News & Events

August 12, 2016
Capital Gains Exemption on the Sale of Qualifying Small Business Corporation’s Shares

The lifetime capital gains exemption is indexed to inflation.  Effective January 1, 2016, the exemption limit is $824,176 for sales of qualifying small business corporation shares. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2016 can shelter up to $824,... Read More

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August 2, 2016
What is a CCPC?

The Canadian income tax system has been designed to provide certain tax benefits to Canadian-controlled private corporations (“CCPC’s”), including: 1. Tax credits for eligible expenditures for scientific research and experimental development that are calculated at a higher rate and are refundable. 2. Stock option be... Read More

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July 27, 2016
What are the tax considerations when transferring property to a spouse?

In many circumstances, a person may wish to transfer some of their assets to their spouse during their lifetime.  Such transfers are typical amongst spouses, but before the asset is transferred, the parties should first consider the tax implications of making such a transfer. For income tax purposes, it is generally ass... Read More

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July 18, 2016
Tax implications of transferring property to related parties (but not a spouse)

In many circumstances, a parent may wish to transfer some of their assets to their children, or a sibling may wish to transfer assets to another sibling for little or no consideration.  Such gifts are typical amongst family members, but before the asset is transferred, the parties should first consider the tax implications... Read More

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November 4, 2015
Liberal government may limit the stock option benefit deduction

Since the Liberals won a majority in the election last month, more focus has been centered on the tax proposals outlined in their election platform.  One proposal was to limit the stock option deduction available to $100,000 per year. In an earlier post, we explained generally how stock options are taxed for employees: W... Read More

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