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Update on Tokenized Real Estate Activity
Written by Dan Natale, Partner from SEGAL LLP, for the Canadian Overview of Q1 2022. A newsletter …
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 …
Common issues in waterfall calculations in commercial real estate
Real Estate Professionals (the “Sponsor”) commonly create Real Estate LP/GP Structures the …
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 …
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 …
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 …
Changes to trust reporting rules
In order “to improve the collection of beneficial ownership information with respect to trusts …
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 …
Personal Real Estate Corporations (“PRECs”)
Are you in the real estate industry who is interested in reducing your current taxes? Have 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 …
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 …
COVID-19: 75% Emergency Wage Subsidy
Updates of April 15, …
COVID-19: Relief for Taxpayers by the Internal Revenue Service (United States)
Due to the ongoing coronavirus pandemic, the Internal Revenue Service (“IRS”) announced that …
COVID-19: Can layoff workers … work?
Can I have EI employees working? Can I improve my worker’s EI benefits? This is what you should …
The value of cash forecasting
As we approach the next month, focusing on short and medium-term cash and liquidity management will …
COVID-19: Montreal offers support measures for its businesses
Emergency financial aid, help measures, and a hotline are now offered to Montreal …
COVID-19: Compensation Options
As an employer, you have to be informed of your rights and obligations regarding the impacts …
COVID-19: Assistance to businesses for current employee’s retention
The Federal Government has provided a temporary wage subsidy for eligible small business employers …
COVID-19: Instructions Pertaining To Records Of Employment (ROE)
You may be asked to produce records of employment (ROE) for your employees. Here are the most …
COVID-19: What you need to know about tax measures for individuals
Governments have introduced new tax measures: temporary Income Support for Workers, longer-Term …
COVID-19: Extension Of Certain Tax Deadlines (Canada & Quebec)
Revenu Québec has modified certain deadlines for tax return filing and payments, to harmonize with …
COVID-19 : Temporary Worker Aid Program
Yesterday, March 16, the government of Québec announced financial assistance for self-isolating …
Get the Right Advice for the Best Protection
Due to our great concern for the health of our colleagues, clients and partners, as well as our …
COVID-19 – Our Commitment
Due to our great concern for the health of our colleagues, clients and partners, as well as our …
Tips for Planning Your Year-End
The new year brings new changes and new ideas; if you’re planning on incorporating or starting a …
New Stock Option Rules
Initially, there was going to be a new set of rules for any stock options issued after December 31, …
Managing Bias in the Valuation Process
A valuation is often viewed as a number crunching exercise with readily available inputs and …
Data science in professional services
These days, it seems everyone is talking about "data" in some form or fashion. Breaches and privacy …
20 predictions for the blockchain and cryptocurrency industry for 2020
Over the past couple of years, we have seen a breakout in the number of applications for …
Big Data and Big Oil
Digitalisation has well and truly arrived in the industry, and it looks likely to disrupt the …
Canadian and U.S. tax advisory & planning cross border solutions
Companies face many challenges brought about by dealing with two different tax and legal systems. …
The Wayfair Decision: a year later
More than a year has passed since the U.S. Supreme Court rendered its decision in the case of South …
4 Reasons to Outsource Production Accounting
Whether in theatre, music, television or film, surrounding yourself with a good administrative team …
Valuation Reports Are Not All Equal
Once it is determined that an independent valuation is needed, business owners and legal advisors …
Zero-Emission Vehicles
Since March 19, 2019, companies that purchased zero-emission vehicles (such as an electric vehicle) …
Effective Divestiture Process
The divestiture process can be structured as a targeted approach directed at one potential buyer, a …
Tips for Accounting for Restaurants
When you are running a restaurant, it can be easy to focus on the food and hospitality and brush …
The use of nominees: be careful!
Although these transactions are permissible, Quebec tax legislation will be amended to require …
Revenue Diversification by Non-Profit Organizations
On several occasions over recent years, the Canada Revenue Agency has had to issue interpretations …
Pre-Employee Share Ownership Plans (“ESOP”) – Key Valuation Considerations
Developing an ESOP is new territory for both employer and employee. Many owners may already have a …
Shareholder Motivations for Liquidity
Proper preparation ensures a business is well positioned when encountering any unexpected events …
New CRA Audit Project: Car Expenses
It appears that the Canadian Revenue Agency (CRA) has a new project: corporate car expenses. This …
Preparing for a Liquidity Event
Even in circumstances where a sale is not imminent, much can be done to improve the operational and …
It’s Never Too Early To Organize Your Music Business
Once you’ve started directing effort and funds toward earning income as a musician, …
Cloud Accounting
The Internet Age has revolutionized every industry and accounting is no exception. Introducing, …
Investment Income in a Corporation
The Canadian taxation system is structured so that investment income (such as interest income and …
When and How to Engage a Chartered Business Valuator (“CBV”)
Depending on the situation, a CBV could be engaged to act as an independent expert or in an …
Simple, Yet Effective Ways for SMBs to Improve Their Security Posture
As we enter 2019, the security challenges faced by small to medium sized businesses will only …
Manage your risks to ensure your company’s long-term success
It is impossible to completely eliminate the risks that can threaten a company’s success, but we …
Payments to United States Subcontractors
Does your Canadian company have U.S. agents who are soliciting business in the United States? Did …
Effect of Holding Companies on Split Income
In 2017, new rules were introduced limiting the use of income splitting which allowed people the …
IFRS 16 – A new leasing standard
IFRS 16 is a new leasing standard which will be replacing the old leasing standard, IAS 17. This …
5 Things To Ask Your Accountant When Facing a separation or divorce
Separation and divorce are becoming more and more common in our society. It is important to consult …
Fraud: Better Safe than Sorry
No companies are safe from fraud, no matter how big they are or what industry they’re in. …
The Wayfair Decision : US sales and use tax
On June 21, the U.S. Supreme Court reached a decision in the case South Dakota v. Wayfair, Inc., …
How does the Cannabis Act affect employers?
On June 19, 2018, the Senate passed Bill C-45, the Cannabis Act, which legalizes the consumption of …
Valuations for Income Tax Purposes – What Does the Canada Revenue Agency (“CRA”) think?
Tax planning and corporate restructuring have become an integral part of the services provided by …
Measures relating to the Quebec sales tax and e-commerce
The rise of e-Commerce created QST collection difficulties for suppliers with no physical or …
Deductible interest charge: Do you know the “disappearing source” rule?
Interest expense on borrowed money is deductible for income tax purposes, generally only if the …
Marie-Claude Pethel Notice of Appointment
The entire Demers Beaulne team is proud to announce that our colleague Marie-Claude Péthel, …
Jasmin Bilodeau Notice of Appointment
Jasmin Bilodeau Partner, Consulting Services Demers Beaulne, a consulting and accounting firm …
Jacqueline Lemay Notice of Appointment
Jacqueline Lemay Partner, Forensic Accounting Demers Beaulne, a consulting and accounting firm …
