Successful Succession Planning

Remember, implementing a plan early and revising it often (when major life events occur) will ensure that you are positioned to preserve your financial legacy.

Jared Pilon
January 30, 2024 | View Post

2023 Tax Planning Tips

As another year ends, it is important to review your finances and see if there are ways to improve your tax position heading into the new year.

Jared Pilon
December 4, 2023 | View Post

How will changes to Alternative Minimum Tax impact your charitable giving?

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.

Jared Pilon
November 20, 2023 | View Post

Open Letter to Canadian MPs - Underused Housing Tax

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.

Jerome Roth
November 2, 2023 | View Post

Transferring a Business on Death

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.

Jared Pilon
October 18, 2023 | View Post

Bare Trusts & Underused Housing Tax (UHT)

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.

Jared Pilon
October 4, 2023 | View Post