by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction Retiring allowances, which have nothing to do with retirement, but can assist individuals losing their jobs to shelter much of their severance payments. They can also play a powerful tax-planning role in business succession planning...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction In an effort to boost hiring in trades, the federal government and some provinces offer apprenticeship-related tax credits and grants to qualified businesses and individuals. Comments Ottawa, for example, offers to businesses...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction “Certain alterations to a home or incremental construction costs may be eligible for Medical Expense Tax Credit treatment” Comments The types of expenses that may be eligible for the Medical Expense Tax Credit might surprise you. The...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Top 10 Questions to Help Assess the Effectiveness of your Succession and/or Estate Plan An effective succession or estate plan is the only way to ensure that your wealth and business transition objectives are realized in a practical and tax efficient manner. The...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction Once the Canada Revenue Agency completes an audit of a taxpayer’s taxation year, the Canada Revenue Agency may change the amount of the income tax liability of the taxpayer and may also assess penalties and interest. Once the Minister of...
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