Moving manufacturing and processing (taxable income) to Yukon: This math is mathing!
I love math. I appreciate the coexistence of precision and ambiguity within math. I enjoy the patterns and randomness that present simultaneously within math. I smirk looking back at the quirky symbols and the superscripts and subscripts I once used […]
The GAAR reinforcements – What even is economic substance?
As part of its 35th anniversary celebrations, the general anti-avoidance rule is getting some renovations. New support beams are being installed and a paint job is planned as a package announced as part of the 2023 federal budget and then […]
The reasonableness of reasonable
The word “reasonable” has been part of Canadian tax lexicon for over a century. The 1917 Income War Tax Act allowed at para. 3(1)(a) a deduction in the computation of income for “such reasonable allowance as may be allowed by […]
Short-term and taxable preferred shares: Think before you dividend
Introduction Dividend sits among the group of the most pleasant words in the English language. The crescendo of the single letter syllable in the middle of the word creates a satisfying enunciation when spoken. The connotation of the receipt of […]
Multiplying the capital gains exemption: WAIT – THEY GET THE MONEY??
You’re ready to sell your business. Excellent – congratulations on building something worth buying. You’ve had one of those family trust things around for several years. Thanks for following sound tax planning advice. You’re hearing now about multiplying the lifetime […]
Don’t let your dream vacation home become a tax nightmare
Do you have your eye on a villa in Tuscany or a ski chalet in Vermont? Or do you already head south to your beach house or condo in Florida to escape the Canadian winters? Before you jump into foreign […]
Family ties: The family shareholders’ agreement
Family (however you may personally define that term) is our common societal unit globally. The family business has long been a fundamental cog of the Canadian economy. Investing in both the family and the family business by entering a shareholders’ […]
Estate freeze: The time is now
The COVID-19 pandemic is currently causing over half of the global population to be living under some form of self-isolation. Provincial and territorial government directives are properly constricting business and social activity across Canada to protect our collective health and […]
