Timing of Departure from Canada There is a number of Canadian income tax rules that should be considered and their consequences optimized to make emigration from Canada as economically effective...
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Departure tax Deemed dispositions When a person is ceasing to be a resident of Canada, a person is deemed to have disposed of certain types of property at their fair market...
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Ownership of Intellectual Property The issue of intellectual property has recently came up in a few business sale and purchase files, so that I had to look into this and...
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Acquiring Corporation - Due Diligence In connection with a potential acquisition transaction, the following materials or information relating to the target company and any subsidiaries (together, the "Company") are typically...
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Asset Acquisition- Due Diligence Business report with magnifying glass, smartphone, calculator and pen In connection with a potential acquisition transaction, the following materials or information relating to the asset are typically...
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Where to keep your records, for how long and how to request the permission to destroy them early Last blog listed all the financial records that are required to be...
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What are records and who has to keep them? This note will list financial records that CRA requires to be kept and by whom. Next one will discuss where they...
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Canada Emergency Wage Subsidy (CEWS) audits The Canada Revenue Agency’s (CRA) audits seek to find and recover any amounts paid to CEWS recipients in excess of what they were entitled...
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New Filing Requirements for Trusts Many Canadian trusts will soon have to face new enhanced reporting requirements. The new trust reporting rules apply to tax years ending after December 30,...
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Residency Determination Due to COVID-19 application of some rules are suspended, some are modified, and some get temporary exceptions. Since governments are advising against travel, many people are not where...
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