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Company Shares and Selling to Family

Company Shares and Selling to Family

Company Shares & Capital Gains Typically, selling company shares will result in a capital gain, only one-half of which will be subject to tax under current tax rules. If they are shares of a private corporation that meet certain criteria, you could also...
Canada Recovery Hiring Program

Canada Recovery Hiring Program

Canada Recovery Hiring Program The Federal Budget 2021 introduced the new Canada Recovery Hiring Program to provide eligible employers with a subsidy of up to 50 per cent on the incremental remuneration paid to eligible employees between June 6, 2021, and November 20,...
Exploring Cryptocurrency Taxation

Exploring Cryptocurrency Taxation

Cryptocurrency Taxation Cryptocurrency taxation occurs because it is a type of alternative currency, such as Bitcoin, but it is not considered money or currency (“legal tender”). It is a digital asset that works as a medium of exchange for goods and services between...
Home Buyer’s Plan

Home Buyer’s Plan

The Home Buyer’s Plan & Tax Savings The Home Buyer’s Plan is a program that allows you to take a tax free, lump-sum withdrawal from your RRSP to buy or build a home for yourself or for a related person with a disability. Withdrawals of up to $35 000 can be...
Vehicle Deduction Limits, Benefits & Taxes

Vehicle Deduction Limits, Benefits & Taxes

2021 Vehicle Deduction Limits, Benefits & Tax Updates This year’s tax return might be a little different depending on how your industry was affected by COVID. There were many changes which created hurdles for both employers and employees. As a result,...