Pay Attention When Paying Your Taxes Online Through Your Bank

Over the last few months many of us have had to change the way we do things as a side effect of the current COVID-19 pandemic. Included in these changes is the way we pay our income taxes: as many of us have switched to online payments instead or writing cheques or going to the […]

Investment Real Estate: transferring real estate to a corporation

Real estate owners often ask themselves if they should own investment real estate personally or through a corporation. There are certain tax consequences and factors to consider in transferring real estate to a corporation. Do you know which? Holding real estate property personally or in a corporation? Deciding to hold a real property in a […]

COVID-19 | Family Trusts Important Changes

Often, for tax planning or other purposes trusts are created, for example, to own shares of private corporations. Until this year, these and other similar trusts were not required to file an annual trust tax return. As of 2021, all trusts, with a few exceptions, will be required to report the identity of all trustees, beneficiaries, and settlors of the trust.

New Measure to Cool Real Estate Market

In the 2021 federal budget, the Minister of Finance announced a new tax law will be coming in effect on January 1, 2022, regarding vacant residential properties owned by foreigners.

Is Your Enterprise Resource Planning Solution in Need of a Checkup?

In a perfect world, your enterprise resource planning (ERP) business process software system can help your companies deftly manage your operations, reporting, human resource, manufacturing and supply chain activities. However, as the needs of your business change, it may be time to take a hard look at your ERP solution to determine whether it is […]

How to Protect Yourself as the Liquidator of an Estate

Did you know that as the liquidator of an estate you have a certain amount of liability, such as legal possession of all the deceased’s property AND responsibility for the payment of all debts to the date of death, notably income tax? Once you have filed the final tax returns for the deceased what’s your […]

Help Is On The Way for Hospitality & Tourism and Other Industries

On October 21st, 2021, the Federal Government announced new programs to support the Hospitality & Tourism industry as well as other hard-hit organizations during the COVID pandemic. Here is what we know so far :  INTRODUCTION OF THE TOURISM AND HOSPITALITY RECOVERY PROGRAM (THRP) Targeted organizations Organizations in selected sectors of the hospitality & tourism […]

High-Flying Real Estate Market Catches Heirs Unprepared to Sell

The real estate market continues to amaze – record prices per square foot and a flurry of activity have Montreal in a continued selling frenzy. For families that have held real estate for decades, through 2 and 3 (or more) generations, this activity has them seeing dollar signs like never before. Older buildings with marginal […]

Learning and Adapting: For a Seamless Workplace Reintegration in the Fall

The past fifteen months have been a learning experience for us all.  A true test of resilience, patience, leadership, emotional intelligence and in running a business in extreme circumstances without a playbook, roadmap or any sort of historical reference. ANY of the latter would have helped us wade through the quagmire that has been COVID-19 […]