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Investing in U.S. real estate offers a wealth of opportunities,..
ALLAN MADAN
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January 22, 2025
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Income splitting is a strategic way for business owners to reduce their overall tax liability..
READ MORE5 Key Factors in Choosing a Business Structure
December 10, 2024
Starting a business is an exciting venture that gives you freedom over your schedule, the opportunity to profit from your..
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As we get closer to the end of the year, now is the perfect time to take advantage of year-end..
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For high-net-worth individuals, navigating tax laws is essential for preserving and growing wealth. Effective tax..
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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
As your income rises, so does your marginal tax rate, which means proactive tax planning is a must. High-income earners – which is considered an annual salary of $115,000+ in Canada – face some of the steepest tax rates in Canada, but there are smart, legal strategies to help keep more of your hard-earned dollars. Here are 5 strategies to reduce your tax bill and build wealth more efficiently. Read More
The United States is the world’s largest economy and most dynamic consumer market, making it an attractive destination for Canadian companies seeking expansion. With strong bilateral trade, close geography, a shared language, and cultural familiarity, the U.S. is a natural next step for Canadian entrepreneurs. However, entering the U.S. market requires a clear understanding of cross-border tax rules, legal setup, and regulatory compliance. Read More
Short-term rentals through platforms like Airbnb, VRBO, and Booking.com have become a popular strategy for Canadians to generate additional income. However, these rental activities come with important income tax and GST/HST implications. As of January 1, 2024, new federal legislation has introduced even stricter rules, particularly regarding municipal compliance. This article outlines the key tax considerations, how GST/HST applies, what happens when you sell a rental property, and what investors must consider before offering short-term accommodations. Read More
In today’s global environment of tax transparency and regulatory alignment, entrepreneurs and consultants must structure their businesses with care. The goal is to achieve legitimate tax efficiency while maintaining full compliance with local and international laws. A proven strategy that meets this objective involves using a dual-jurisdiction structure incorporating entities in Barbados and St. Lucia.
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Posted by MadanCA Team on December 31, 2009 in Business & Corporate Tax
Tax consultant in Mississauga shares his 10 Best Tax Tips. Individuals, business owners, and investors can save money by following these strategies.
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