacement for a Human Planner
When you work with a financial planner you are working with an expert who provides the “human touch” – which is so much more relevant...
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CPP: When to Apply?
While the normal age to begin receiving regular CPP is 65, individuals can apply to start receiving earlier at a cost, or later for a...
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Our Summary of the Key Changes to the Construction Lien Act
The Construction Lien Act was first introduced in 1983, in an effort to protect contractors and suppliers and regulate how payments are made, to help...
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LOANS FOR VALUE: Income Splitting Tool
Special attribution rules prevent the shifting of income between certain related people (including a spouse, parent, grandparent, sibling, uncle or aunt). Consider the situation where...
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Corporate Reorganizations and Business Valuations
Tax planning can involve a long-term strategy to structure investments and business assets in a way to defer or ultimately reduce the overall taxes that...
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GST/HST on Additional Costs in Lease Agreements
The specifics of extra charges required of a lessee vary from lease agreement to lease agreement. Most lease agreements will stipulate a base rent and then...
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REAL ESTATE PROJECTS: Watch Out!
General CRA activity Over the last few years, CRA has focused on purchases and sales within the real estate sector. They are reviewing transactions for...
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Personal Real Estate Corporations: What You Need to Know
Many real estate agents watched the progress of Bill 145, Trust in Real Estate Services Act, 2020 (TRESA). Early in 2020, this Bill made its...
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CHANGES TO PAYROLL: Correcting Errors
What if I make a clerical, administrative, or system error resulting in a salary overpayment? On April 6, 2020, CRA released the updated guide RC4120...
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What Do You Want Your Estate Plan to Say About You?
Contrary to what many people believe, you don’t have to be wealthy to draft an estate plan, but if you are, having an estate plan...
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