Practical advice in accounting and taxation

At HNA, we love to share our knowledge and insights. After all, cultivating your ambition also means stimulating your curiosity by staying ahead of your questions with intellectual agility! Read on to discover some useful advice, grouped by subject. Happy reading!

Insights

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  • Tax letter – March 2024

    • Deadline pending! Do you need to file a trust return?
    • Estate plannig and estate freezing
    • TFSA lifetime limit
    • When can the CRA no longer reassess you?
    • Around the courts
  • Tax letter – January 2024

    • Claiming your capital gains exemption on the sale of shares
    • Should you pay tax if you haven’t filed a return?
    • Assets outside of Canada ? Check if you need to report these
    • Around the courts
  • Tax letter – December 2023

    • Underused housing tax – Deadline extended again
    • Capital gains or income?
    • Buying a truck for your business near year-end?
    • GST/HST – Risks of dealing with a shady supplier
    • Around the courts
  • Tax letter – November 2023

    • Some year-end tax considerations
    • Underused housing tax penalties now applicable
    • Extension of deadlines for CEBA loan repayment
    • Change to corporate paper filing limit
  • Tax letter – October 2023

    • Moving expenses – Overlooked tax expense?
    • Getting CRA to waive or cancel penalties and interest
    • CRA terminating 120 employees for CERB violations – Agency employees do make mistakes, options exist, if aggreived, do consult
    • Around the courts
  • Tax letter – September 2023

    • You can be liable for a family member’s tax debts!
    • A tip if you have a corporation and no employment income
    • Bare trust and nominee agreements
    • A tax tip when you make investments
    • Should you file you can’t pay?
    • Around the courts
  • Tax letter – July 2023

    • The family business and the capital gains exemption
    • Can you borrow from your RRSP without paying tax on the withdrawal?
    • Taxable benefit updates, including new policies for virtual social events
    • Around the courts
  • Tax letter – June 2023

    • Aggressive tax planning gets more risky
    • Underused housing tax – First deadline extended
    • Are you a director of a corporation? Beware!
    • Foreign tax credit – Make sure the foreign tax is mandatory
    • Around the courts
    • Erratum
  • Tax letter – May 2023

    • Tax shelter issues – key points to watch for
    • Liang V. The Queen is a crucial case for understanding the limitations of tax shelters
    • Budget 2023 – Interesting proposals and potential tax increases
    • Tax-free first home savings account – $40K limit – FHSA takes effect on April 1, 2023
  • Tax letter – April 2023

    • Residential property warning – huge penalties!
    • Bare trust dangers
    • HST quiz – is your business charging it properly?
    • Simplified instalments if you have the cash
    • Watch out for short taxation years
    • Around the courts
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