- 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
Tax Updates
CRA Getting More Information from Trusts – Including Bare Trusts
- 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
Mandatory Capitalization of Research & Development Expenses
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.
U.S. Tax Corner: Mandatory Capitalization of Research & Development Expenses
- 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
U.S. Tax Corner: Proposed tax hikes on the wealthy
- U.S. Tax Corner: Proposed tax hikes on the wealthy
- RRSP VS. TFSA – Which is Better?
- The Capital Gain Reserve
- Flat Rate Home Office Expenses Extended
US Tax Corner
- US Tax Corner
- Should you file if you can’t pay?
- Convention Expenses
- Computer Consultants
- No Tax on Investment Income – Are you maxing out your TFSA?
Reversionary / Revocable Trusts
- Reversionary / Revocable Trusts
- Partnership Information Returns
- Child Care Expenses
- Around the Courts
Associated Corporation
- Associated Corporation
- Loans to Your Adult Children
- Standby Charge for Use of Employers Car
- Around the Courts
How Are Options Taxed?
- How Are Options Taxed?
- Donations Under Your Will or By Your Estate
- Capital Dividends
- Election For Dividends With Your Spouse
- Trusts: Allocating Income To Beneficiaries But Taxed To Trust
- Double CPP Premiums
- Around the Courts
Death and Taxes
- Death and Taxes
- Taxation of an Estate
- Election for Capital Gains Treatment for Canadian Securities