Today: Tuesday, September 25, 2018, 10:10 am (PST)

  • Speculation Tax

    Tax Question: What is the Speculation Tax? Facts: The 2018 budget released by the B.C. Government introduced a new tax on Real Estate effective in the 2018 tax year called ...

  • Dave Sran, BBA Hons, CPA, CGA

    GST on commercial real estate

    Tax Question: How is goods and services tax (GST) applied to commercial real estate? Facts: In real estate, the beneficial owner of the property has the responsibility to collect GST ...

  • Security requirements for non-residents

    Tax Question: Is a non-resident corporation that is registered for a Goods and Services Tax/Harmonized Sales Tax (GST/HST) account with the Canada Revenue Agency (CRA) required to send a security ...

  • Dave Sran, BBA Hons, CPA, CGA

    GST on residential real estate

    Tax Question: How is goods and services tax (GST) applied to residential real estate? Facts: In real estate, the beneficial owner of the property has the responsibility to collect GST ...

  • Dave Sran, BBA Hons, CPA, CGA

    Disposition of property by non-residents

    Tax Question: What are the tax rules for disposal of property by non-residents? Facts: If a property owned by a non-resident is sold in Canada, then it is subject to ...

  • Dave Sran, BBA Hons, CPA, CGA

    Foreign Real Estate

    Tax Question: What are the tax obligations for holding foreign real estate? Facts: If a Canadian corporation holds foreign real estate, there are certain reporting requirements: A T1135 return must be filed ...

  • Angela Hardbattle

    Flow-through of GST

    Tax Question: How does a non-resident company flow-through its goods and services tax (GST) paid on importing goods to its Canadian customers?  Facts: When a non-resident company imports goods into ...

  • Grant  Gilmour

    Difference between “SIMPLE” and “EASY”?

    Question: What is the difference between “SIMPLE” and “EASY”? Facts: This is a surprisingly tricky question. Many business people launch into projects thinking that they can achieve them quickly because ...

  • Angela Hardbattle

    Submitting an Audit Shield claim

    Tax Question: What do I need to give to Gilmour Group Chartered Professional Accountants to make an Audit Shield claim? Facts: Audit Shield is an insurance program for the cost ...

  • Work in progress for professionals

    Tax Question: What are the tax changes regarding work in progress for professionals? Facts: In previous years, under a provision in the Income Tax Act, professionals did not pay tax ...

  • Angela Hardbattle

    Corporate Director Residency Requirements

    Tax Question: Which provinces and territories allow Canadian corporations to have 100% foreign directors? And 100% foreign owners/shareholders? Facts: In Canada a corporation must have at least one director but ...

  • Grant  Gilmour

    Being late vs wrong

    Question: How can being late be more costly than being wrong? Facts: There are trade offs in taxes. Being wrong (filing on time but not having all the information to ...

  • Corporate tax rates across Canada in 2018

    Tax Question: What are the corporate income tax rates for active business income across Canada in 2018? Facts: The table below outlines the Canadian corporate income tax rates for each ...

  • Grant  Gilmour

    Can tax really be avoided?

    Question: What do they mean when they say avoid tax? Can it really be avoided or is tax just a zero sum game like accounting? Facts: The Income Tax Act ...

  • Replacement property rules

    Tax Question: What are the replacement property rules for taxation? Facts: In the normal course of business, a corporation may sell a property and purchase a replacement property. There are ...

  • Dave Sran, BBA Hons, CPA, CGA

    Change in the use of real estate

    Tax Question: What is the tax treatment for change in use of real estate? Facts: In real estate, it is common to change the use of property from income producing ...

  • Disposition of Real Estate

    Tax Question: What are the tax rules for disposition of property related to real estate? Facts: A disposition of property can be categorized as business income or as a capital ...

  • Angela Hardbattle

    Qualifying non-resident employee

    Tax Question: If I am a qualifying non-resident employer, how do I know if an employee is a qualifying non-resident employee? Facts: If you are a certified qualifying non-resident employer, ...

  • canada revenue agency

    Stiff Penalty for Missed Tax Deadline

    By Junita Thakorlal Vancouver: For millions of Canadians, the tax return deadline is a sad reminder of the hustle and grind in an increasingly complicated income tax system which Prime ...

  • Last-minute tax-filing tips

    Vancouver: The deadline to file your 2017 tax return is April 30, 2018. If you or your spouse or common-law partner are self-employed, you have until June 15 to file ...

  • Dave Sran, BBA Hons, CPA, CGA

    Capital cost allowance for real estate

    Tax Question: What tax issues arise with capital cost allowance related to real estate? Facts: Capital cost allowance (CCA) is the tax term in Canada for the deduction of amortization ...

  • Dave Sran, BBA Hons, CPA, CGA

    Tax treatment of leasehold improvements

    Tax Question: What is the tax treatment of leasehold improvements related to real estate? Facts: In real estate, property and building leases are common signed agreements between two corporations. Leasehold ...

  • Angela Hardbattle

    Qualifying non-resident employer

    Tax Question: What is a qualifying non-resident employer and how do I apply to become certified as one? Facts: A qualifying non-resident employer can be certified and thus will have ...