Are Cryptocurrencies Subject to Sales Tax?
The use of Cryptocurrencies in Canada continues to gain popularity, but as its use cases proliferate, the regulators, including the Canada Revenue Agency (“CRA”), are struggling to provide answers for how certain…
How to Draw Money from your Corporation while Mitigating your Tax Liability
If you have been following our start-up series, you will have already planned for your moment as well as learned about corporate structure…
Trusts for Seniors
When coming up with an estate plan, we want to give as much as possible to our family and pay as little as possible in tax. This is why if you own real estate or other property and have started thinking about how…
I left my boyfriend, can I get back my contribution to his apartment??
Have you been living with someone in a common-law relationship? Do you ever imagine what would happen if things did not work out between the two of you?…
The Wonders of a Holding Company
The “Holding Company” has become like a legendary creature amongst Toronto entrepreneurs. It is poorly understood, and often used improperly. As our earlier articles have shown, the Shocking Myth believed…
5 KEY STRATEGIES TO BEAT THE DEATH TAX
Funeral service preparations, obtaining proof of death and distributing inheritances are some of the many things your loved ones have to take care of upon your death. The last thing you want them to worry about…
The Shocking Myth Believed by Most Toronto Business Owners
There is a shocking myth swirling around entrepreneurs in the City of Toronto. It appears that business owners everywhere believe that there is no point in getting legal advice until their business is huge. We don’t…
Vendor vs. Purchaser: How to get the Upper-Hand in a Commercial Real Estate Negotiation
Negotiating a commercial real estate deal is both a battle of guts and a battle of wits. The addition or subtraction of one dollar or one condition can make the difference between a good deal and a bad deal for…
When it comes to Real Estate, Giving a Gift can be Taxable
During your lifetime, you may have worked hard to save up and buy real estate, and like many people, you one day hope to leave it to your loved ones. Although there is no “gift tax” in Ontario, there are important…