Accounting Information You Can Count On

Delve into The Bottom Line – our monthly news blog filled with practical accounting information for businesses both big and small. Uncover valuable tips and industry insights that will help you calculate your path to success.

Tax Considerations For Executors

Being asked to be the Executor of someone’s estate is a significant responsibility, often coming at a very sad time if that person is a family member. The responsibility is not something which should be taken on lightly. The estate administration process can sometimes take years to complete. There are...

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Deducting Interest Expense

Under the Income Tax Act, interest expense can be deducted from business income or property income if certain conditions are satisfied: There must be a...

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10-Year Limitation Period on Tax Collection

What happens if you have an old debt owing to the CRA? Is there a deadline after which the CRA can no longer collect it...

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Taxation of Cryptocurrency

The volatility of cryptocurrency is well-known. Holding assets such as Bitcoin can result in huge gains in value over a relatively short duration. It can...

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TFSA Lifetime Limit

The Tax Free Savings Account (TFSA) rules allow you to invest a substantial amount of money in a TFSA. All interest, dividends and capital gains...

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Benefits of Establishing a Family Trust

Estate planning is an important consideration for all individuals, irrespective of their level of wealth. Poor planning, or no planning, can result in an excessive...

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Claiming Your Capital Gains Exemption on The...

The Lifetime Capital Gains Exemption (LCGE) is an incredibly valuable tax exemption. Every individual is entitled to this exemption and it currently (for 2023) can...

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Accounting Information You Can Count On

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