Insurance In Shareholders Agreements

An advantage of corporate ownership of life insurance is that the premiums can be funded…

Published: March 5, 2020

Last Updated: March 17, 2020

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Deductibility of Life Insurance Premiums

Canadian income tax planning may make it possible to structure the payment of life insurance…

Published: March 5, 2020

Last Updated: April 16, 2020

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Medical related expenses must be prescribed by a medical professional

For medical related expenses to be deductible for Canadian income tax purposes they must be…

Published: March 5, 2020

Last Updated: April 16, 2020

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Taxation of Retirement Allowance

If you own your own company and you are retiring to leave it for others…

Published: March 5, 2020

Last Updated: March 17, 2020

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Testamentary Trusts and Income Splitting

Income Splitting through Testamentary Trusts Eliminated It is important to note that the current graduated…

Published: March 5, 2020

Last Updated: April 11, 2020

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Pension Plan

Social Security Totalization Agreement If a Canadian is transferring to a country with which Canada…

Published: March 5, 2020

Last Updated: April 16, 2020

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Immigrating to Canada and have accrued losses on investments?

If you’re immigrating to Canada it is often advantageous to sell investments with accrued losses…

Published: March 5, 2020

Last Updated: April 16, 2020

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Rent Related Expenses

Writing off rent related expenses for home based corporation For a home based corporation to…

Published: March 5, 2020

Last Updated: April 10, 2020

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Employee Deduction of Travel Expenses for Commuting

As a general rule, you may not deduct expenses from employment income except for certain…

Published: March 5, 2020

Last Updated: November 11, 2021

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