by Kendal SteeleChanges to the Lifetime Capital Gains Exemption
On July 18, 2017, Canada introduced draft legislation that, if implemented, will significantly change the way business owners and professionals pay ta...
by Kendal SteeleWhat is Taxpayer Relief?
Taxpayers aren’t perfect, and quite frequently circumstances beyond their control prevent them from meeting their tax obligations. While the Canada ...
by Kendal SteeleTax Planning Using Private Corporations – 2017 Changes
The Federal Government has announced that they are looking into making changes to what they perceive as unfair tax advantages provided to individuals ...
by Kendal SteeleMy TFSA Is Being Audited, What Should I Do?
In 2009, the tax-free savings account (TFSA) was introduced across Canada. It was meant to promote investment, and encourage everyday Canadians to sav...
by Kendal SteeleIs Your Corporation Up To Date?
Do you own a corporation? Have you updated your corporate records each year as required by the Business Corporations Act (Ontario)? Have you routinel...
by Kendal SteeleHow to Object to a Notice of Assessment or Reassessment
Every year, many taxpayers are unhappy with the Notices of Assessments they are issued. If you’re in such a position, you do not need to accept t...
by Kendal SteeleThe Importance of Shareholder Agreements
While there is no legal requirement to have a shareholders agreement under law, any corporation with more than one shareholder is well advised to obta...
by Kendal SteeleTax Scams
There are a number of scammers contacting taxpayers around Canada and scaring them into believing they owe the Canada Revenue Agency (“CRA̶...
by Kendal SteeleTax Shelters & Gifting Arrangements
A tax shelter is defined in subsection 237.1 of the Income Tax Act as an arrangement that provides a taxpayer tax benefits or deductions whi...
by Kendal Steele