Pipeline Business

Restricted content

Can the Shareholder use personal name on Title?

I created a purchase agreement with my grandmother to purchase her restaurant and property in the amount of $500,000 paid monthly over 13 years. I created an Ontario Corporation for the agreement. I am the majority shareholder. 6 months later I had my grandmother sign the documents allowing me to put my name on title … Continue reading Can the Shareholder use personal name on Title?

what bank account do expenses that are partially personal come out of

Does my incorporated business pay for my personal vehicle gas, maintenance, insurance, business meals (only 50% write-off), and cell phones out of the business account or do I pay personally and then use receipts for write-off at the end of the year because these expenses are not usually 100 percent written off?

2023 TD1 Federal Form – line 7

Hello, I need help to fill TD1. My family is on Canadian PR. I am the only one earning and my wife is a homemaker (no income, but she is PR). Can I claim $15000 as amount on line 7 for 2023 federal TD1 form and can I also put my child as dependent and … Continue reading 2023 TD1 Federal Form – line 7

is a medical corporation a qualified small business corporation

Hi, I am a retired physician with a professional corporation (now for investment purposes only since I retired) and would like to know if such a corporation is a “qualified small business corporation” for CRA purposes. In other words, can we (me and my wife are shareholders) claim the Lifetime Capital Gains Exemption? I tried … Continue reading is a medical corporation a qualified small business corporation

Mr Craig Gournier

Restricted content

T2 Prior Adjustments

Restricted content

secured LOC

Restricted content

Pin It on Pinterest