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  • Introduction to Taxable Income in Canada – Part II
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    Introduction to Taxable Income in Canada – Part II

    In the most basic sense, taxable income is a proxy for the value you have received during the year, and for which you are required to pay income tax. And while most Canadians are familiar with the concept of income tax and taxable income, at least in principle, many Canadians find income taxes to be a complicated and confusing area of their lives. A common...

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  • Introduction to Taxable Income in Canada – Part I
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    Introduction to Taxable Income in Canada – Part I

    Despite the recent push towards the promotion of financial literacy education in Primary and Secondary Schools, many Canadians feel in the dark when it comes to understanding personal income taxes. A recent CIBC poll indicated that more than half of Canadians are unaware they are required to pay tax on interest income earned on an everyday savings account....

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  • Section 85 and Corporate Income Tax Planning
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    Section 85 and Corporate Income Tax Planning

    In this blog, we discuss methods and circumstances around using Section 85 Tax Rollovers, and provide examples of how this rollover would work. A Section 85 Tax Rollover (“rollover”) is a term used to describe a special tax technique that allows a taxpayer to defer all or part of the income which would otherwise be incurred and taxed upon transfer of ass...

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  • Why do I Need a Valuation? Estate Planning
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    Why do I Need a Valuation? Estate Planning

    Entrepreneurs must establish proper values of their businesses, not only to satisfy tax requirements, but also to ensure an orderly transition and distribution of assets for their family members. Learn the ins and outs of this process and how it relates to estate planning in the latest Davis Martindale blog. “In this world, nothing can be said to be certa...

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  • DivorceMate – Two Key Gross-Ups
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    DivorceMate – Two Key Gross-Ups

    In this blog, we discuss two key gross-ups available in DivorceMate, and when it may be appropriate to use each. Since DivorceMate began providing family law software solutions in 1987, it has since become ubiquitous in the Canadian marketplace. Simply enter a little information, hit a few buttons, and voilà – spousal support calculations in accordance w...

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