Archive for the ‘Investments’ Category

Determining the CAPITAL DIVIDEND ACCOUNT BALANCE: no longer a shot in the dark?

Tuesday, August 9th, 2016

The capital dividend account (“CDA”) is a tax free surplus account within a private corporation which gives shareholders designated capital dividends, tax-free. The CDA typically contains the non-taxable portion of the company’s capital gains net of capital losses, capital gains received by other companies, proceeds of life insurance on death ...

Principal Residence Exemption and some of the “What if’s”

Tuesday, July 26th, 2016

In my last blog, I wrote about the role of “beneficial” ownership in the determination of whether a property qualifies for the principal residence exemption. With an acknowledgment to Keith Masterman of “Advisor.ca”, I thought I would take the opportunity to write about some other “what if’s” and how the exemption ...