CRA’s new truck and SUV project and reviews of cell phone expenses

Man using a calculator to calculate the numbers on his desk

It has been reported and now confirmed there is a new CRA project – Class 10 vehicles. What is a “Class 10 Vehicle”? Included in Class 10 vehicles are: Pick-up truck or van used to transport goods or equipment seats 1-3 people and used 50% or more for business. Pick-up truck with extended cab, ...

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US Tax Reform: Trump Transition Tax (Repatriation Tax) – Revised Payment Deadlines

Document with title Trump Tax Plan.

The “Trump Transition Tax” has caused a great deal of anxiety among affected owners of Canadian businesses, imposing millions of dollars in double-tax liabilities on thousands of people.  The IRS only recently (April 2) released the guidelines for reporting. Revising earlier guidance, the IRS ...

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US Tax Reform 2017: New Pain for US Citizens owning Canadian Businesses – The US “Transition Tax”

Man holding a card with a text Tax Reforms.

The US Tax Reform enacted in December, 2017 made sweeping changes.  In addition to reducing the US corporate rate to a flat 21% in most cases, the law proposed to transition the US to a system of taxing foreign corporate holdings based on the residency of the foreign corporation.  To get there, ...

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Client Spotlight: Nick Lee Career Change Pays Off for Entrepreneur

Client Spotlight

The world of work has changed significantly over the last few decades.  Where once landing a job and growing with a company was the norm, today more and more people stop and change direction midway through their careers; others successfully reinvent themselves several times throughout their ...

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Own an Inactive Corporaton? There’s a Tax Write Off for That

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Many business owners and former business owners have inactive corporations. For example, a corporation was created but never used, the underlying business or property of the corporation was sold, or the business is inactive. Besides saving the annual costs to file tax returns, if you are ...

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Off the Books Q&A with Muaaz Ahmad: A Collective Approach

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What attracted you to Sloan Group? I joined Sloan Group because I was interested in learning and applying my skills in a small firm with big client focus. I joined the firm full-time in September 2017 after completing an internship here in 2016. I really enjoy the environment here at work ...

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Morison KSi Media & Entertainment Newsletter – Edition 1 (2018)

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Canada has always had a strong creative sector and in particular its film and TV industry has a worldwide reputation and it is a regular destination for overseas production companies.We have regularly advised on a range of issues in this regard covering production accounting, Canadian tax ...

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Tax deadlines for 2018

The countdown to the end of the Tax Year. Ensure you file your tax forms and take advantage of any tax breaks or allowances that are available only within the current tax year. Isolated on white. Good copy space.

With tax season fast approaching, here’s a list of deadlines to keep in mind which can help you file your personal tax returns: April 22nd, 2018 Deadline to set up a pre-authorized debit payments for 2017 to avoid interest charges. April 30th, 2018 Filing due date for 2017 tax returns for ...

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Interns Bring Talent and Drive to Sloan Partners

OfftheBooks-interns

The spirit of Sloan Partners resides in its people, and we are always looking for ways to cultivate emerging talent. We have a dynamic internship program that brings multiple interns to join our team throughout the year. Our interns come from different backgrounds and fill a variety of roles ...

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Why the age of retirement is generally accepted to be 65?

retirement age

In 1889, Germany became the first country to adopt a national pension program under the leadership of its first Chancellor,  Otto von Bismarck — the Iron Chancellor. The German system initially was intended for those 70 and older, but the starting age was later lowered to 65, according to ...

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