The price of a family business is not the same as the wealth its owners retain. A share sale, asset sale, transfer to children, employee ownership trust or wind-up can lead to different tax and retirement outcomes. In this Tax…
The dividend was paid. The tax return was filed. The deal closed. Everyone moved on. Five years later, a CRA reassessment arrived—and with it, a tax bill no one saw coming. This is how section 55 usually enters the story…
Tax Law | Canadian Tax Planning | Foundational Jurisprudence The Duke of Westminster case is a famous tax law decision that established a simple but powerful idea: if a person follows the law as written, they are allowed to arrange…
Tax law, an intricate and ever-evolving field, plays a crucial role in the financial landscape of individuals and businesses, especially in specialized sectors like law. At Shajani CPA, we don't just crunch numbers; we provide a comprehensive suite of tax…
Imagine this: Your family-owned business, started as a small operation, has grown into a thriving enterprise. With new opportunities on the horizon, you start wondering how to protect your personal assets, reduce taxes, and position the business for future growth…
In a landmark case that reshaped tax law, The Duke of Westminster v. The Commissioners of Inland Revenue proved that even the British aristocracy wasn’t immune to the scrutiny of tax authorities. The story begins in the 1930s when His…
Expanding your family-owned business across borders can be exciting, but it also comes with complex tax rules that could impact your profits. One of the most important concepts to understand is Permanent Establishment (PE)—a term in international tax law that…
The digital economy is transforming how businesses operate worldwide, opening up new opportunities but also bringing complex tax challenges. For Canadian family-owned enterprises, the ability to sell products and services across borders through digital platforms is exciting, but it also…
Navigating the intricate world of tax law often feels like piecing together a complex puzzle. Among the myriad elements, the residency of a trust stands out as a cornerstone for tax planning and compliance. Whether you are a family-owned business…
In the realm of tax practice, ethical conduct is not just a professional obligation but a cornerstone of trust and credibility, particularly for families with family-owned enterprises in Canada. As these businesses navigate the complexities of tax laws and regulations,…