In the case of Fundy Settlement v. Canada, the Supreme Court of Canada decided that two trusts were considered residents of Canada for tax purposes because their main business decisions were made by beneficiaries living in Canada, even though the…
The case of Canada (Minister of Citizenship and Immigration) v. Vavilov is a landmark decision by the Supreme Court of Canada that redefined how courts should review decisions made by government agencies. Alexander Vavilov, born in Canada to parents who…
Administrative law is the backbone of how government agencies like the Canada Revenue Agency (CRA) interact with businesses and individuals. Understanding administrative law is essential for family-owned enterprises in Canada to navigate the complexities of tax compliance and effectively challenge…
Receiving a tax audit notice from the Canada Revenue Agency (CRA) can be a stressful experience, especially for families with family-owned enterprises. However, with the right approach and professional guidance, you can navigate this process smoothly and favorably. Here’s a…
In the world of Canadian family businesses, planning for the future is not just a strategy; it's a necessity. Among the most effective ways to prepare for a smooth and tax-efficient transfer of business ownership is through an estate freeze.…
In the intricate world of tax planning, understanding the nuances of capital gains exemptions is not just beneficial—it's essential. For family-owned enterprises, the Lifetime Capital Gains Exemption (LCGE) stands out as a particularly valuable tool. This exemption can significantly reduce…
In the intricate world of tax planning and corporate organization, I've observed firsthand the profound influence strategic corporate organizations can wield over businesses' financial health and tax efficiency, particularly within family-owned enterprises in Canada. Today, I invite you to explore…
In the intricate tapestry of family-owned enterprises, where ambitions are nurtured and legacies are woven, one vital thread often overlooked is estate planning. As a seasoned tax expert specializing in serving families with businesses rooted in Canada, I recognize the…
Capital gains crystallization is a financial strategy where individuals or businesses intentionally sell assets, like stocks or property, to realize their gains for tax purposes. By doing this, they "lock in" their gains at the current tax rate, potentially saving…
