A Brief Analysis of Real Estate Gains & Canadian Income Tax Recently there has been a lot of media attention focused on financial gains being made in Vancouver’s housing market and the favorable tax treatment given to real estate used as a principal residence through the Canadian Income Tax Act. Without getting into the technical details of this tax treatment and
Utilizing Outside Controllership & CFO Advisory Services Accounting departments in successful businesses are always bursting at the seams with special projects, audit preparations, financial statement preparations for bank financing, cash flowing projections, etc. The top people responsible for financial reporting and the financial management of an organization are typically the controller and/or the CFO. These professionals are responsible for the finance
While Inheritance is Non-taxable, A Word of Caution Inheritances are non-taxable for Canadian taxpayers regardless of whether or not the inheritance comes from a Canadian citizen or a foreign citizen. This non-taxable tax treatment is also consistent regardless of whether or not the inheritance is straight cash, a summer house, a rental building or shares of a company. Before you
