Capital Gains

/Capital Gains

Accounting and Tax considerations for Sole Proprietors, CCPC and Partnerships

This article is written by the Chartered Professional Accounting firm of Edelkoort | Smethurst | Schein as our way of explaining in simplistic terms, the tax implications of operating sole proprietorships, partnerships, and corporations in Canada. Starting with setting up shop as a sole proprietor, and then progressing to establishing a corporation. In between, you [...]

Accounting and Tax considerations for Sole Proprietors, CCPC and Partnerships 2017-08-17T16:13:36+00:00

Selling Real Estate in Canada – New Reporting Requirements

Starting with the 2016 tax year the Canada Revenue Agency has introduced new reporting requirements on personal tax returns for the sale of real estate in Canada, even if the property is a principal residence.  It's no secret real estate markets across Canada have appreciated significantly and it appears the government wants to make sure [...]

Selling Real Estate in Canada – New Reporting Requirements 2016-12-07T10:33:28+00:00

Canadian Individuals Selling U.S. Property

This article examines the individual income tax implications in the U.S. and Canada for Canadians selling U.S. rental properties or personal use properties. For more information pertaining to Canadians purchasing U.S. rental properties, please refer to the accompanying article on our website. […]

Canadian Individuals Selling U.S. Property 2016-11-30T09:59:23+00:00