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Tax Planning

CRA Gift Tax in Canada: Are Family Gifts Taxable in Canada?

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Last updated: Jan. 22, 2025 
Large gifts of money and property will get CRA’s attention. Follow these tips to limit the tax burden for giver and receiver. Gifts of property among family members are common and can be very welcome for the recipient and satisfying for the giver. Although Canada has no gift tax, in some … Read more

2025 Canadian Corporate Tax Rates and Deadlines

2023 corp tax rates canada

Last updated: Jan. 9, 2025 
As we wind down another challenging year of dealing with historic inflation, the last thing you want to think about is taxes. However, with profit margins tighter than ever, this is exactly the right time to take steps to minimize your tax burden. For incorporated businesses, this starts with understanding your … Read more

7 Year-End Tax Planning Tips for Small Business Owners

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Last updated: Dec. 4, 2024 
*UPDATED FOR 2024* The calendar year may be winding down, but there’s still time to create a strategy to lower your tax bill and boost your bottom line.  1. Long-Term Tax Strategy and Business Transition Plan  If you haven’t already developed a long-term tax strategy or business transition plan, it’s … Read more