Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 Steve Jobs was wearing jeans and sandals under a black graduation gown as he stepped to the podium to deliver Stanford University’s commencement address in June 2005. It was quite a scene, with some 23,000 faculty members, alumni, newly minted graduates, and […]
Daily Archives: February 11, 2021
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Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 Good communication is key to securing partnerships. Here are a few tips for how you should go about it: If you’re an entrepreneur, it’s easy to focus on selling products or services and forget about the larger picture at hand. Selling […]
Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 Individuals that receive certain types of income derived from a “related business” will be subject to Tax on Split Income (TOSI) unless an exclusion applies. TOSI is subject to the highest personal tax rate with no benefit of personal credits. Commencing on January […]
Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 A December 11, 2017 Tax Court of Canada case examined whether a taxpayer was liable for unpaid income taxes of the corporation of which he was a director. CRA’s assessment was based on the assertion that the taxpayer was a legal representative of […]
Leading Tax Advice Call Nicholas Kilpatrick 604-612-8620 In an August 14, 2019 Tax Court of Canada case, at issue was whether the sales of four properties in B.C. were on account of income (fully taxable) or capital (half taxable), and whether they were eligible for the principal residence exemption (potentially […]