Featured Articles

Trust No Accountant

b2ap3_thumbnail_hand-shake

Sanjeey Khatter, like many Canadians today, was in the dark as to how to file his taxes. Therefore he took on a tax preparer to assist him with his financial needs. What occurred after was an unfortunate mixture of poor judgment and severe carelessness.

Read More

by MadanCA Team on February 10, 2016 @ 7:23 pm

All Articles Posts

MadanCA Team

Minute Books: Why They Are Essential For Your Business

What are “Minute Books?” Your corporation’s Minute Book is an official record of your company’s activity including: Documentation that proves your corporation exists. The names of all shareholders, officers and directors that have been in the company since incorporation. Share transfers and insurance. Proof that every step was taken to activate the corporation after incorporation. … Continue reading Minute Books: Why They Are Essential For Your Business

Hits: 272 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

Benefits of Using an Accountant to Incorporate your Business

If you are planning on incorporating your business, hiring an experienced accountant is one of the best investments you can make! An accountant will give you 1 on 1 tax planning advice and give you a proper corporation structure based on your and your family’s tax situation. Once your accountant knows of your tax situation, … Continue reading Benefits of Using an Accountant to Incorporate your Business

Hits: 353 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

Tax Implications for Canadians selling US property, real estate

As a Canadian, are you aware of the tax consequences of selling your US real estate properties? Most Canadian’s aren’t, even though they are buying US real estate more so than ever before. Read further to understand the tax implications of Canadians selling US properties. 15% Withholding tax As a Canadian or a non-resident of … Continue reading Tax Implications for Canadians selling US property, real estate

Tagged In:  
Hits: 8833 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
125 Comments | Continue reading
MadanCA Team

Tax Implications for Non-Residents Earning Income from Canadian Rental Property

The Canadian real estate market has been a lucrative investment opportunity for foreign investors due to Canada’s relatively stable economy. If you are a non-resident or a foreign investor looking to enter the Canadian real estate market, this article is for you! The article will help you understand your tax obligations, provide strategies to reduce … Continue reading Tax Implications for Non-Residents Earning Income from Canadian Rental Property

Hits: 1314 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

Tax Implications of Canadians Selling a Vacation Property in the US

Imagine, sipping a steaming cup of coffee while looking out onto your beachfront property. Imagine, the sun washing over your face in the dessert heat. Many Canadians did not have to as they flocked to buy vacation properties in the U.S when the Canadian Dollar was at an approximate par with the US dollar. However … Continue reading Tax Implications of Canadians Selling a Vacation Property in the US

Tagged In:  
Hits: 1192 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

Trust No Accountant

Sanjeey Khatter, like many Canadians today, was in the dark as to how to file his taxes. Therefore he took on a tax preparer to assist him with his financial needs. What occurred after was an unfortunate mixture of poor judgment and severe carelessness.

Tagged In:  
Hits: 1892 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

The Rise of Transfer Pricing Disputes

The Rise of Transfer Pricing Disputes Many multinational companies are using techniques to either avoid or lower their taxes by taking advantage of the fact they have a parent company or subsidiaries in other countries. The CRA, IRS, and other tax authorities are auditing taxpayers with greater scrutiny in regards to transfer pricing issues so … Continue reading The Rise of Transfer Pricing Disputes

Hits: 1195 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

How to defer capital gains tax with section 85 rollover

If section 85 didn’t exist what would happen? Without the rollover, a sole proprietor would sell their assets to a corporation for current market value instead of initial purchase price. This would result in the proprietor paying taxes on the assets difference in value. The sole proprietor is only trying to transferhis or her own … Continue reading How to defer capital gains tax with section 85 rollover

Tagged In:  
Hits: 9969 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
6 Comments | Continue reading
MadanCA Team

How to Prepare Final Return of A Deceased Person in Canada

INTRODUCTION This article provides an in-depth review of PREPARING THE FINAL RETURN OF A DECEASED PERSON in Canada, including taxation of: Dividends & interest Employment income Old Age Security Canada or Quebec Pension Benefits Pension Income Splitting Employment Insurance Investment Income Rental Income Death Benefit RPP, RRSP, RRIF Tax Deductions When an individual passes away, … Continue reading How to Prepare Final Return of A Deceased Person in Canada

Tagged In:  
Hits: 3575 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading
MadanCA Team

Why Canada Needs Corporate Tax Reform

Much of the political rhetoric surrounding the Liberal Party’s win in the Canadian Federal election was centred on this notion of ‘change’, a promise of progressive changes that Canada needs in order to escape from the shadows of its Conservative predecessor. While looming issues such as the United Nations Climate Change Conference, the Trans Pacific … Continue reading Why Canada Needs Corporate Tax Reform

Hits: 1769 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Free Online Tax Assessment

Save on Personal Taxes with this Incredible tool!

Save on thousands of dollars every year on personal taxes with this Incredible, FREE tool!

SAVE TAX NOW

Pin It on Pinterest

Share This