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What's NEW at KTL Chartered Professional Accountants Partners
July 2020 Newsletter
- More On The Canada Emergency Wage Subsidy
- Taxation Of Options
- Associated Corporations And The Small Business Deduction
- How The Dividend Tax Credit Works
- Around The Courts
May 2020 Newsletter
- COVID-19 Tax Relief
- Interplay Between Spouse, Equivalent To Spouse, And Care Giver Credits
- Allowable Business Investment Losses
April 2020 Newsletter
- Splitting Pension Income With Your Spouse
- Life Insurance As Collateral - Premiums May Be Deductable
- Charitable Donations On Death
- Charitable Donations On Death For Publicly-Traded Securities
- Donations Made By Spousal Trusts After Death Of Beneficiary
- Federal Budget Delayed
- Carryback Of Estate Capital Losses
March 2020 Newsletter
- Update On Charity Donation Tax Shelters
- Deducting Interest Expense
- Leap Year Reminder: Trust Return Deadline
- New Standard For The CRA Needing To Be “Reasonable”
- Don’t Do Too Much Trading In Your TFSA
- International Tax Rules – Massive Changes
- Around the Courts
February 2020 Newsletter
- Taxation On Death
- Significance Of Canadian Residency
- Update On Employee Stock Options
- Around the Courts
January 2020 Newsletter
- Increased Basic Personal Credit
- Superficial Losses
- Section 85 Rollovers To Corporation
- Around the Courts
2019 NEWSLETTERS
December 2019 Newsletter
- Estate Planning And Estate Freezing
- The Tax Cost Of Leaving (Or Losing) Your Job
- Around the Courts
November 2019 Newsletter
- Deduction Of Interest Expense
- Spousal And Child Support Payments
- Non-Arm's Length Transfers Of Property
- Around the Courts
October 2019 Newsletter
- Income Attribution Rules
- Unused Losses - Carry Them Back or Forward
- Overview of Tax Filing and Payment Dates
- Campground Businesses and the Small Business Deduction
- Around the Courts
- Quebec Filing Extension
September 2019 Newsletter
- Tax Quiz
- Bare Trust And Nominee Agreements
- Around The Qourts
- Tax Quiz - The Answers
- Erratum August 2019 Tax Letter
August 2019 Newsletter
- Taxation Of Partnerships
- Reserves For Accounts Receivable
- Reserves For Capital Gains
- Employee Loans
- Sale Of Debt Instrument With Accrued Interest
- Debt Forgiveness Rules And Insolvent Corporations
- Around the Courts
July 2019 Newsletter
- CCPCS And Investment Income
- Change Of Control Of Corporations
- Principal Residence Exemption Including Rental Property
- Foreign Exchange Gains And Losses
- Around the Courts
June 2019 Newsletter
- Employee Or Independent Contracting
- Foreign Tax Credit - Make Sure The Foreign Tax Is Mandatory
- GST/HST - Risks Of Dealing With A Shady Supplier
- Around the Courts
May 2019 Newsletter
- Federal Budget Highlights
- The Capital Gains Exemption
- Debt Instruments Without Annual Interest Payments
- Apprenticeship Job Creation Tax Credit
- Around the Courts
April 2019 Newsletter
- Taxation of Partnerships
- Reserves For Accounts Receivable
- Reserves For Capital Gains
- Employee Loans
- Sale Of Debt Instrument With Accrued Interest
- Debt Forgiveness Rules And Insolvent Corporations
- Around the Courts
March 2019 Newsletter
- HST Quiz - Is Your BUsiness Charging It Properly?
- Non-Quebec Businesses Selling To Consumers In Quebec
- When Can The CRA No Longer Reassess You?
- Tax-Free Savings Accounts
- HST Quiz - The Answers
- Around the Courts
February 2019 Newsletter
- Debt Forgiveness Rules
- Taxation of Trusts And Beneficiaries
- RRSP vs. TFSA - Where To Contribute?
- Prescribed Automobile Rates For 2019
- Around the Courts
January 2019 Newsletter
- Two RDTOH Accounts Starting In 2019
- Accelerated Capital Cost Allowance
- Response To U.S. Coirporate Tax Cuts
- Re-Allocation Of Proceeds On Sale Of Land And Building
- Around the Courts
2018 NEWSLETTERS
December 2018 Newsletter
- Year-End Planning
- Buying A Truck For Your Business Near Year-End?
- Charities and GST/HST
- Around the Courts
November 2018 Newsletter
- Inter-Corporate Dividends
- Charitable Donations On Death
- Taxation Of Put And Call Options
- Employee Stock Options
- Around the Courts
October 2018 Newsletter
- Allowable Business Investment Losses
- Deemed Disposition Of Property Upon Death
- Significance of "Associated Corporations"
- Do You Always Need To File A Tax Return?
- Around the Courts
September 2018 Newsletter
- Starting A Home Business - Points To Ponder
- The GST/HST New Housing Rebate
- Working Income Tax Benefit Scams
- Around the Courts
August 2018 Newsletter
- ISuperficial Losses
- Rollovers Into Certain Personal Trusts
- Splitting Pension Income With Your Spouse
- Deduction Of Life Insurance Premiums
- Prescribed Interest Rates
- Around the Courts
July 2018 Newsletter
- Interest Expense And "Disappearing Source" Rule
- Interest Expense And Direct Use Rule
- Transfers Between Related Persons
- Tax-Free Transfers To Your Corporation
- Around the Courts
June 2018 Newsletter
- Are You A Director Of A Corporation? Beware!
- Employee Expenses Claimed By Shareholders
- CRA Backs Down From Adler
- Canada Child Benefit To Be Indexed Starting July 2018
- Finding The Law
- Around the Courts
May 2018 Newsletter
- CCPC Passive Investment Income Proposals
- The Income Attribution Rules
- Adoption Tax Credit
- Prescribed Interest Rates
- Around the Courts
April 2018 Newsletter
- Federal Budget Highlights
- Shareholder Loans
- Caregiver, Spousal, And Equivalent to Spo Credits
- Around the Courts
March 2018 Newsletter
- Last Chance to Get Ahead of Prescribed Rate Increase
- Should You File If You Can't Pay
- Do You Have A Large Bank Account In Another Country
- The GST or HST Component In Settling A Business Dispute
- Around the Courts
February 2018 Newsletter
- Low Prescribed Interest Rates: Potential Tax Planning
- Change of COntrol of Corporation
- Loss Carryovers
- Unearned Income
- Prescribed Automobile Rates for 2018
- Prescribed Interest Rates
- Around the Courts
January 2018 Newsletter
- Changes To The Income Sprinkling Proposals
- CCPC Investment Income – Still Some Tax Savings Opportunities
- Foreign Exchange Gains And Losses
- Principal Residence Exemption
- Graduated Rate Estates
- Around the Courts
2017 NEWSLETTERS
December 2017 Newsletter
- A Wild October
- CRA Drops Plans to Register Tax Preparers
- Change To Market Settlement Rule Affects Year-End Tax Selling
- Year-End Planning
- Around the Courts
November 2017 Newsletter
- Employee Discounts
- Personal Use Property
- The Taxation of Partnerships
- Deduction of Car Expenses
- Electronic Distribution of T4 Information Slips
- Around the Courts
October 2017 Newsletter
- Capital Gains Exemption And Proposed Changes
- Employee Loans (Including Recent Changes To Home Relocation Loans)
- Taxation Of Dividends
- Transfers Of Property To Trusts
- Around the Courts
September 2017 Newsletter
- The July 18 Proposals — New Tax Rules For Small Business
- Convention Expenses
- Last Year To Use Charitable Donation "Stretch" Credit
- Computer Consultants
- Around the Courts
August 2017 Newsletter
- Sale Of Building Used For Business Or Rental – Possible Denial Of Terminal Loss
- Canadian Inter-Corporate Dividends
- Small Business Corporation Going Public
- Section 84.1: The Deemed Dividend Trap
- RRSP Home Buyers’ Plan
- Around the Courts
July 2017 Newsletter
- Employer-Provided Cars And Taxable Benefits
- Capital Dividends
- New Family Caregiver Credit
- Allowable Business Investment Losses (Abils)
- Charitable Donations On Death
- Around the Courts
June 2017 Newsletter
- Cra Access To Your Records
- Public Transit Pass Credit Eliminated — Timing
- In Vitro Fertilization As A Medical Expense
- Gst/Hst On Settling A Business Dispute
- Transferring Shares To Your Rrsp
- Around the Courts
May 2017 Newsletter
- Federal Budget Highlights
- Section 85 Tax-Free Rollover To Corporations
- Taxation On Death
- Around the Courts
April 2017 Newsletter
- Child Care Expenses
- Interplay Between Credits In Respect Of Infirm Dependents
- Tax Treatment Of Options
- Associated Corporations
- Around the Courts
March 2017 Newsletter
- "Rectification" To Fix Tax Mistakes Will Now Be Rare
- Request A Determination If You Have A Loss
- RRSP, RRIF And TFSA Fees Will Have To Be Paid From The Plan
- TFSA Contribution Limits
- Make Money Volunteering For A Charity
- Watch Out For Short Taxation Years
- Around the Courts
February 2017 Newsletter
- Shareholder Benefits And Loans
- Taxation Of Trusts And Beneficiaries
- 2017 Automobile Rates For Tax Purposes
- Around the Courts
2016 NEWSLETTERS
December 2016 Newsletter
- Paying Non-Residents – Watch Out For Withholding Tax!
- Foreign Bank Accounts To Be Reported Worldwide
- Do You Have To Charge Gst/Hst If You Have Only A Little Business Income??
- Simplified Instalments If You Have The Cash
- Correction: Banks Need Not Accept Cheques For Income Tax Payments
- Around the Courts
November 2016 Newsletter
- Changes To Principal Residence Rules For Non-Residents
- New Reporting Rule For Principal Residence
- Income Attribution Rules
- Kiddie Tax On Minors
- New Rules For Linked Notes
- Prescribed Interest Rates
- Around the Courts
October 2016 Newsletter
- Changes To Eligible Capital Property Rules
- Foreign Exchange Gains And Losses
- What Happens On A Change Of Control Of A Corporation
- New Rules For Switch Funds
- New Testamentary Trust Rules In Full Swing
- Around the Courts
September 2016 Newsletter
- You Can Be Liable For A Family Member Tax Debts
- A Tip If You Have A Corporation And No Employment Income
- Banks Must Accept Cheques For Income Tax Payments
- None-Compliance In The Real Estate Sector
- Around the Courts
August 2016 Newsletter
- Moving Expenses
- Loss Carryovers
- Affiliated Persons (For Superficial Loss Rules
- Stock Dividends
- Prescribed Interest Rates
- Around the Courts
July 2016 Newsletter
- Deducting your Car Expenses
- Earned Income for RRSP VS Child Care Purposes
- Gains and Losses from Personal-Use Property
- GTS/HST Between Related Corporations
- Tax-Free Savings Accounts (TFSAs)
- Around the Courts
June 2016 Newsletter
- HST Rate Chnages
- Tax Breaks For Persons With Disabilities
- Do You Make Donations To US Charities
- Gas Tax Refunds For Charities And Persons With Disabilities
- Can You Sue The CRA?
- Around the Courts
May 2016 Newsletter
- Federal Budget Highlights
- The Capital Gains Exemption
- Reserves For Receivables
- Around the Courts
April 2016 Newsletter
- Proposed Amendments To Donation Rules For Estates
- The Dividend Tax Credit
- Taxation And Partnerships
- Low Interest Employee Loans
- Replacement Property Rules
- Around the Courts
March 2016 Newsletter
- First-Time Home Buyer's Credit
- Capital Gains Or Income
- Court Cases - Why Are They Important
- Around the Courts
January 2016 Newsletter
- Draft Legislation for 2016 Tax Changes
- Finance Proposes Changes to Rules Goverining Spousal and Similar Trusts
- Tax-Free Transfers for Property to your Corporation
- Capital Dividends
- Around the Courts
2015 NEWSLETTERS
December 2015 Newsletter
- Tax Treatment of Put and Call Options
- Non-Residentials with Canadian Rental Income
- Child Care Expenses
- Prescribed Interest Rates
- Around the Courts
November 2015 Newsletter
- Tax Treatment of Put and Call Options
- Non-Residents with Canadian Rental Income
- Child Care Expenses
- Prescribed Interest Rates
- Around the Courts
October 2015 Newsletter
- Taxation of Trusts
- Transfer of Dividend to Higher Income Spouse
- Shareholder Loans
- Around the Courts
September 2015 Newsletter
- Tax Shelter Dangers
- Emigration from Canada
- Charity Donation Receipts
- GTS/HST Between Related Corporations
- Around the Courts
- Erratum
August 2015 Newsletter
- Associated corporations
- Death of Income Taxes
- Sale of Building with Terminal Loss and Land with Gain
- Reserves for Receivables
- Prescribed Interest Rates
- Around the Courts
July 2015 Newsletter
- The income Attribution Rules
- Inter-Corporate Dividends
- Superficial Losses
- Around The Courts
June 2015 Newsletter
- The 2015 Federal Budget, Nice Changes and New Perspectives
- Dangers of Filing a Corporate Return Very Late
- Around the Courts
May 2015 Newsletter
- Employee Stock Options
- Foreign Exchange
- Gains and Losses
- Caregiver and Infirm Dependent Credits
- Making Tax Instalments
- Earned Income for RRSP Purposes
- Around the Courts
April 2015 Newsletter
- Major Changes affect Will Planning
- CRA Online Services
- Registration of Tax Preparers to Start in 2016-2017
- GST/HST - Risks of Dealing with a shady Supplier
- Severe Penalty for Repeated Unreported Income
March 2015 Newsletter
- Major Changes affect Will Planning
- CRA Online Services
- Registration of Tax Preparers to Start in 2016-2017
- GST/HST - Risks of Dealing with a shady Supplier
- Severe Penalty for Repeated Unreported Income
February 2015 Newsletter
- Tax Bracets and credit amounts for 2015
- Personal Use Property
- Carrying Losses over to other years
- Tax Brackets and Credit Amounts for 2015
- Moving from Canada - Tax Implications
- Testamentary Trusts: Last year for Preferential Taxation
- Prescribed Interest Rates
- Around the Courts
January 2015 Newsletter
- Moving Expenses
- Taxation of Spousal and Similar Trusts
- Capital Gains Exception
- Partnership Information Returns
- Around The Courts
2014 NEWSLETTERS
December 2014 Newsletter
- New Tax Benefits for Families With Children
- HST Quiz – Is Your Business Charging Properly?
- RRSP Deduction Limits
- Foreign Tax Credit – Make Sure The Foreign Tax is Mandatory
- Buying Property From A Non-Resident
- Around The Courts
November 2014 Newsletter
- Child Fitness Credit Doubled And Will Be Refundable
- Replacement Property – Possible Tax Deferral
Principal
- Residence Exemption
Reserves For Receivables and
- Unearned Receipts Around the Courts
October 2014 Newsletter
September 2014 Newsletter
- Ten Common Tax Mistakes
- The tax cost of leaving or (or losing) your job
- When can the CRA no longer reassess you
August 2014 Newsletter
- RRSP Home Buyers' and Lifelong Learning Plans
- Write off Bad Debts and Worthless Shares
- Child Care Expenses
July 2014 Newsletter
- Employee Deductions
- Shareholder Loans
- RRSPs, RRIFs and Spousal Attrition Rules
June 2014 Newsletter
- Are you a Director of a Corporation? BEWARE!
- Estate Planning and Estate Freezing
- Around the Courts: The new Housing Debate
May 2014 Newsletter
- Taxation on Death: "Deemed Disposition Rules"
- Transfer and Carry Forwards of Tuition & Educational Credits
- Child Tax Benefits and UCCB: Invest without Attribution
April 2014 Newsletter
- Federal Budget Highlights
- Allowable Business Expenses Loss
- Capital Gains Splitting with your Minor Children
March 2014 Newsletter
- US Citizens BEWARE! Your bank is telling on you!
- Deducting Interest Expense
- The TFSA comes into its own
- Innocent Under-reporting of income: HUGE PENALTIES
February 2014 Newsletter
- 2014 Prescribed Automobile Amounts
- 2013 Meal and Wheel Vehicle rates for moving expenses
- TAX-DEFERRED Transfers to your Corporation
- Deduction of Premiums for Life Insurance Used as Collateral
January 2014 Newsletter
- Indexation of Personal Tax Amounts for 2014
- Character conversion transactions
- Eliminating Labour-sponsored tax credit
2013 NEWSLETTERS
December 2013 Newsletter
- Year End Tax Planning Ideas
- Employer-provided Parking
- Zapping the zappers
November 2013 Newsletter
- Carrying over losses to other years
- Employer-provided education payments for your children
- Foreign Exchange Gains
- Sickness, Accident or disability insurance plans for employees
October 2013 Newsletter
- Taxation of Trust and Proposed Changes
- Moving Expenses
- Gains and Losses from Personal-Use Property
September 2013 Newsletter
- Immigrating to Canada
- Giant Technical Bill Passed - Hundreds of Tax Changes
- What if you disagreed with the CRA?
August 2013 Newsletter
- Renting out your Home - Effect on Principle Residence Exemption
- Spousal and Child Support Payments
- Higher Tax for Personal Services Business Corporation
July 2013 Newsletter
- Income Tax Relief for First time Home Buyers
- Registered Education Savings Plan
- New Penalty Tax for EPSPS
- New Loss-Trading Rules for Trusts
June 2013 Newsletter
- Transferring your Shares to your RRSP
- Selling a Condo Parking Space - Surprise Refund
- The GST or HST Component of settling a Business Dispute
May 2013 Newsletter
- Federal Budget Highlights
- Employee Loans
- Business Car Expenses
- Small Business Deduction
April 2013 Newsletter
- Replacement rules for Capital Property
- Shareholder loans
- Capital Gain Reserves
- Eligible and non-Eligible Dividends
March 2013 Newsletter
- Employee or Independent Contractor?
- Sales Taxes - GST, HST, PST or QST?
- Sarting a Home Business - Points to Ponder
Feb 2013 Newsletter
- Prescribed automobile amounts for 2013
- Superficial Losses
- Taxation on Death
- Income Splitting and the Attribution Rules
- Children's Fitness and Arts Credits
- ERRATUM Re: Child Care Expenses
Jan 2013 Newsletter
- Indexation of Personal Tax amounts for 2013
- TFSA Limit Increased for 2013
- Automobile Stand-by and Operating Charge Benefits and GST/HST
- Child Care Expenses
- Adoption Tax Credit
- CPP Contribution rates for 2013
2012 NEWSLETTERS
December 2012 Newsletter
- Year End Tax Planning Ideas
- Be Careful about NOT reporting all your income
- GST on First Nations Reserves
- You can be reliable for a family member's tax debts
- Around the Courts
November 2012 Newsletter
- Changes to employee profit sharing plan rules
- Transferring Property to your corporation
- Employer-paid tuition and related costs
- Employee Gifts and Awards
October 2012 Newsletter
- Tax Credits for people supporting infirm Dependants
- Trusts for Minors
- Reductions to Investment Tax Credits
September 2012 Newsletter
- Would you like some Tax-Free income?
- Charging GST OR HST on disbursements
- Employer Provided Child-Care
August 2012 Newsletter
- Canada Revenue Agency Closes Telefile Service
- Personal Loans to your Children
- Loss Carryovers
- Personal use Property
July 2012 Newsletter
- Principal Residence Owing Exception
- Moving Expenses
- Carry back of Estate Losses
- TAX-FREE ROLLOVERS between Spouses
June 2012 Newsletter
- Tax preparers will have to file electronically
- HST changes coming: BC OUT, PEI IN, NOVA SCOTIA DOWN
- Tax Collection across international boundaries
May 2012 Newletter
- Federal Budget Hilights
- TAX-FREE Rollovers to certain TYPES OF TRUSTS
- Home Office Expenses
- A ssociated Corporation Rules
Federal Budget Commentary to Download (PDF)
April 2012 Newsletter
- New RRSP Penalties
- Transfer of Dividend Tax Credit to Spouse
- Public Transit Credit
- Apprentice Tax Credit
March 2012 Newsletter
- "Rectification" - Fixing Tax Mistakes
- Spousal Supports - Payments to Third Parties
- Leap Year Reminder - Trust T3 Returns
- GST or HST on Wheelchairs
February 2012 Newsletter
- Recording your Business Automobile Expenses
- Prescribed automobile amounts for 2012
- Employee Loans
- Shareholder Loans
- CRA Simplified Rates for Moving Expenses incurred in 2011
January 2012 Newsletter
- Indexation of amounts for 2012
- Changes for eligible Dividends in 2012
- Changes to Employee and Shareholder Benefit Rules
- Shareholder Loans
- Tax Benefits for First-Time Home Buyers
- CRA Warns of "Tax Protester Schemes"
2011 NEWSLETTERS
December 2011 Newsletter
- The Leap Year Bites - Watch those Deadlines!
- Make Money Volunteering for a Charity
- Watch out for Short Taxation Years
- Do you make Donations to US Charities?
November 2011 Newsletter
- New Family Caregiver Tax Credit
- Taxation of Trusts and Beneficiaries
- Estates adn Testamentary Trusts
October 2011 Newsletter
- The CRA on over-contributions to TFSA's
- The "Kiddie Tax"
- Child Care Expenses
Sep 2011 Newsletter PDF
- Emigration from Canada
- U.S. Citizens and Tax Free Savings Account
- Come HST/GST Quirks you might need to know
August 2011 Newsletter PDF
- CRA Policy on Employee Gifts and Awards
- Details of the Children's Arts Tax Credit
- The "Equavalent to Spouse" Credit
- Tax Alert: CRA warns of PHISHING Schemes
July 2011 Newsletter PDF
- Federal Budget Highlights
- Tax-Free Rollovers to your corporation
- No attribution for invested child care benefits
June 2011 PDF
- Corporate Tax Rates going Down
- A Tax Tip when you make Investments
- Capital Dividends - A way to get Tax-free Dividents
May 2011 PDF
- Pension Income Splitting
- Deducting Premiums on Life Insurance used as Collateral
- Transfers to Spouses
- Carryover of Losses
April 2011 PDF
- New Rollover to Registered Disability Savings Plan
- Moving Expenses
- Repair Costs on Rental Property
- Expenses for Commissioned Employees
March 2011 PDF
- PRE-2011 STOCK OPTIONS — ELECTION DEADLINE MAY BE APRIL 30
- CAPITAL GAINS OR INCOME?
- HIGH TAXES ON MODEST EMPLOYMENT INCOME
February 2011 PDF
- Registered Education Savings Plan
- Filing Requirement for Partnerships– NEW CRA POLICY
- 2011 Automobile Reduction and Benefit Limits
- General Corporate Tax
January 2011 PDF
- Indexation of Amounts for 2011
- Changes for Eligible Dividends
- Transfer of Dividend Tax Credits to Spouse
- Home Office Expenses
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Newsletter in PDF format
July 2020 Newsletter
TAX SEASON INFO:
Key Points Canada's COVID-19 Economic Response Plan March 2020
General Info on Personal Income Tax Returns
Personal Tax Planning Checklist (Canada)
Personal Tax Planning Checklist (USA)
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