Update: TOSI (The Tax on Split Income)

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In July of 2017, the Department of Finance sent the Canadian tax community and business owners into a turmoil when they announced radical changes to the taxation of businesses and owners while most people were away for vacation.  One of the initiatives which survived in a modified form was the ...

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1994 Capital Gains Election

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1994 Capital Gains Election (a BLAST from the Past) Recently, we have prepared a number of personal tax returns for clients who own property acquired before 1994. Property includes cottage property, artworks, securities and rental property.  Way back in 1994, the government eliminated the ...

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10 Reasons to Use Cloud-Based Accounting

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Generally when people hear the word ‘accountant’ they immediately think of year ends, taxes, CRA and shoeboxes filled with receipts and bills. But now, accountants fulfil a more valuable role for small businesses with the help of cloud-based accounting technology. So what is a cloud-based ...

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Cyber-security Affects You (Yes! You!)

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On June 18, 2015, Bill S-4 (the Digital Privacy Act) came into force in Canada and finally introduced mandatory data breach reporting and notification requirements by amending Personal Information Protection and Electronic Documents Act known as “PIPEDA”.   The glaring deficiency in PIPEDA ...

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Client Spotlight: Q&A with Veronika Barbakadze – Immigration Solutions the Compassionate Way

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Veronika Barbakadze’s passion for immigration was born out of an unfortunate situation as she watched her mother lose her Canadian refugee status and be deported back to Israel. Two professionals showed her the right way and the very wrong way to approach client representation and the immigration system.

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Off the Books with Randy Urman: Adapting to Minimum Wage Increases

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Like it or not, the minimum wage is on the rise. Manager Randy Urman considers what these sweeping changes mean for small businesses and offers advice on how to tighten your belt to offset the increases.

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Cryptocurrency: What does the CRA and the IRS want me to report?

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The world of Cryptocurrency is a fast-moving ‘wild-west’ of business transactions.  Fortunes have been made overnight and thieves have accounted for at least $80M in stolen cryptocurrency value.  The industry is moving so quickly that tax authorities in many jurisdictions have not yet decided ...

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OBJECTING TO A CRA ASSESSMENT

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Many times, Canada Revenue Agency (“CRA”) does not accept an income tax return as filed.  There may be a dispute regarding the deductibility of expenses or the characterization of income.  Examples of these items may include: Travel expenses incurred in the course of business activities that ...

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Richard Gold and Randy Urman Celebrate 10 Years at Sloan Partners

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At the recent Sloan Golf Day, Managing Partner Allen Sloan presented Randy Urman (above), Manager and Richard Gold (below), Chief Operations Officer with watches marking their 10 year anniversary with Sloan Partners LLP.  Randy is responsible for providing Accounting and Taxation services to a ...

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Off the Books with Shawn Bausch : First Questions are free

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Tax Manager Shawn Bausch shares his take on the biggest tax misstep people make (hint: ask questions!) and encourages readers to have a conversation with a tax advisor now to reap savings in the New Year.

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