Tuesday, August 23, 2011 by Kim Drever Comments (0)
The alternative minimum tax is an alternative method to calculate your taxes owing in Canada. This tax is often applicable when you have claimed a preferential tax deduction like the capital gain deduction / capital gain exemption and flow through shares or have preferential tax rates due to credits, such as dividend tax credits. View the full blog post
Friday, August 12, 2011 by Deidre Jensen Comments (0)
If you are contemplating the sale of your farmland and the expected capital gain will be in excess of your capital gain exemption, it is important to beware of 69(11) of the Income Tax Act in such a transaction or the resulting tax consequences will be an unpleasant surprise. View the full blog post
Tuesday, July 12, 2011 by Stino Scaletta Comments (0)
Successful businesses that operate in a corporate structure can find situations where excess cash/investments can create adverse tax consequences because the shares of a company may not qualify for the capital gains exemption either on the sale of the shares by the individual or on the death of the shareholder. View the full blog post
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