As we approach another tax filing season, it's crucial to stay informed about the recent changes in tax legislation, especially for families and family-owned enterprises in Canada. Tax laws are constantly evolving, making it challenging for the average person to…
Introduction In the realm of Canadian tax law, the General Anti-Avoidance Rule (GAAR) has long been a subject of debate, particularly in the context of family-owned enterprises. Traditionally, GAAR has been seen as a mechanism that, while aimed at preventing…
Introduction In the intricate landscape of corporate taxation, understanding the nuances of tax attributes like the Adjusted Cost Base (ACB) and Paid Up Capital (PUC) is crucial for tax practitioners. These concepts are not just abstract terms in the tax…
Introduction The Supreme Court of Canada's ruling in Deans Knight Income Corporation v. Her Majesty the Queen represents a landmark decision in the context of Canadian tax law, particularly relevant to high-net-worth individuals and family-owned enterprises. This decision meticulously analyzes…
Introduction In this blog, we delve into the nuances of ABIL, offering insights and strategies that align with your ambitions. Whether you're navigating investment losses or planning for future growth, our expertise is your asset. Let's explore how strategic tax…
Introduction: Mastering the T1135 for Global Investment Success This blog post is crafted to illuminate the path to T1135 compliance, imparting the wisdom we have gathered over years of specialized practice. We will navigate through what the T1135 entails, who…
Introduction In the realm of wealth and enterprise, the adage 'knowledge is power' is particularly pertinent when it comes to tax compliance and strategy. For high-net-worth families operating family-owned enterprises, the complexity of international investments brings about unique challenges, particularly…
Why Combine Your Businesses into One If you're managing multiple family businesses, combining them into one company could simplify your life. This isn't just about making your business easier to manage—it's also about saving money on taxes, merging any losses…
Introduction: Mastering Tax Strategy for Your Move Abroad As high-net-worth families consider expanding their horizons beyond Canada's borders, the journey brings with it a complex tapestry of tax considerations. Whether motivated by business opportunities, lifestyle changes, or retirement plans, the…
For entrepreneurs orchestrating multiple ventures, streamlining operations through amalgamation is a strategic move. This fusion of enterprises into a singular entity is often executed to refine corporate structures, merge losses, restructure shares, and leverage tax efficiencies. Insightful planning can convert…