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Strategic Tax Planning in Light of Deans Knight: Navigating High-Net-Worth Family Business Taxation with Expertise and Foresight

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…

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Adapting to the New Trust Reporting Regulations: A Strategic Guide for High Net Worth Families with Family Owned Enterprises

For high-net-worth individuals and families running family-owned enterprises, managing wealth and legacy involves not just strategic business decisions but also astute compliance with evolving tax regulations. The recent changes in Canada's trust reporting rules necessitate a proactive approach to ensure…

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Navigating the Property Tax Hike: Strategic Insights for High-Net-Worth Families and Family-Owned Enterprises

In an economic climate where inflationary pressures are already squeezing margins, Toronto's proposed 10.5% property tax increase adds another layer of complexity for high-net-worth families and family-owned enterprises. Let's unpack the ramifications of this fiscal move and explore strategies to…

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Maximizing Tax Savings through Corporate Reorganization: Insights for Family-Owned Enterprises in Canada

Understanding the Power of Corporate Reorganization As an entrepreneur of a family-owned enterprise in Canada, navigating the complex world of taxation can often seem daunting. However, with strategic planning, particularly in corporate reorganization, significant tax savings can be achieved. This…

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