Taxes Payable on Death – It’s a Good Idea to Plan Your Estate
Unlike other jurisdictions, Canada and Quebec do not personally tax individuals who inherit property. Under our tax system, taxes apply to the individual’s income tax return upon death and to the estate’s tax return after that. Because of this, it is often …
Getting a Prescribed Rate Loan Could Be Favorable, Before July 1, 2022
Written by Brad Berry, CPA from Mowbrey Gil, for the Canadian Overview of Q2 2022. A newsletter published by Canadian member firms of Moore North America. This article about Prescribed rate loan is part of our mission to become partner of your …
Excerpts From a Letter to the Minister of Finance of Canada
Written by Brad Berry, CPA from Mowbrey Gil, for the Canadian Overview of Q1 2021. A newsletter published by Canadian member firms of Moore North America. This article about a Letter to the Minister of Finance of Canada is part of our mission to become partner …
Canadians employed in the U.S – are they subject to U.S taxes?
This bulletin serves to advise Canadian corporations temporarily sending employees to the United States of their U.S. tax obligations. …
Simplified process for deducting home office expenses for employees who worked from home due to the COVID-19 pandemic
The Canada Revenue Agency and Revenu Québec are making deductions for home office expenses available to more employees and simplifying the process for claiming deductions on 2020 personal income tax returns. To be eligible to use the simplified method or the expanded eligibility …
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