News & Events

• U.S. Tax Corner: Valuable R&D Payroll Tax Credit
• Residential Property Flipping
• Investment Income Earned In A Corporation
• Guilty Until Proven Innocent?
• Charities and GST/HST
• Around the Courts

• U.S. Tax Corner: U.S. Tax Credits for Clean-energy Home Improvements
• Qualified Disability Trusts
• Gifts and Non-Arm’s Length Transfers
• Superficial Losses
• Around the Courts

Cannabis retailers in British Columbia breathed a sigh of relief when the union representing workers at the province’s only cannabis wholesaler paused its labor strike on August 31, 2022. The two-week strike completely halted the province’s cannabis supply chain, forcing many retailers to close their doors and send workers home. Other provinces have also experienced […]

• U.S. Tax Corner: Inflation Reduction Act becomes U.S. law: What are some of the tax changes?
• Starting a Home Business
• Do You Have a Large Bank Account In Another Country?
• Make Money Volunteering for a Charity
• Around the Courts

• U.S. Treasury Releases Corrections: Foreign Tax Credits
• Employee Stock Options
• The Small Business Deduction
• The General Anti-Avoidance Rule
• Working On Commission? You Can Get More Deductions Than Other Employees

• U.S. Tax Corner: Steep interest rates hikes
• Fuel Charge Credit for Farming Businesses
• Air Quality Improvement Tax Credit
• Taxation of Accounts Receivable
• Unearned Receipts in your Business
• Shareholder Loans

As the cannabis industry continues to evolve, with new product suites, consolidation of companies, and innovation in the production cycle, another innovation in sales is taking the spotlight, dubbed “farmgate.”

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• CRA Getting More Information from Trusts, Including Bare Trusts
• Must You Disclose Your Tax Planning to the CRA
• GST Or HST Between Related Corporations
• Court Cases — Why Are They Important?
• Around The Courts

Despite lobbying by many Fortune 100 companies and strong bi-partisan support to retain the deductibility of research and development (R&D) costs, 2022 brings an unexpected change for companies in the manufacturing, technology, SaaS, and life sciences industries. Those companies with significant R&D costs, including software development costs, will now be subject to mandatory capitalization, for U.S. tax purposes, as an intangible asset. This can have a significant impact on their 2022 financial statements and cash flows, as they will no longer be allowed to deduct those expenses in the year incurred.

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• U.S. Tax Corner: Mandatory Capitalization of Research & Development Expenses
• Federal Budget Highlights
• Low or No-Interest Employee Loans
• Computation of Business Profit
• 2022 Personal Tax Rates & Corporate Tax Rates