Insights

Rare decision by Tax Court of Canada ruling in favor of AgraCity Canada over transfer pricing dispute with CRA.

While the legislation (and details) around Personal Real Estate Corporations (PRECs) have yet to be released, there are a few things real estate professionals can do today to prepare.

Support for Canadian entrepreneurs comes from many sources and both the federal and provincial governments offer incentives to build and foster successful start-ups.

Ontario real estate salespersons and brokers are now permitted to incorporate in Ontario with the passage of Bill 145 of the Legislative Assembly of Ontario.

In response to COVID-19, the federal government has updated existing programs or launched new programs to support project-based initiatives. We have outlined some options available and highlighted the requirements for approval.

If you’re confused about whether your Canadian business needs to pay US state and local taxes (SALT), you’re not alone.

If you’ve already incorporated your business, you are likely benefiting from some of the advantages of incorporation, including limited liability, tax deferral of funds reinvested in your business and the ability to initiate family planning. Your incorporated business may stand to benefit even further if it is considered a small business corporation. Doane Grant Thornton LLP shares four reasons why you want to ensure your corporation attains and maintains its status as a small business corporation (SBC) or qualified small business corporation (QSBC).

Transfer pricing dates back to 1917. Doane Grant Thornton LLP has developed a service model that is both a roadmap and a checklist relating to best practice transfer pricing governance processes and procedures.