Watch! Life in the Tax Lane - September 2024

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Topics:

• Capital Gains Inclusion Rate Increase – Draft Legislation 

• Trust Reporting – Draft Legislation

• Trust Distributions Violating Trust Terms

• Alternative Minimum Tax – Draft Legislation 

• Post-Mortem Losses – Draft Legislation 

• Collection of GST/HST by Accommodation Platform

Program Recorded: August 22, 2024.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

Newbies to Ninjas: Corporate Tax - New Edition!

Are you looking for a standardized tool to train your T2 team? Look no further. Join us for the 10th edition of Newbies to Ninjas: Corporate Tax, a T2 general preparation course.

Focusing on the fundamentals, this course is targeted to improve the efficiency and accuracy of newer preparers completing corporate tax returns for owner-managed and small businesses.  This concise pre-recorded online 3-hour topic-by-topic course will have your newer tax preparers preparing corporate tax returns like ninjas!

The end result – a knowledgeable and productive T2 tax preparation team!

Watch! Life in the Tax Lane - August 2024

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Topics:

• Bare Trust Issues – Current Events – Source 1, Source 2 and Source 3

• Canada Disability Benefit – Proposed Regulations

• CRA Service Standards

• Personal Services Business

• Employee Ownership Trusts – Exemption or Deferral? – Source 1, Source 2 and Source 3 (third-party paywall)

Program Recorded: July 25, 2024.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.

Watch Now! Corporate Life Insurance – Who should own it?

Join Steve Meldrum from Swell Private Wealth in this 3.5-minute video clip as he dives into the importance of where corporate life insurance is held and discusses the potential tax consequences of improper placement.

Source Documents:

• https://www.canlii.org/fr/ca/caf/doc/2024/2024caf16/2024caf16.html

• Corporate Life Insurance – Taxable Benefits

Recorded June 25, 2024

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024. All Rights Reserved.

Watch! Life in the Tax Lane - July 2024

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Topics:

• Capital Gains Inclusion Rate Changes – Source 1 and Source 2

• Non-Resident Sellers of Canadian Real Estate – Source 1 and Source 2

• Use of Corporate Assets by Shareholder

• CRA Guidance – Receipts 

• Bare Trust Reporting Rules – Source 1 and Source 2

• Gross Negligence Penalties

Program Recorded: June 27, 2024.

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2024, All Rights Reserved.