Heather MarshallOct 20, 20233 min readBare Trusts and New Reporting RulesWith limited exceptions, starting with the 2023 tax year, the trust reporting rules in Canada have expanded to capture bare trust...
Heather MarshallDec 31, 20222 min readCity of Toronto Vacant Home Tax – Have You Declared Your Property’s 2022 Occupancy Status?In 2021, the City of Toronto introduced an annual tax on vacant residential properties with the stated goal of increasing the City’s...
Heather MarshallDec 3, 20224 min readThe Challenge of Dealing with Personal EffectsA recent article published in the Globe and Mail* estimates that over the next 10 years, Canadians will inherit an estimated One Trillion...
Heather MarshallJun 5, 20222 min readPrescribed Rate Loans for Income Splitting – Lock in the Rate Before July 1, 2022!The Canadian income tax system uses the individual as the tax unit rather than the family. In many cases, this results in unequal tax...