Taxation
Canadian Federal Budget 2024 Commentary
Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, unveiled the country’s 2024 federal budget
Canadian Federal Budget 2024 Commentary
April 17, 2024
Canada’s Deputy Prime Minister and Finance Minister, Chrystia Freeland, unveiled the country’s 2024 federal budget on April 16, 2024. This budget centers around critical tax
Canadians Considering Buying U.S. Investment Property
April 8, 2024
In recent years, Canadians have been bullish on the real estate market south of the border. Whether U.S. property is purchased for rental or strictly
Proposed Changes to the Underused Housing Tax
March 19, 2024
The government introduced a national, annual 1% tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or
2023 Personal Tax Planning Tips
March 7, 2024
Welcome to tax season! It’s time to prepare for filing your 2023 tax return. To help you get organized, we’ve put together a checklist to
Due Diligence: An Overview
February 27, 2024
Due Diligence (“DD”) is a critical step in the process of purchasing a business. It typically involves procedures to assess the Quality of Earnings (“QoE”),
Vacant Home Tax: Reminder for Toronto homeowners
February 20, 2024
In 2022, the Vacant Home Tax (the “VHT”) went into force to levy tax on residential properties in Toronto that are considered vacant. The newly
Sale to a Strategic Buyer
December 5, 2023
In previous posts on the topic of succession planning, we highlighted transition options available to owners looking to sell their business. These links can be found below. This article will discuss what a strategic buyer is, along with the advantages and disadvantages of selling to this type of buyer. A strategic buyer typically operates in the same industry as the business that is for sale (the “target”). Strategic buyers can be competitors, customers, or suppliers of the target, and they
CEBA Loan Repayment
November 28, 2023
The CEBA loan repayment deadline of January 18, 2024 is fast approaching. All businesses that took advantage of the funding, which included a forgivable portion of up to $20,000 of the loan, should budget accordingly to repay the loan. Failure to repay the loan by the deadline will result in forgoing the forgivable portion. Loan Forgiveness and Extended Deadline Repaying the balance of the loan on or before January 18, 2024 will result in loan forgiveness of up to $20,000.
Bust-Out Scheme
November 7, 2023
White-collar crime can include a myriad of schemes, but one particularly insidious method is the “Bust Out” scheme. The plot operates with the intent of taking control of target businesses, financial institutions, or retail establishments, and exploiting them for financial gain to the point of causing bankruptcy, while leaving a disastrous trail in their wake.
