The new AMT rules could potentially result in tax owing due to making large donations after 2023. Proper planning is important when making donations in the future to avoid being negatively impacted by the new AMT rules.
November 20, 2023 | View Post
I am writing to you to express my concerns with the implementation of the Underused Housing Tax Act, SC 2022, c 5, s 10 (“UHTA” or the “Act”), namely, that the burden of enforcement falls on Canadian property owners.
November 2, 2023 | View Post
In Canada, the transfer of a business upon the death of an owner can have significant tax implications. It's important to note that tax laws can change over time, so it's essential to consult with professionals who are up to date with the latest regulations and can provide tailored guidance based on your specific situation.
October 18, 2023 | View Post
If you or a corporation you are a shareholder of, are on title with respect to residential property and believe that a bare trust arrangement might apply to the ownership structure, it is important to contact Legacy Tax & Accounting LLP immediately.
October 4, 2023 | View Post