Acquisition of Control
Control of a corporation is a complicated concept which has numerous tax implications. Control is most frequently determined based on who...
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info@gytdcpa.com
- Sep 20, 2022
- 2 min
Restrictive Covenants
Restrictive covenants are commonly included in agreements such as in the sale of a business. A restrictive covenant is defined as an...
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info@gytdcpa.com
- Sep 20, 2022
- 4 min
Sale of a Business
Selling your business is a significant decision and there are many financial and non-financial elements for you to consider, such as the...
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info@gytdcpa.com
- Sep 16, 2022
- 3 min
Owner-Manager Remuneration
One of the primary benefits of incorporating a business is the ability to implement an optimal remuneration strategy. The corporate...
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info@gytdcpa.com
- Sep 15, 2022
- 4 min
United States Citizens Residing in Canada
Canada and the United States share the longest land border in the world. As a result, our economies are intertwined, and individuals...
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info@gytdcpa.com
- Sep 15, 2022
- 2 min
Withholding Tax on Dividends
As the payer of the dividends, the corporation has an obligation to withhold income taxes at the applicable rate, remit these amounts to...
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info@gytdcpa.com
- Sep 7, 2022
- 3 min
Disposition of Taxable Canadian Property
As a non-resident, if you are considering selling your property located in Canada, you need to be aware of your obligations with respect...
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info@gytdcpa.com
- Aug 30, 2022
- 4 min
Maintaining Foreign Affiliate (FA) Surplus Account Balances
Absent the FAPI rules, Canada will generally only tax the profits of an FA upon a repatriation of such profits in the form of a dividend...
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info@gytdcpa.com
- Aug 30, 2022
- 4 min
T1135 Foreign Income Verification Statement
Specified Canadian entities who own specified foreign property with an aggregate cost of $100,000 or more are required to report certain...
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info@gytdcpa.com
- Aug 26, 2022
- 7 min
Non-Resident Shareholder Loan
If a Canadian Corporation “CanCo” has a loan outstanding to NR Shareholder, it’s important to know the tax consequences, if any, of this...
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info@gytdcpa.com
- Aug 26, 2022
- 3 min
Determining an Individual's Residence Status
Where do you live? This may seem like a simple question, but it has become increasingly difficult to answer in our globalized society....
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info@gytdcpa.com
- Aug 26, 2022
- 4 min
Emigrating from Canada
We live in a mobile society where people often move to a different country for a variety of reasons, such as family or work. This can be...
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info@gytdcpa.com
- Aug 25, 2022
- 2 min
Land Transfer Taxes
Purchasing property can be very costly in Canada. There are many additional taxes and fees assessed on top of the purchase price. Land...
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info@gytdcpa.com
- Aug 25, 2022
- 3 min
Voluntary Disclosure Program
Even with your best efforts to remain in compliance with your obligations as a taxpayer, there may be situations where you provide...
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info@gytdcpa.com
- Aug 25, 2022
- 2 min
GST/HST New Residential Rental Property Rebate
Are you considering purchasing a newly built residential rental property, substantially renovating a residential rental property or have...
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info@gytdcpa.com
- Aug 24, 2022
- 3 min
GST/HST New Housing Rebate
Are you considering purchasing a newly built home, substantially renovating your home, or have already done so? If so, you may be...
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info@gytdcpa.com
- Aug 24, 2022
- 1 min
GST/HST on Short-Term Rentals
As the popularity of short-term rentals such as Airbnb increases, it is important to consider the potential GST/HST implications on such...
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info@gytdcpa.com
- Aug 24, 2022
- 2 min
GST/HST on Disbursements
Charging GST/HST on disbursements and/or expenses you charge back to your client is a tricky area that can easily be done incorrectly....
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info@gytdcpa.com
- Aug 24, 2022
- 1 min
Substantiating Your ITC Claim
Claiming input tax credits (ITC) can substantially reduce the GST/HST that you are required to remit to CRA. Ensuring you have met the...
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info@gytdcpa.com
- Aug 23, 2022
- 4 min
Non-Resident Ownership of Canadian Real Property
The world we live in has become more diverse and interconnected. It is common for both humans and capital to travel across borders for a...
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