When business owners restructure, incorporate, or transfer assets to a corporation, tax consequences can quickly become complex. One of the most valuable provisions available under Canadian tax law is the Section 85 rollover, which allows assets to be transferred to a corporation on a tax-deferred basis. However, this strategy must be executed carefully to avoid unintended tax liabilities. Working with an experienced Section 85 rollover accountant, such as Madan CPA, a Corporate Tax Expert, can help ensure the transaction is structured correctly and aligned with your long-term business goals. Read More

Owning a rental property in Canada while living abroad comes with unique tax obligations. If you earn rental income from a Canadian property but are no longer a Canadian resident – or were never one – you may be classified as a non-resident landlord in Canada. Read More

When you’re buying or selling a business in Ontario through the transfer of shares, the Share Purchase Agreement (SPA) is the central legal document that governs the transaction. Read More

Navigating corporate taxes in Canada is complex but smart planning can significantly reduce what your company pays each year. With constantly evolving tax rules, reporting requirements, and incentives from both federal and provincial governments, effective tax minimization isn’t just smart accounting but also strategic business planning. Read More

A few months ago, a new client walked into our office holding a letter from the CRA. He looked baffled. “I just rent out my basement on Airbnb on weekends,” he said. “How did they know exactly how much I made?” Read More