by Doug Stansbury | Dec 12, 2016 | On Target - Blog
Recently, the Canada Revenue Agency (CRA) released an Interpretation Ruling on this issue which somewhat clarified their assessing position but did absolutely nothing to bring their assessing practice in line with cell phone usage in the 21st century. In the past few...
by Doug Stansbury | Nov 21, 2016 | On Target - Blog
The Principal Residence Exemption is probably the most important tax break for a large percentage of Canadians. Essentially the exemption means that you are not required to pay any capital gains tax on the sale of the property that is designated as your principal...
by Doug Stansbury | Sep 9, 2015 | On Target - Blog
Last year I made several presentations on the topic of identity theft and fraud. With the constant increase in this type of activity, it came as no surprise to me when I started hearing reports earlier this year of email and telephone fraudsters purporting to be...
by Doug Stansbury | Feb 11, 2015 | On Target - Blog
Cloud computing has been around for a few years now, and at this point it seems evident that the question is no longer if you will move your business to the cloud, but rather when and how. Many software developers (including giants such as Microsoft) are already...
by Doug Stansbury | Nov 4, 2014 | On Target - Blog
Last Thursday the federal government announced the “Family Tax Cut” which is essentially a watered down version of Harper’s 2011 election promise to introduce income splitting for Canadian taxpayers. Although I have some reservations, this is actually one of the few...
by Doug Stansbury | Oct 20, 2014 | On Target - Blog
Many people in the SME community feel that the various levels of government do not do enough to support small and medium-sized business. While I would not dispute this statement, it would also be fair to say that many SME’s do not take advantage of the support that...
by Doug Stansbury | Jan 22, 2014 | On Target - Blog
On January 17th, the Canada Revenue Agency finally issued its proposal for the registration of tax preparers that file personal and corporate tax returns for a fee. Although there are legitimate concerns regarding the introduction of such a program (such as the...
by Doug Stansbury | Nov 12, 2013 | On Target - Blog
Compiling a top 10 list of tax tips is a difficult task. What may be crucially important for some taxpayers will be completely irrelevant for others. The items I have focused on in this list do not necessarily represent the biggest overall tax savings, but rather...
by Doug Stansbury | Oct 21, 2013 | On Target - Blog
One of the first things I do each day at the office is to review recent tax rulings, updates, judgements, etc. on a daily tax update service that I subscribe to. When it comes to tax court cases, one thing that constantly astounds me is the incredible percentage of...
by Doug Stansbury | Oct 9, 2013 | On Target - Blog
Over the past year, I have had to prepare several tax returns that involved the disposition of property that was owned prior to 1994. If you remember back 15 years, that was the year that Revenue Canada (CRA) eliminated the general capital gains exemption on most...
