Tax Question:How is corporate tax calculated if my company has income in more than one province in Canada? Facts:If your company is a Canadian taxpayer, Canadian corporate tax is calculated by allocating taxable income between the provinces in which your company has a permanent establishment presence. Discussion:The company is considered to have a permanent establishment presence […]
Tax Question:What is the Canada Job Grant? Facts:The Canada Job Grant helps employers train new or existing employees by sharing the cost with the employers. Employers can receive up to two-thirds of the cost of training for current and future employees, up to a maximum government contribution of $10,000 per grant. For example, if an employer […]
Tax Question:What is Probate? Facts:Probate is a legal document that resolves all claims and distributes the deceased person’s property under a will. It is the first step in the legal process of administering the estate of a deceased person. A probated will is a will that has been reviewed by the courts and deemed to be […]
Tax Question:As a non-resident of Canada do I owe Canadian tax on the sale of my Canadian real estate? Facts:If a property owned by a non-resident is sold in Canada there is tax due. The risk is on the purchaser (not the seller) that Canada Revenue Agency (CRA) will try to collect tax from them if […]
by Jean-Marc Clément | Montreal Office Swivel chairs have been around for centuries—it has even been said that Thomas Jefferson sat on one when he wrote the Declaration of Independence. It may therefore come as a surprise that the issue of which tariff applies to swivel chairs imported into Canada has only been settled recently. […]
Tax Question:What is a Clearance Certificate and why is it important? Facts:A clearance certificate is a document that you apply for with Canada Revenue Agency (CRA) that certifies all amounts for which the deceased is liable to CRA have been paid, or that they have accepted security for the payment. If you as the executor do […]
Remembrance Day Remembrance Day was first observed in 1919 to honor our soldiers who gave the ultimate sacrifice for their country. Originally called Armistice Day, it commemorates the end of World War 1 which took place on November 11, 1918 at 11:00am or the 11th hour of the 11th day of the 11th month. Armistice Day became […]
International Referral the global network of business lawyers, is delighted to introduce Violet A. French of Torkin Manes LLP. Violet has joined the Legal network; as our exclusive Corporate Law member in Canada. A partner in Torkin Manes’ Business Law Group, Violet French’s practice includes advising on all aspects of corporate and business law, with […]
International Referral the global network of business lawyers, is delighted to introduce Lisa R. Lifshitz of Torkin Manes LLP. Lisa has joined the Legal network; as our exclusive Technology Law member in Canada. Lisa is a partner in Torkin Manes’ Business Law Group, specializing in the areas of information technology and business law and is […]
Do you know how to make your corporate payments to the Canada Revenue Agency (CRA)? Read on to find out. Tax Question: How can I make my corporate payments to Canada Revenue Agency (CRA)? Facts: You can make a payment to CRA by online banking, debit card (Interact® Online), pre-authorized debit or a third-party service provider […]
GILMOUR KNOTTS CHARTERED ACCOUNTANTS IS CELEBRATING 20 YEARS IN BUSINESS!! We opened our doors on November 1, 1994 and have had many memorable and exciting moments. Over the years we have grown, moved, grown some more, moved again and built an amazing list of wonderful clientele, and improved our firm with innovative ideas and strong skill […]
Tax Question:If a Canadian business retains the services of a non-Canadian business, does it have to withhold tax? Facts:Regulation 105 of the Income Tax Act requires any one who pays fees, commissions or other amounts to a non-resident person (individual or corporation) who has provided services in Canada, to withhold taxes calculated as 15% of the […]