News & Events

December 7, 2016
Lifetime capital gains exemption will increase as of January 1, 2017

Effective January 1, 2017, the lifetime capital gains exemption will increase to $835,716. As a result, every Canadian resident individual who disposes of qualifying small business corporation shares in 2017 can shelter up to $835,716 in capital gains on those shares from tax. A full list of all indexation increases c... 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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August 21, 2014
Foreign Charities Delisted by the Canada Revenue Agency

The already short list of CRA-approved foreign charities is now down to zero, meaning that Canadian donors hoping to give money to The Clinton Foundation (former U.S. president Bill Clinton’s cause) for example, are out of luck if they were hoping for a tax credit. The CRA says the vacant list is the result of changes t... Read More

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