Loaned Funds Can Serve Many Purposes by Arthur Drache, C.M. Q.C. It was one of those mornings where for no discernible reason a discussion on one topic was given a different spin from a completely different source. The original discussion we had was about the possibility of members of a charitable organization making interest free […]
Claiming Musical Instrument Costs Last month, we wrote about how businesses can take advantage of the capital cost allowance (CCA) to depreciate eligible works of art by Canadian artists. The article prompted a response from musicians who requested that we clarify whether they could claim CCA for musical instruments. It just so happens that the […]
The Name Game: Trademarks versus Name Registrations Gone are the days (assuming they existed) when you could paint your business’s name on a shingle, hang it out front, and be done with it. In today’s heavily bureaucratic world, there are many types and levels of registration for different kinds of business names – some mandatory, […]
Bolting the Barn Door After It’s Burned to the Ground By: Adam Aptowitzer In a report entitled “Donor Beware”[1] the Tax Ombudsman opined on the CRA’s administrative responsibilities regarding charitable donation tax shelters. Perhaps the most surprising thing about the report is that it is dated March 19th, 2014 after years of legislative implementation of […]
Spamming will soon be Illegal and contrary to public policy Canada’s anti-spam law will come into force on July 1, 2014. This legislation intends to stop unsolicited commercial electronic messages and unwanted spyware and malware from being transmitted and installed on our computers. It will impact commercial activity in the charity and not-for-profit sector because […]
With Regard to the 2009 Budget, Only Time Will Tell Arthur Drache, January 27, 2009 The government had two priorities in bringing down the 2009 Budget. The first and by far the more important to the government was to survive, which meant bringing down a document which did not offend the Liberals too much. This […]
Changes to RESP Rules Provide Planning Opportunities Arthur Drache, March 26, 2007 The changes to the rules relating to registered Educational Savings Plans announced in the federal budget modestly improve the plans for contributing parents and grandparents.but offer some new and very interesting strategies for the well heeled. Up to the time of the Budget, […]
We Tip our Hat to Flaherty – Personal Tax Matters Arthur Drache, May 02, 2006 With all the speculation in the lead up to the May 2 Budget, we have to say that we remained highly sceptical that the Conservatives would deliver much more than the minimum when it came to matching election promises with […]
The Giving Spirit Meets the Tax Advisor Adam Aptowitzer, December 04, 2006 This is the time of year where parents spend time with their children, co-workers revel in collegiality, retailers rejoice with their profits, and taxpayers look to generate tax deductions and credits. This year may be particularly beneficial for individuals in the latter category […]
Tories Opt for Targeted Tax Breaks Arthur Drache, March 19, 2007 Once again, as he did last year, Finance Minister Jim Flaherty has chosen to give targeted breaks to selected groups of Canadians over broad-based tax cutting But at least this year he didn’t raise tax rates as the Tories did in 2006. Once again, […]