Bill C-208 – What’s all the Fuss About?

Bill C-208 – What’s all the Fuss About?

BackgroundFor decades, income tax legislation has made it difficult to sell your small business or family farm to a family member and still get concessional tax treatment for the seller. Under legislation that previously stood, if you sold your business to an arms’...
2020 Personal Income Tax Filings

2020 Personal Income Tax Filings

In spite of the challenging environment we are all facing as result of the COVID-19 global pandemic, we have yet to hear from Canada Revenue Agency (CRA) regarding any filing extensions.  For 2020 filings, it is “business as usual”.  Unless CRA grants an extension to...