Author: Kendal Steele

by Kendal Steele

Lifetime Capital Gains Exemption

The Lifetime Capital Gains Exemption (LCGE) is an incentive created by subsection 110.6 of the Income Tax Act. It allows taxpayers the opportunity to...

by Kendal Steele

Allowable Business Investment Loss

A business investment loss is a capital loss from the sale of shares of a small business corporation, or it can be a debt owed to someone by a small b...

by Kendal Steele

Shareholder Loans

A shareholder loan is money given by a corporation to a shareholder, or to someone who does not deal at arm’s length with the shareholder. If c...

by Kendal Steele

Precious Metals and GST/HST

According to subsection 123 of the Excise Tax Act, a precious metal is part of the definition of “Financial Instrument”. This is import...

by Kendal Steele

Keeping a Motor Vehicle Log

Keeping a Log Taxpayers must keep a logbook if they only have one motor vehicle and operate that same vehicle for business and personal use. This is...