Lifetime Capital Gains Exemption
The lifetime capital gains exemption (LCGE) is one of the misunderstood tax benefits offered by the Income Tax Act. Many small business owner taxpayers fall… Read More »Lifetime Capital Gains Exemption
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Employment Deduction Expense
CRA has conducted many employment deduction reviews in the last few years. According to a recent CRA seminar, two-thirds of reviews were due to incorrect… Read More »Employment Deduction Expense
How To Avoid Being Labeled a Personal Services Business By CRA
How To Avoid Being Labeled a Personal Services Business By CRA If you’re an independent contractor in the oil patch or IT industry and are… Read More »How To Avoid Being Labeled a Personal Services Business By CRA