When the BC Provincial Government tabled its 2024 provincial budget on February 22, 2024, it included the Residential Property (Short-Term Holding) Profit Tax Act (the “Act”). That legislation came into force January 1, 2025, making British Columbia the first province to target flipping real property through legislation.
When the BC Provincial Government tabled its 2024 provincial budget on February 22, 2024, it included the Residential Property (Short-Term Holding) Profit Tax Act (the “Act”). That legislation came into force January 1, 2025, making British Columbia the first province to target flipping real property through legislation.
Being an executor or an attorney by Power of Attorney can be a daunting task. Whether you are pre-planning your own affairs or you have recently been charged with this important responsibility, this guide will help make the process run more smoothly.
Notaries are oftentimes challenged when they attempt to convince their clients of the necessity to seek the advice of an income tax practitioner. One way to overcome such resistance is for the Notary to have an established relationship with a trusted CPA to whom the clients can be referred.
In keeping with our Succession theme in this issue, this article focuses on one tax-planning strategy for exiting an incorporated business: Estate Freezes.
In keeping with our theme of Charitable Giving, in this article I discuss some of the income tax rules with respect to gifts and donations.
In recent years, home ownership is increasingly becoming an unattainable dream for many Canadians.
As a child I loved playing Monopoly— with its stacks of brightly coloured bills and tiny green houses and red hotels you could “build” while on your way to amassing wealth.