by James Gustafson | Jul 25, 2011 | Taxation, Uncategorized
Many people have heard of the idea of becoming non-resident for Canadian tax purposes. Since the Canadian tax system is based on your residency becoming a non-resident means avoiding Canadian taxes in most, but not all, situations. This blog does not address the...
by James Gustafson | Mar 2, 2011 | Uncategorized
I recently gave an interview to the CBC regarding tax breaks that I have frequently seen missed by Canadians over the years. You can see the whole article here, which also includes useful tips from well-known financial author Evelyn Jacks. Keep watching the CBC site...
by James Gustafson | Feb 13, 2011 | Accounting, Incorporation, Taxation, Uncategorized
If you have an incorporated business and pay yourself, family members or other employees a wage or dividends from your company then your company is required to file a Tslip information return to the CRA by no later than February 28th each year to report these...
by James Gustafson | Feb 8, 2011 | Taxation, Uncategorized
Spousal loans can work great in certain tax situations to shift investment income from a higher taxed spouse to a lower taxed one while also avoiding triggering the infamous “attribution rules” in the Income Tax Act. This can result in significant tax...
by James Gustafson | Jan 12, 2011 | Uncategorized
A private health services plan (PHSP) can be a great vehicle for small business owners and incorporated professionals. What is a PHSP? Simply put it is like having your own extended health plan, allowing your company to pay for and deduct your own personal medical...
