Resources & Articles

Year: 2022

Expectation of Profit
December 22nd, 2022

A July 28, 2022, Tax Court of Canada case considered whether input tax credits (ITCs) in respect of a farming operation’s expenditures were available. The...
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Estate Freeze Advantages and ConsiderationsDecember 20th, 2022

The Canadian Income Tax law states that taxpayers are deemed to dispose of all of their property at fair market value immediately prior to death. ...
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The post-pandemic evolution of office and multifamily real estateDecember 19th, 2022

(authored by RSM CANADA) Pandemic protocols such as remote work continue to redefine the future of residential and office space.
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Working Capital in Business TransactionsDecember 16th, 2022

Defining Working Capital “Working capital” is the capital of a business which is used to fund day-to-day operations and meet shortterm obligations. In its most...
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Navigating workforce challenges: What drives employee satisfaction and retention?December 14th, 2022

(authored by RSM CANADA) A new RSM survey illustrates the impressions workers have of their employers and the strategies that can attract or retain them moving forward.
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New rules for Canadian corporations earning passive incomeDecember 11th, 2022

(authored by RSM CANADA) A summary of the tax implications of earning passive income through controlled foreign affiliates due to proposed legislation.
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U.S. Federal Tax Consequences for Canadian Businesses with US OperationsDecember 8th, 2022

Background Canadian businesses continue to extend their reach into the U.S. for numerous reasons; some of which include proximity, lower corporate tax rates as a...
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DIRECTOR LIABILITY: Is Asking About Source
Deductions Enough?
December 2nd, 2022

Directors can be personally liable for payroll source deductions (CPP, EI, and income tax withholdings) and GST/HST unless they exercise due diligence to prevent the...
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The Tax Free Savings AccountNovember 28th, 2022

In 2009, the federal government introduced the Tax Free Savings Account (TFSA) to give Canadians another means to save for their financial goals.  The TFSA...
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4 Ways Nonprofits Can Drive Mission ImpactNovember 23rd, 2022

(authored by RSM CANADA) Learn four key strategies that can help nonprofit organizations enhance their effectiveness and increase their mission impact.
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