April 21 2016 Robert McMechan, Senior Tax Litigation Lawyer What are the Panama Papers? The Panama Papers, which have caused public outrage, have been the topic of much news lately. They are confidential documents containing information such as the identities of the holders of offshore accounts that were leaked from Mossack Fonseca, a law firm […]
July 3 2015 Hugues Boisvert Founder&CEO, Business Lawyer The concept is simple—if you sell shares of a qualifying corporation for a profit, the first $800,000 of your gain on a lifetime basis can be received on a tax-free basis ($813,600 for 2015 tax year). As usual, under the Income Tax Act, the rules are complicated and it […]
The Canadian Scientific Research and Experimental Development Tax Incentive Program (SR&ED) encourages research and development by offering support to businesses that conduct scientific research or experimental development in Canada. The SR&ED tax incentive program allows businesses to deduct SR&ED expenditures from their income and also provides SR&ED Investment Tax Credit (ITC) to reduce Part 1 […]