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Dany Turgeon Tax Services Inc.
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🚗 Taxable Benefits & Audit Risks: What Accountants Should Tell Their Clients
My company pays for my pickup...great!
danyturgeon
3 days ago2 min read
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![In the following org chart, do corporations have to share the $500,000 business limit?[1]](https://static.wixstatic.com/media/082ee7_9073c971914243c196cd31fd7cbb5751~mv2.png/v1/fill/w_636,h_368,fp_0.50_0.50,lg_1,q_35,blur_30,enc_avif,quality_auto/082ee7_9073c971914243c196cd31fd7cbb5751~mv2.png)
![In the following org chart, do corporations have to share the $500,000 business limit?[1]](https://static.wixstatic.com/media/082ee7_9073c971914243c196cd31fd7cbb5751~mv2.png/v1/fill/w_636,h_368,fp_0.50_0.50,lg_1,q_95,enc_avif,quality_auto/082ee7_9073c971914243c196cd31fd7cbb5751~mv2.png)
In the following org chart, do corporations have to share the $500,000 business limit?[1]
The answer is no! In fact, Immo will not have a business limit, and Opco X and Opco Y will each have a business limit if Immo makes an...
danyturgeon
Apr 243 min read
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Change in Use
What are the tax consequences if I have started renting my residence?
danyturgeon
Mar 42 min read
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Real Estate Investor – Quick Sale ("Flip"): Capital Gain or Business Income?
Will your real estate quick sale ("Flip") will be taxed as capital gain or business income?
danyturgeon
Mar 22 min read
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