Risks of Tax Non-Compliance? Commencing January 1, 2016, the U.S. State Department was able to deny or revoke passports to U.S. citizens having a “seriously delinquent tax…
Tax Tips – Construction Activities
A July 17, 2017 Technical Interpretation examined the conditions which would require the filing of a T5018, Statement of Contract Payments. Where…
Tax Tips – Reasonable Automobile Allowances
A travel allowance paid to an employee for the use of their personal vehicle for business purposes will be non-taxable…
Tax Tips – Corporate Passive Investment Income
A new passive investment tax regime for Canadian Controlled Private Corporations (CCPCs) is proposed to apply to taxation years commencing…
Tax Tips – Family Members
Can I Pay Them a Salary? For a small business, whether operated as a corporation, proprietorship or partnership, it is…
Tax Tips – Corporations and Commissions
Commission Paid to a Corporation Any Issues? Consider the successful real estate or insurance agent, the financial product vendor, the…