So many people claim vehicle expenses (for employment income or business income) but very few keep a vehicle log. If you want to claim vehicles expenses, you need to keep a log of all your trips and if it’s related to employment/business or if it’s personal.

Disability affects millions of Canadians. I'm always happy to help folks with questions about the Disability Tax Credit, RDSPs, or CPP Disability for free. Depending on their circumstances, I will waive or reduce my fees for comprehensive planning.

Crazy to think about: Gifting something vs selling it for $1 has huge tax differences. Tax isn’t intuitive.

Remember how I said we were looking to fill a bunch of positions at YBL? We're kicking it off with an HR Manager role! Think remote work, flexible hours, RRSP matching, HSA, tuition reimbursement, and much more. Are you excited by the idea of working in a collaborative, remote

Ontario’s personal tax rates are deceiving. If you look at the highest federal tax rate, it’s 33%. If you look at the highest Ontario tax rate, it’s 13%. But if you look at highest combined Federal and Ontario tax rate, it’s not 46%, it’s 53.53%. How is that possible?

Canadian Tax Guy Surtax is better because it increases the value of your Ontario non refundable tax credits from 5.05% to up to 7.878% (5.05*1.56 for higher surtax), doesn't apply to dividend tax credit or foreign tax credit.

A husband and wife each have their own corporation for their businesses. But they set up a 3rd corporation meant to be a holding company that they will own equally to invest together. Now there’s an issue. Because of the holding company, all 3 corporations are now associated

Big yikes!! I often see Canadians work with someone in the US when they need US tax advice. Instead, they should go to someone in Canada who specializes in Canadian-US tax. The US specialist knows the US rules but not how they interact with the Canadian rules!

Changes to the AMT proposed legislation that make no sense to me… - Resource deductions from flow through shares are now fully deductible for AMT purposes. - Investment management fees are only 50% deductible for AMT. Literally makes no sense.