Update on Tokenized Real Estate Activity
Written by Dan Natale, Partner from SEGAL LLP, for the Canadian Overview of Q1 2022. A newsletter published by Canadian member firms of Moore North America. This article about Real Estate Tokenization is part of our mission to become partner of your …
Temporary relief for employee automobile benefits for the 2020 and 2021 taxation years due to COVID-19
On December 21, 2020, the Department of Finance Canada released a backgrounder and draft legislation to provide temporary relief in respect of employee automobile benefits for the 2020 and 2021 taxation years due to the impact of COVID-19. …
Common issues in waterfall calculations in commercial real estate
Real Estate Professionals (the “Sponsor”) commonly create Real Estate LP/GP Structures the acquisition of real estate assets and structure these acquisitions with multiple provide investors (“Investor”) with an opportunity to invest in large real estate otherwise do on their own. The Sponsors …
Some GST and HST quirks you might need to know (part 1)
Here is part one of a dozen unusual GST and HST rules from the Excise Tax Act (ETA)— some less well-known than others — that might affect your business. Note that while the GST and HST are administered by the CRA across …
New GST registration requirement for non-residents, vendors and digital platforms
In its 2020 Fall economic statement, the Government of Canada proposed new GST/HST measures for Foreign-based vendors: • GST/HST on Cross-Border Digital Products and Cross-Border services; • GST/HST on Goods Supplied through Fulfillment Warehouses; • GST/HST on Platform-based Short-Term Accommodation. These changes are proposed to be …
Employee home office expenses – New rules for 2020
In light of Covid-19 many employees have been required to work from home for a large portion of the 2020 calendar year. As such, new streamlined rules apply for the 2020 taxation year that will allow individuals working from home to claim …
Changes to trust reporting rules
In order “to improve the collection of beneficial ownership information with respect to trusts and to help the Canada Revenue Agency (the “CRA”) assess the tax liability for trusts and its beneficiaries” the CRA has come out with Draft legislation for new …
Personal Real Estate Corporations (“PRECs”)
Are you in the real estate industry who is interested in reducing your current taxes? Have you considered using the profit from your business for other investment purposes? If so, incorporation may be right for you. …
Employee Home Office Expenses
In light of Covid-19, many employees have had to work from home for a large portion of the 2020 calendar year. Therefore, there is the possibility for employees to claim a home office deduction in calculating their 2020 personal taxes. …
Managing Transfer Pricing Risks and Their Impact in Uncertain Times
The world as we know has and continued to rapidly change because of COVID-19 and the ongoing political developments such as the upcoming elections in the United States (US), the United Kingdom’s (UK) impending exit from the European Union (BREXIT), trade wars …
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