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07.08.2020 in Business, Tax

Work from home expenses

Work from home expenses As the pandemic drags on, most office workers are being asked to continue staying home. While more businesses are opening for in-person transactions, those who really…
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04.08.2020 in Business, Tax

Government updates on CERB and CECRA programs – July 31, 2020

Government updates on CERB and CECRA programs On July 31, the federal government provided updates on the Canada Emergency Response Benefit (CERB) and the Canada Emergency Commercial Rent Assistance (CECRA).…
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28.07.2020 in Business, Tax

CRA announces an extension to the payment deadline during the COVID-19.

From: Canada Revenue Agency News release July 27, 2020 The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands…
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23.07.2020 in Business, Tax

CRA’s tax audit of U.S. real estate transactions

CRA’s tax audit of U.S. real estate transactions By David Rotfleisch On June 25, Canada Revenue Agency (CRA) announced that it would carry out a tax review of six years of…
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22.07.2020 in Business, Tax

IRS Steps Up Cryptocurrency Tax Enforcement Efforts

IRS Steps Up Cryptocurrency Tax Enforcement Efforts By Marcus E. Dyer, CPA, Esq., Withum – July 20, 2020 When the first versions of cryptocurrency were formulated back in the 1980s, scant evidence…
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27.08.2019 in Business, Tax

Corporate Income Tax Rates – 2019

Corporate Income Tax Rates - 2019 The federal general (and M & P) corporate income tax rate remains 15 percent. Provincial and territorial general (and M & P) rates remained…
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22.08.2019 in Tax

How To Reduce Or Eliminate US Withholding Tax For Canadians?

How To Reduce Or Eliminate US Withholding Tax For Canadians? Have you heard of W-8BEN or W-8BEN-E? Read on to learn more. U.S. companies that make payments to non-US contractors…
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06.08.2019 in Business, Tax

2018 Budget Simplifies Passive Investment Rules

2018 Budget Simplifies Passive Investment Rule The 2018 federal budget introduced measures to simplify the new taxation regime for passive investments held inside a private corporation. These changes bring some…
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06.08.2019 in Business, Tax

Should you incorporate? Read on to find the answer.

Should you incorporate? Read on to find the answer. To incorporate or not to incorporate? The answer really depends on your particular situation, but we will cover some of the…
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20.07.2019 in Business, Tax

Exceptions to the US Residency Substantial Presence Test?

Exceptions to the US Residency Substantial Presence Test You will be considered a United States (US) resident for tax purposes if you meet the substantial presence test for the calendar…
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