A private member’s bill was introduced in Parliament last year proposing amendments to the Income Tax Act to alleviate these difficulties. Private member’s
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In response to the COVID-19 pandemic, employers have embraced an environment where employees work from home. With the opportunity to work from home, some
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Several measures were introduced during 2020 to help Canadians navigate the economic impacts of COVID-19. Often these measures included cash payments. This
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Prescribed rate loans can be an excellent financial planning tool and are one of the few income splitting strategies that remain for many Canadian families.
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With the end of the year fast approaching, Canadian taxpayers will want to consider all the tax planning opportunities available to them. Which year-end
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As we move toward the end of the year, we approach the season of giving. Many Canadians also increase their charitable giving during this period. However, not
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With the physical distancing measures in place due to the spread of the COVID-19 virus, many Canadians are now working from home. If working from home is new
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Canadians who are not U.S. citizens, green card holders or residents, may be surprised to learn that they too may be subject to U.S. estate tax even if they are
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Planning to renovate your home or cottage? If so, you should keep your receipts in case you ever need to support the cost base of your property. Generally
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Launched in March, the Canada Emergency Response Benefit provides workers who lost their jobs or most of their hours with $500 per week. Most employers deduct
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With COVID-19’s effect on market conditions, now could be a great time to review your investment portfolio to identify tax planning opportunities, such as tax
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