Event: Non-Residents Investing in Canadian Real Estate
Non-Residents Investing In Canadian Real Estate Please join us for an exclusive presentation, featuring James Pastouna, International Private Banker and Shawn Bausch, CPA (CA), Sr. Tax Manager, Sloan Partners LLP. James and Shawn invite you to an intimate and interactive session where they ...
- Matthew Martin
- August 27, 2020
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- 329
To Sell or Not To Sell? COVID Tax Advice for Business Owners
To sell or not to sell…that is the question…on the minds of individuals and business owners holding assets that have fallen in value. Fortunately, appropriate tax planning for losses can minimize tax payable and increase cash flow during a period of economic downturn. There is a dizzying array ...
- Matthew Martin
- August 20, 2020
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- Blog
- 256
The CRA is Now Auditing US Real Estate Transactions of Canadians – Going Back Six Years
August 6, 2020 The Canada Revenue Agency’s (CRA’s) audit programs continue to be updated. On June 25, 2020, the CRA announced one of its newest programs: they will now audit the US real estate transactions of Canadians, looking back as many as six years. Property records in the US will ...
- Matthew Martin
- August 6, 2020
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- Blog News
- 479
Sloan Partners Mentors Film and TV Producers with the Toronto International Film Festival
July 3, 2020 On July 2nd, Shawn Bausch, Sr. Tax Manager at Sloan Partners LLP, completed a mentorship session for new producers of film and TV. Ten new producers attended this private session, getting personalized advice about running the finances of a production, raising money, and optimizing ...
- Matthew Martin
- July 14, 2020
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- Blog News
- 408
Freezes and Re-Freezes – Beware of Inappropriate COVID-19 Tax Planning
The COVID-19 economic downturn presents tax planning opportunities to business in light of depressed asset values and business losses. In particular, Estate Freezes and “Re-Freezes”, and using losses on portfolio investments are common strategies available to generate immediate cash flow and ...
- Matthew Martin
- June 25, 2020
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- Blog
- 493
Capital Gains Stripping Redux – COVID implications
Get ready to pay for it The latest parliamentary budget report [i] estimates a $252.1 Billion deficit in 2020-2021 while direct COVID support so far exceeds $150 Billion. We have touched upon this in past articles, and now it’s fairly acknowledged that taxes will likely be increasing to pay for ...
- Matthew Martin
- June 25, 2020
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- Blog
- 600
Three Personal Tax Tips in a Covid-19 World
Home Office Expenses While the health effects of the pandemic continue to unfold, so too do the tax implications of the actions required to combat it. We are early in the tax year, but most employees in Canada have been required to work at home for at least some portion of their work. Under ...
- Maria Dianes
- April 23, 2020
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- Blog
- 825
Sloan Group Releases COVID – 19 Financial Assistance Guide
These are extraordinary and unsettling times. COVID-19 is causing significant disruptions to our clients, our partners, and the many communities we serve. To help you, we have assembled selected resources to consult in assessing how to respond to this crisis. Please feel free to ask ...
- Matthew Martin
- April 2, 2020
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- Blog CRA News Uncategorized
- 2K
Confused about Canadian Government Benefits for COVID-19? Here’s a Plain Language Guide
Last week, Prime Minister Trudeau introduced an $82-billion dollar stimulus package to help Canadians through the uncertainties of COVID-19. While grateful for the financial assistance, the many government announcements have also led to confusion among Canadian individuals and business owners ...
- Matthew Martin
- April 1, 2020
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- Blog News Uncategorized
- 1.1K
COVID-19 and Life Insurance: Do It Now…Rates are going up!
As an accountant and financial advisor for over forty years, I have preached and continue to preach the need to constantly evaluate and mitigate risk. That doesn’t mean I would advise a client to not to take any risk, but to assess risks and their potential benefits. I believe in insurance, ...
- Matthew Martin
- March 31, 2020
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- Uncategorized
- 672
Canadian COVID-19 Relief: Temporary Wage Subsidy For Employers
The government continues to release information on how businesses and individuals can access the financial assistance being produced for all of us financially impacted by COVID-19. Details on how to access the Temporary Wage Subsidy for employers can be found here. Prime Minister, Justin ...
- Matthew Martin
- March 30, 2020
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- Blog Uncategorized
- 654
Transition Tax Relief
If you have paid US Transition Tax or GILITI for a Small Business, you may be in a position to get some or all of it back On December 24, 2019, the US District Court handed down a momentous ruling allowing a lawsuit against the Treasury Department to proceed. The suit alleges that ...
- Matthew Martin
- February 13, 2020
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- 531