DFK Tax Digest – 2025 Issue Three
DFK Tax Digest – 2025 Issue Three Bare Trust Tax Reporting – Get Ready for 2025 Filing Season – This is an update to information previously…
DFK Tax Digest – 2025 Issue Two
DFK Tax Digest – 2025 Issue Two Understanding Opportunities and Risks in the GST/HST Public Service Bodies' Rebate – This article is intended to highlight some…
DFK Tax Digest – 2025 Issue One
DFK Tax Digest – 2025 Issue One Summary of the new Canadian Entrepreneur Incentive rules coming into place for eligible capital gains starting January 1,…
DFK Tax Digest – 2024 Issue Three
DFK Tax Digest – 2024 Issue Three The Enhancement of the GST/HST New Residential Rental Property Rebate – As part of Bill C-56 which received…
DFK Tax Digest – 2024 Issue Two
DFK Tax Digest – 2024 Issue Two EIFEL Rules May Affect Your Ability to Deduct Interest and Financing Costs Going Forward – New rules are…
2024 Federal Budget
2024 Federal Budget Commentary A. Personal Measures B. Business Measures C. International Measures D. Sales and Excise Measures E. Other Measures F. Previously Announced Measures…
Budget 2024 leaves the feds in an unenviable position
Source: CPA Canada – A slowing economy, lower revenues and high financing costs are all working in concert to create a situation where tough choices…
How to tackle the tax implications of cryptocurrency
Source: CPA Canada – Cryptocurrency doesn't fit neatly into CRA's rules. But the question remains whether the government should change the Income Tax Act to…
4 CRA-related scams to stay vigilant about this tax season
Source: CPA Canada – From false warnings of compromised accounts to the use of AI to create fake news, tax scammers keep finding new ways…
Feds slap punitive tax measure on non-compliant short-term rentals
Source: CPA Canada – The federal government is taking action by cracking down on short-term rentals, which are keeping homes for Canadians off the market.
DFK Tax Digest – 2024 Issue One
DFK Tax Digest – 2024 Issue One Changes to the Alternative Minimum Tax: What Should You Expect for 2024 and Onwards? – Please note that changes…
New trust reporting rules may impact unsuspecting Canadians
Source: CPA Canada – The broad-based requirements as part of new beneficial ownership reporting stipulations adds a new layer of complexity for tax filers.
Expert: ‘It's never too late to talk about money in a relationship’
Source: CPA Canada – Discussing finances with your partner can improve the odds of your relationship surviving. Here's how to get talking today.
Check these tax filing deadlines off your to do list
Source: CPA Canada – We answer all your questions about when to file returns for individuals and those who are self-employed.
Keeping up to date on the latest personal income tax changes
Source: CPA Canada – Here are some important updates and new provisions to keep in mind as you prepare your 2023 return.
Digging into the Underused Housing Tax Act
Source: CPA Canada – The federal government deserves some credit for trying to tax vacant homes. But its approach might have been worth a second…
The unintended consequences of Canada’s tax system
Source: CPA Canada – Changes to our tax rules should have eased the burden on individuals and small businesses. But the process has resulted in…
The First Home Savings Account (FHSA)
In 2022, the federal government introduced a new registered savings plan for first-time home-buyers called First Home Savings Account (referred to as "FHSA"). Eligible individuals…
The future of cons and frauds
Source: CPA Canada – Here are some of the schemes we can expect in 2024.
Looking at the many virtues of (fiscal) discipline
Source: CPA Canada – Governments come and go, but debt remains. All the more reason to demand better financial management from elected officials.
DFK Tax Digest 2023 Issue Four
DFK Tax Digest – 2023 Issue Four The New Trust Filing Rule Could be a Real "Bare" to Deal With – There are new reporting…
DFK Tax Digest 2023 Issue Three
DFK Tax Digest – 2023 Issue Two Budget 2023 and changes to the Alternate Minimum Tax – The AMT is a separate tax system which…
Organizations struggling with oversight over employees' mobile devices
Source: IT World Canada – A recent report found that 52 per cent of organizations do not have the budget to ensure real-time visibility over…
Transferring a family business? New tax laws coming in January
Source: CPA Canada – New rules for owners transferring their business to next generation family members or employees will soon take effect.
Challenging our financial biases can help us choose more wisely
Source: CPA Canada – With our biases causing us to sometimes make the wrong financial choices, knowing how our minds work can help us avoid…
Tax rules for family and employee business transfers released for 2024 onwards
Source: CPA Canada – Budget 2023 announced two sets of tax rules to consider where owners transfer their businesses to family members and employees. Find…
How to Sell Your Business
In the coming decade, over $2 Trillion in small business assets in Canada are expected to change hands as 76% of owners look to bow…
Limitations on Lifetime Capital Gains Exemptions
July 18, 2017 Department of Finance Draft Legislation Written By: Mecheliena Wilson CPA, CA, TEP Partner, Tax Services, Davis Martindale LLP (an Independent Member of…
Due Dates for Medical Professional Corporations
December 9, 2016 By Darren Salmond Now that your medicine professional corporation is operating you must understand when certain tax filings are due. If you…
Incorporation Process
January 22, 2016 By Darren Salmond In order to incorporate your medical practice it is always advisable to obtain advice from a public accountant and…
What is a Corporation?
October 30, 2015 By Darren Salmond As a self-employed individual any income you earn during the year will be included on your personal tax return.…
Is Incorporation Right for You?
September 3, 2015 By Darren Salmond If you are thinking of incorporating your unincorporated practice there are certain questions you should be asking yourself. Do…
