Charitable Donation Tax Credits – When Can They Be Utilized?

Friday, December 2nd, 2016

Many individuals make donations to charities in their Wills. Not only does this fulfill philanthropic goals, but it also provides a tax benefit.  Making a charitable gift by will provides donation tax credits which can be used to offset the deemed disposition of capital property that occurs on death. There have ...

Tax Deferral Opportunity for CCPC Business Sales is Closing Soon

Friday, November 11th, 2016

Today's blog comes to you from my tax partner, Ronald E. Nobrega. The March 22, 2016 federal budget included a measure to merge the eligible capital property (“ECP”) tax regime under the Income Tax Act (“ITA”) with the ITA’s depreciable property rules.  Eligible capital property includes goodwill and certain other intangibles that were ...