Tax Law
The Basics of Corporate Income Tax and Shareholders’ Dividend Tax
A corporation is a legal entity separate from its owners, the share holders, and is subject to federal and provincial income taxes (like individuals). There are...
Death Tax, Probate Tax, Estate Tax, Inheritance Tax, Wealth Tax and Final Income Taxes; which of these should we Canadians be concerned for?
Unlike some other countries in the world, Canada does not impose taxes on wealth or the value of an inheritance upon death; but in its place Canada...
BUSINESS SUCCESSION PLANNING: Passing down your business
Why plan who will take over your business now? What’s the need? It is estimated that in the next ten years just about half the number of...
CORPORATE LAW & THEORY: Examples of Share Classes (Rights & Restrictions) and Corporate Organization
Much too often I receive questions about the rights and restrictions that corporate shares carry with them, and what the concept of having different classes of...
DIRECTOR’S LIABILITY
Having regard to the wide scope of authority exercised by a company’s management (its directors and senior management officers), a broad range of duties and liabilities...
PROVINCIAL INCORPORATION: Deeper into Federal vs. Provincial
The provincial law in Ontario stipulates that a company doing business in the province should also incorporate there. Meticulously satisfying the incorporating requirements therein, along with advice...
LAND TRANSFER TAX – Avoiding the tax, Trustee to Beneficiary
A client came into see me and wanted to transfer title to his property from his parents name to his and his wife. He was concerned...
SOME BASIC REAL ESTATE TAX STRATEGIES
Proactive and preemptive tax strategizing is important when filing an income tax return. The income and excise taxation of Canadian real estate would primarily depend on...
NITTY GRITTIES OF FORMING A COMPANY
Registration is very different from incorporation. A company has to incorporate only once, but it has to register to carry on business in any and all...
