Pay Less Tax on Rental Income
Is there a way to avoid paying high-rate tax (46.67%) and have more after-tax profits available for real estate expansion plans?
Jared PilonAugust 24, 2023 | View Post
Alternative Minimum Tax: Will you or your trust be impacted?
Alternative Minimum Tax rules are a complex aspect of the Income Tax Act. The rule changes outlined in Budget 2023 will complicate matters further.
Jared PilonAugust 8, 2023 | View Post
Intergenerational Business Transfers
Billions in Canadian farming assets are set to transition in the next decade. Business succession planning should be top of mind for all food and agribusiness owners.
Jared PilonJuly 26, 2023 | View Post
Unequal Treatment & Blended Families
Parents may add a child as joint owner on an asset to save probate fees. If this is done with a right of survivorship and the child is noted as a true joint owner, the child will receive the asset upon passing of the parent.
Jared PilonJanuary 16, 2023 | View Post
Loss of Control & Creditor Exposure
When you add a joint owner to an asset, you give up control of this asset. This results in a hindrance in the process of mortgaging or selling the property in comparison to when you were the sole owner.
Jared PilonJanuary 16, 2023 | View Post
