New in the 2018 Federal Budget

New in the 2018 Federal Budget

Principal Residence Exemption (PRE) Generally, taxpayers are exempt from paying capital gains tax when their primary homes are sold. Historically, no filings/disclosures were required in order to qualify for the exemption. For 2017 and forward, taxpayers are required...
Paying the Tax Man

Paying the Tax Man

Tax payments can now be made with cash or debit at any Canada Post outlet. However, to pay in person, you must first create a personalized payment barcode online. There is also a fee for this service. Learn more. Of course, there are old-fashioned ways to pay as well:...
Passive Income Changes – 2018 Federal Budget

Passive Income Changes – 2018 Federal Budget

The Federal Budget was released on February 27, 2018. At a really high level, there is a $17,800,000,000.00 deficit. Yes, that is a lot of 000’s. There are no changes to the corporate or personal income tax rates for 2018. The fun income sprinkling rules were released...
Top 5 Important Tax Changes in 2018

Top 5 Important Tax Changes in 2018

There have been a lot of changes to the tax code in the last year. Trying to cherry-pick the most important changes was a challenge, but we’ve narrowed it down to the Top 5 as we see them. So, with a little less fanfare than David Letterman might offer, here are our...