This guide highlights the critical choice between asset and share deals. Buyers typically prefer asset purchases for a fresh tax basis and liability protection, while sellers favor share sales for capital gains tax efficiencies. This article details purchase price allocation strategies, avoiding GST/HST using a Section 167 election, and the strict due diligence needed to uncover hidden liabilities of an existing restaurant.

A complete guide for tax on employee tips for restaurant owners in Vancouver, Surrey, Victoria, and BC. Learn CRA rules for controlled vs. direct tips from a local CPA.

The ultimate guide to cryptocurrency taxation in Canada. Stay ahead of the CRA to ensure you are reporting your crypto activities correctly.

Discover how to maximize your Restaurant Tax Deductions in Vancouver and avoid CRA audits. Learn key strategies for Restaurant Tax Deductions in Vancouver.

A complete guide to restaurant GST and PST rules for business owners in Vancouver and British Columbia. Learn how to avoid costly CRA audits. Written by a local CPA.

In this post, we'll explore the tax implications of earning a salary in Bitcoin in Canada, the reporting requirements, & some helpful tips!

In Canada it is extremely important to keep track of all cryptocurrency trades to remain onside with the Canada Revenue Agency (CRA). The CRA views cryptocurrency as a commodity for tax purposes, therefore, cryptocurrency trading may result in tax implications to be reported on the tax return. The CRA assigns the responsibility of tracking and reporting this income solely to the taxpayer. Contrary to common belief, all cryptocurrency trades are taxable for Canadians. Many in

If you have purchased and sold investments such as cryptocurrency, stocks, mutual funds, or other capital property, you may be subject to adverse tax consequences through the superficial loss rule. Although many taxpayers are not familiar with the superficial loss rule, the CRA still assigns the responsibility of correctly tracking and reporting the implications of this rule solely to the taxpayer. The superficial loss rule denies a capital loss when you sell and repurchase t

Are you starting a side hustle? You may want to incorporate to save tax. This article discusses the various tax factors to consider.