Blog Posts

Have the Government Help Pay For Your Vacation

Friday, October 14, 2011 by Michael Murphy
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The majority of families in Canada look forward to a vacation as a time to get away from the everyday routine of work and school and to relax and spend time with the family. In today’s economy, a business that could offer some potential savings to make a family’s vacation more affordable will be seen as being an attractive option.
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Should You Have Minor Children as Shareholders of Your Family Business?

Tuesday, September 27, 2011 by Brian Posthumus
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A question business owners often ask is whether minor children should be shareholders in the family business corporation. Usually, this is a tax motivated question, in that the higher income parents wish to access the lower marginal tax rate of their minor children.
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Farmland and 69(11) of the Income Tax Act

Friday, August 12, 2011 by Deidre Jensen
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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.
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