Category: Capital gains

Canadian Tax Podcast 028: Rental Suites, US LLC, Capital Gains.

Posted on by cware

Canadian Tax Podcast for the week of December 14, 2021. This week we cover:

  • CRA website down (again);
  • US Electric Vehicle subsidy drama;
  • CEWS audits resume;
  • Moneysense tax tips released;
  • Expense vs. Capital improvements for rental suite;
  • US LLC troubles;
  • Capital gain vs business income on investment trades;

Continue reading “Canadian Tax Podcast 028: Rental Suites, US LLC, Capital Gains.”

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Canadian Tax Podcast 007: GME Capital Gains; T5 Gross Up Error; Reporting T2 Foreign Dividends

Posted on by cware

Canadian Tax Podcast for the week of April 12, 2021. This week we cover:

  • Tax consulting fees capped;
  • Court case: Capital Expenditure vs. Repairs and Maintenance;
  • Principal residence exemption – more tweaking?
  • SK to hit electric vehicle owners with a fee;
  • GME capital gains;
  • Incorrectly-filed T5 and what to do;
  • Dealing with foreign income on a T2;

Continue reading “Canadian Tax Podcast 007: GME Capital Gains; T5 Gross Up Error; Reporting T2 Foreign Dividends”

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Canadian Tax Podcast 005 – Business Tax Planning; Personal Use Property + T1135; Capital Gains In Corp.

Posted on by cware

Canadian Tax Podcast for the week of March 29, 2021. This week we cover:

  • Coinsquare account info release;
  • Carbon tax;
  • Federal Budget announced;
  • Ontario Budget released;
  • Expense/deduction planning for the newly self-employed;
  • T1135 reporting re. personal use property and foreign currency;
  • Sale of property in a corporation, triggering capital gains;

Continue reading “Canadian Tax Podcast 005 – Business Tax Planning; Personal Use Property + T1135; Capital Gains In Corp.”

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