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,…
Navigating the complex world of tax law can be daunting, but mastering statutory interpretation makes it manageable and even rewarding. Statutory interpretation is the process of deciphering the meaning of laws enacted by the government. In tax law, where the…
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…
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…
Introduction 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…
Introduction: Mastering the Art of Mergers and Acquisitions for High-Net-Worth Family Enterprises Mergers and Acquisitions (M&A) are pivotal events in the lifecycle of any business, more so for family-owned enterprises where the stakes extend beyond the balance sheet. These transactions…
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…