New in the 2019 Federal Budget

New in the 2019 Federal Budget

2019 Federal Budget Update The Federal Budget was released on March 19, 2019 with minimal tax updates. While there were no crazy changes like we have seen in the last few years (i.e. TOSI and passive income), there were no real improvements either. The main thing you...
Top 5 Tax Plays and Misplays of 2018

Top 5 Tax Plays and Misplays of 2018

2018 – the year of the tax misplays? It certainly feels that way. Every client we work with seems to have been caught in at least one of the tax changes this year. It could just be our math, but this appears to be more than the 3% that were originally predicted to be...
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...