Our Insights
In the news | Les Affaires | Justine Delisle | Succeeding a transition with the support of a CPA
Our partner, Justine Delisle, explained the different elements of Richter's Financial Literacy Program, in an interview with Les Affaires.
New 2021 Filing Requirements for Trusts
Many trusts were not required to file trust income tax returns before the 2021 taxation year, but now they are. Along with the requirement to file the returns is a new requirement to disclose information about the trust settlors, trustees, and beneficiaries. Failure to disclose can result in a penalty of up to 5% of the value of the trust assets which can be very costly if not identified.
New Trust Filing and Reporting Requirements
The federal 2018 budget announced new trust filing and reporting requirements that are coming into force in the 2021 taxation year. A trust is currently only required to file an income tax return for taxation years in which the trust owes tax or disposes of property. As of the 2021 taxation year, most trusts will be required to file income tax returns for every taxation year.
Credit Card Rewards: A Grey Zone of United States Taxation?
Have you ever used your credit card for the reward points? Most know that making purchases with credit cards allows …
In the news | Espace | Vincent De Angelis | Navigating the Tax Maze – The Entrepreneur and Real Estate
There are immediate and long-term benefits for properly managing the income tax implications of owning real estate. This means careful attention must be continuously paid to structuring and monitoring the activity of the entrepreneur and their real estate portfolio to allow for the maximization of after-tax net operating income and the accumulation of wealth.
In the news | Espace | Gavin Reiff | Street Smarts: Adaption is on the Horizon for Strategic Investors and Tenants
If the macro-environment has impacted your preferences, either through your business or personally, and you are contemplating a re-location there are number of real-estate related factors that should be considered.
2021 Ontario Tax Rate Cards
The 2021 Ontario Tax Rate Card is now available! Download the full copy (available in English only) : Ontario - Tax Rate …
2021 Quebec Tax Rate Card
The 2021 Quebec Tax Rate Card is now available! Download the full copy: Quebec - Tax Rate Card
What is the Personal Information Protection Law from China?
Taking effect on November 1, 2021, the new Personal Information Protection Law (PIPL) will impact organizations that have a physical or digital presence in China.