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Incorporation for Real Estate Agents in Ontario

Incorporation for Real Estate Agents in Ontario

Raffaele Ruberto on March 5, 2020 in Advice for Business Owners

Bill 145, Trust in Real Estate Services Act, 2020 received Royal Assent on March 4, 2020 meaning that real estate agents in Ontario are allowed to incorporate their own Personal Real Estate Corporation (PREC). Rules, regulations and licensing details will be readily available in the coming months outlying how a PREC is to operate in … Continued



Tax Tips for 2019 Year-End

Raffaele Ruberto on December 9, 2019 in Uncategorized

1. Up to $26,500 RRSP Contribution You have until Monday, March 2, 2020, to make a contribution to your RRSP and be able to take a deduction on your 2019 tax return. Be sure to check your 2018 Notice of Assessment from the CRA to confirm your RRSP contribution room for 2019. An over-contribution in … Continued



Quebec QST Changes

Raffaele Ruberto on February 1, 2019 in Advice for Business Owners

Non-Canadian Residents Effective, January 1, 2019, non-Canadian resident suppliers of intangible personal property and services will be required to register under the new QST system if consideration for all taxable supplies provided to consumers located in Québec exceeds $30,000 in the preceding 12-month period. Read More GST/HST Registrants Effective, September 1, 2019, non-Canadian resident and … Continued



Tip 9 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on January 25, 2019 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 9 … Continued



Tip 8 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on January 18, 2019 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 8 … Continued



Tip 7 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on January 11, 2019 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 7 … Continued



Tip 6 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on January 4, 2019 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 6 … Continued



Tip 5 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on December 28, 2018 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca   Tax on Split Income | Tip 5 … Continued



Tip 4 – Tax on Split Income | Tax on Passive Income

Raffaele Ruberto on December 21, 2018 in Tax

This note continues Tax Principal Raffaele Ruberto’s ten-week Friday Tax Tip series, helping business owners and their family members mitigate the new Tax on Split Income (“TOSI”) and upcoming Tax on Passive Income (“TOPI”) rules. As always, if there are any topics you would like addressed, or have specific questions you need answered, just send an email to rruberto@sbpartners.ca Tax on Split Income | Tip 4 … Continued



Fall Economic Statement 2018

Raffaele Ruberto on December 18, 2018 in Tax

It will be important to track assets purchased on or after November 21, 2018, to ensure you maximize your annual capital cost allowance deduction (“CCA”). On November 21, 2018, the federal government released its 2018 Fall Economic Statement. Included in the statement were specific provisions allowing the acceleration of CCA for assets purchased on or after November 21, … Continued