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Are You Renting Out Part of Your Home? Don’t Overlook the Change in Use Rules!
Are You Renting Out Part of Your Home? Don’t Overlook the Change in Use Rules!
danyturgeon
Jul 32 min read
Protect Your Investments: Understanding the Allowable Business Investment Loss (ABIL)
Investing in or lending money to a small business can be a great opportunity, but what happens if the business fails and your loan is...
danyturgeon
Jun 12 min read
Ontario Fertility Treatment Tax Credit: A Much-Needed Financial Relief
Ontario’s 2025 budget proposed a promising measure for individuals living in Ontario undergoing fertility treatments—a new refundable tax...
danyturgeon
May 212 min read
🚗 Taxable Benefits & Audit Risks: What Accountants Should Tell Their Clients
My company pays for my pickup...great!
danyturgeon
May 132 min read
![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
Change in Use
What are the tax consequences if I have started renting my residence?
danyturgeon
Mar 42 min read
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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