Flipped Property
If a person sold a property (residential or commercial) less than 1 year after ownership, it is considered a “flipped property”, which carries significant tax implications. ] One tax implication
October 30, 2023
If a person sold a property (residential or commercial) less than 1 year after ownership, it is considered a “flipped property”, which carries significant tax implications. ] One tax implication
Are you entering Canada for the first time and plan to reside here for more than half a year? Or are you leaving Canada to reside in another country? Here
If you own a property that has been your principal residence and now you decided to rent it out, for tax purposes it is considered a change in use of
The purpose of this article is to outlines some factors that may make it favourable for an individual who is self-employed to incorporate their business. If your business generates a
The disability tax credit (DTC) to available to someone who meets certain criteria under the Income Tax Act. The credit may also be transferred to another person in certain circumstances.
CRA may reassess the tax returns for CCPCs and individuals within three years from the sending of the notice of assessment. Returns for which this three year period have expired
The 2022 Federal Budget included several proposals that would significantly change the taxation environment when buying and selling a home. Broadly, the government proposed various incentives for first-time buyers and
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