by admin | Sep 13, 2016 | Tax tips
In British Columbia, the provincial government has imposed 15% property transfer tax on foreign real estate buyers in Metro Vancouver. Local government strongly believe that “this tax would limit demand, making housing more affordable in Metro Vancouver.” While in...
by admin | Aug 16, 2016 | Tax tips
It is common that a lot of taxpayers make mistakes on their income tax returns. The Canada Revenue Agency (” CRA”) conducts its audit program periodically to determine base levels of compliance through the tax return database and has identified common...
by admin | Aug 7, 2016 | Tax tips
Tony Melman, an ex-managing director of a well-known Canadian private equity firm, has been found guilty in tax court for omitting $18.9 million of taxable dividend income in 2007 taxation year. Gross negligence penalties has been imposed due to such huge omission....
by admin | Jul 16, 2016 | Tax tips
In the previous blog, we talked about the tax implication on claiming CCA on the rental property and time value for the tax savings. As situations may vary from individuals, all factors should be carefully taken into consideration before a decision is made. One of the...
by admin | Jun 21, 2016 | Tax tips
Yeah! It is a wedding season.Brides and grooms are busy planning the wedding ceremony and reception. These days, as Wedding reception venue booking gets more expensive, family financial support becomes critical in the process for a lot of newlyweds.Generally, those...
by admin | Jun 7, 2016 | Tax tips
Plan your tax before the income tax time. It’s always beneficial for individuals to think through lots of issues before nailing down the property investment transactions. Today, investing a rental property becomes a hot topic conversation these days. But is it...
Recent Comments