by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction In planning for corporate restructurings, we often advise our clients on the need to ensure that they receive the full current value of their shareholdings before issuing new shares to family members. A transfer of future growth is easily...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Overview No two family scenarios are the same, and this is especially true when it comes to moderate or very wealthy families. Your wealth may come from a successful business, an inheritance, a wise investment or other sources. You may have children or others, who...
by Joseph Truscott | Jan 6, 2020 | Taxation Articles by Joe Truscott
Introduction In the Province of Ontario, if you are an employer, you can be sure to have a visit from a field auditor from the Workplace Safety and Insurance Board (WSIB). The WSIB has made it part of its initiative to audit most business organizations to ensure that...
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...
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