by Jason RosenTax 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 Jason RosenSpousal Rollover
Under subsection 70(5)(a) of the Income Tax Act, when a taxpayer passes away, they are deemed to sell, and re-purchase all non-depreciable, and depre...
by Jason RosenReplacement Property Rules
Replacement Property Rules – Deferring a Capital Gain Normally, if you sell a property at a higher amount than the purchase price, there will ca...
by Jason RosenRRSP Over Contributions
A Registered Retirement Savings Plan (“RRSP”) is a tax deductible way of funding your retirement. Contributions made are deductible from y...
by Jason RosenLifetime 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 Jason RosenRenting Out Your Property
If you rent out property, there are a number of expenses that may be deducted from your rental income to lower your overall tax bill. Some typical ex...
by Jason RosenAllowable 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 James PendergastSalary vs. Dividends
If you have an incorporated business you are able to pay yourself in any way you would like. There are various methods of getting money out of your co...
by Jason RosenShareholder 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 Jason Rosen