Featured Articles

Flipping Houses? Here’s How The CRA Classifies Your Profits

house flipping in Canada

House flipping has become a popular way to build wealth in Canada, especially as real estate prices have surged. The basic idea – buy a property, renovate it, and sell it quickly for profit –  sounds simple. But from the Canada Revenue Agency’s (CRA) point of view, flipping can carry complex tax consequences, and you could end up with a surprising bill if you misunderstand how the profits are taxed. Read More

Written by MadanCA Team on July 7, 2025 @ 6:23 pm
Filed under:

All Articles Posts

Tax implications of sending U.S. workers to Canada.

What are the tax implications for sending US Citizens to Work in Canada? This is a loaded question and the cross border tax implications are complex. In this blog, I will highlight the most important ones.

Hits: 26 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Tax Breaks for Families in 2015

The new measures consists of three components which are forms of income-splitting, raise in monthly child bonus payments and an increase of the tax deduction parents can claim for their child care and children’s fitness expenses.The details of the measures are provided as follows: 1. Family Tax Cut – Income Splitting The new Family Tax … Continue reading Tax Breaks for Families in 2015

Tagged In:  
Hits: 2274 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Taxes for Canadians selling property in the U.S. explained.

Canadians are continuing to invest in the red hot real estate market. But what they don’t realize is the amount of taxes to be paid when the US situated property is eventually sold. In this blog, I will cover the basic taxes for Canadians selling property in the US.

Hits: 32 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Tips for Americans providing services in Canada.

Are you an American citizens performing services in Canada? Are you confused about your Canadian tax obligations? If the answer to these questions is yes, this blog is for you!

Hits: 22 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Tax implications for Canadians traveling to the U.S.

Are you a Canadian snowbird? Make sure you understand the tax implications for Canadians traveling to the U.S.

Hits: 41 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Management Fees vs. Salary from Your Corporation

Are you an incorporated business owner? Have you wondered about paying yourself management fees or a salary? If the answer is yes, then this article is for you! I will discuss the pros and cons of management fees and salary.

Hits: 129 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Tax tips for real estate investors in Canada and U.S

Real Estate investors in Canada and the United States should be aware of the tax implications of investing in real estate. In this presentation, Allan Madan explains the most tax effective structure to hold and own real estate properties in both Canada and the United States. He also explains how to minimize estate tax for … Continue reading Tax tips for real estate investors in Canada and U.S

Tagged In:  
Hits: 2476 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Deducting client meals and entertainment expenses.

Did you know that you can deduct meals and entertainment for clients from your business income? Find out the activities you can deduct to help save you money.

Hits: 23 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Withdrawing from IRA and 401(k) for returning Canadians.

Are a returning Canadian with an IRA and 401K? The tax man could be around the corner. Learn the best ways for withdrawing your IRA and 401K.

Hits: 34 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Avoiding U.S. estate taxes with a two-tier partnership.

US estate taxes can bring heavy and unwanted charges that can affect the money you have earned. Setting up a two tier partnership can save you millions.

Hits: 48 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
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