by admin | Oct 11, 2016 | Tax tips
Tax planning becomes more and more critical for many Canadian businesses. Simply speaking, the goal of tax planning is to maximize all the deductions available as well as defer the tax as much as you can to the future. Under the existing tax rules, a...
by admin | Oct 8, 2016 | Tax tips
A client in service industry recently launched a reward program in certain demographic areas in order to attract new customers and penetrate in the target market. What the client provided is a special one-time offer, which allows new customers to enjoy a discount of...
by admin | Sep 17, 2016 | Tax tips
If you have any questions about your tax filings and you want to call the CRA, then what should you do Here are some tips: Tip #1: be nice and polite CRA agents are human beings and they deserve respect as well. Talk to them nicely and explain the...
by admin | Sep 13, 2016 | Tax tips
In British Columbia, the provincial government has imposed 15% property transfer tax on foreign real estate buyers in Metro Vancouver. Local government strongly believe that “this tax would limit demand, making housing more affordable in Metro Vancouver.” While in...
by admin | Aug 16, 2016 | Tax tips
It is common that a lot of taxpayers make mistakes on their income tax returns. The Canada Revenue Agency (” CRA”) conducts its audit program periodically to determine base levels of compliance through the tax return database and has identified common...
by admin | Aug 7, 2016 | Tax tips
Tony Melman, an ex-managing director of a well-known Canadian private equity firm, has been found guilty in tax court for omitting $18.9 million of taxable dividend income in 2007 taxation year. Gross negligence penalties has been imposed due to such huge omission....
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