Tax
SDR Valuations Inc.
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Dividend tax insights

By Dennis Nerland Dividends themselves can be either eligible or non-eligible. An eligible dividend is subject to a 38 per cent gross-up. The dividend is generated by the ... Read more

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All taxpayers feel impact of construction sector's cash economy

For the average homeowner, it is important to pay contractors via cheque or credit card and receive a receipt, as participating in the underground cash economy can have severe ... Read more

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Choice of trustee vital to trust's financial, relational goals

A trust can provide individuals with asset protection, tax advantages and confidentiality — but choosing the right trustee is essential to achieving these objectives, ... Read more

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Proposed changes would lead to demise of CRA's VDP

If enacted, recently proposed changes to the Voluntary Disclosures Program (VDP) will have the effect of ultimately killing what is arguably one of the most effective initiatives ... Read more

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Proposed tax changes a ‘renewed attack’ on job creators

By Dennis Nerland The Department of Finance released new proposed tax legislation and policy on July 17, 2017. The new policies target income splitting in private ... Read more

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Loopholes likely to remain after tax act amendments

Although the government recently announced plans to tighten a number of tax rules — including a move to prevent ‘income sprinkling’ amongst family members ... Read more

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Feds unveil plans to stop 'unfair' business tax advantages

OTTAWA — The federal government is proposing measures to tighten what it calls “unfair'' loopholes for private corporations that enable many wealthy Canadians, ... Read more

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Voluntary disclosure in offshore case 'business as usual' for CRA

Although reports that the Canada Revenue Agency (CRA) entered into secret deals with several KPMG clients over an offshore tax “sham” last year may have shocked many ... Read more

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Corporation can be effective wealth preservation tool

For some individuals, a corporation can play a key role in personal wealth management — but it is crucial to undertake a cost-benefit analysis before pursuing this ... Read more

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Proposed changes to the Voluntary Disclosures Program

By David J. Rotfleisch Voluntary Disclosures Program (VDP) – current rules The Voluntary Disclosures Program (VDP or Canadian Tax Amnesty) is a Canada Revenue ... Read more

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Treaty signifies further clampdown on international tax evasion

The federal government’s recent move to sign a multilateral convention aimed at preventing companies from ‘treaty shopping’ between jurisdictions represents a ... Read more

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Governance strategy crucial to family business succession

Successfully transferring a company to the next generation requires planning and open communication between the owner, heirs and key advisors — including a disciplined ... Read more

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Keeping your family informed

By Dennis Nerland Your children are your greatest legacy. If they are trusted to be the custodians of your business and wealth, at the very least they should be informed ... Read more

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Government warned about perils of tightening tax amnesty program

OTTAWA — Within weeks, Ottawa is expected to unveil proposed restrictions to an income tax amnesty program that has raked in millions for federal coffers, but experts are ... Read more

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Advice from tax lawyer, accountant crucial during CRA audit

For taxpayers on the receiving end of one of the thousands of audit letters the Canada Revenue Agency (CRA) sent   this year, it is essential to first understand what the ... Read more

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Wealth management insights

By Dennis Nerland Wealth is not finite. That implies it can be created. There are three generally accepted, primary methods by which to create wealth. These are: 1) ... Read more

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Vital to consider human side of trustee-beneficiary relationship

While it's   important to pay close attention to the financial and legal responsibilities associated with a trust, trustees should also be aware there's   an ... Read more

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Success of CRA crackdown on offshore tax evasion unclear

Although the Canada Revenue Agency (CRA) claims the Panama Papers scandal has allowed it to showcase how the agency has changed its tactics,  Canadian tax lawyer David J. ... Read more

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Voluntary disclosure wise for restaurateur with unreported sales

Although the food sector is a common target of Canada Revenue Agency (CRA) auditors, there is an option available to restaurant owners who have engaged in unreported cash ... Read more

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Voluntary disclosure deal 'made sense' in KPMG matter

Although recent reports raise interesting points about the actions of accounting giant KPMG in an alleged offshore tax “sham,” criticisms of the use of the Voluntary ... Read more

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