Shareholder Purchasing Asset: Input Tax Credit (ITC)
December 23rd, 2024
An August 20, 2024, Tax Court of Canada case reviewed whether a corporation could claim ITCs of $8,874 […]
INSIGHTS
Trust Distributions: Violating Trust Terms
December 20th, 2024
A March 30, 2023, Tax Court of Canada case reiterated the importance of the trustee of a trust […]
Prescribed Interest Rates Fall Yet Again in January 2025: Key Tax Considerations
December 20th, 2024
The CRA is decreasing prescribed interest rates in 2025—explore the impacts on taxpayers and discover key strategies to optimize financial planning.
Fall Economic Statement 2024
December 18th, 2024
On Dec. 16, 2024, Canada released the Fall Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
Professional Corporations: Are They Still Effective?
December 12th, 2024
Background Historically, Professional Corporations (PCs) have been used by professionals as a vehicle to enjoy significant tax advantages, […]
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