Highlights for Physicians, Residents and Medical Students

Budget 2016 proposes tax amendments that will limit the benefits of certain corporate and partnership structures which currently allow for the small business tax rate to apply to multiple instances of $500,000 of active income. This has historically been accomplished through the use of more complex structures that use a combination of multiple corporations, partnerships Read more about Highlights for Physicians, Residents and Medical Students[…]

How principal-residence tax changes will affect every Canadian homeowner

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our existing tax rules. But the changes also catch many Canadian residents who, in the past, have often inadvertently escaped paying tax on their principal residences. Read More….   Read more about How principal-residence tax changes will affect every Canadian homeowner[…]