Expert insights and detailed technical documentation about Politics.
A corporation will be considered a personal holding company if it meets both the Income Test and the Stock Ownership Test. The Income Test states that at ...
A flat structure is an organisational structure with only a few layers of management. In a flat structure, managers have a wide span of control with more ...
Most dental expenses can be used as medical expense deductions when filing your income taxes in Canada, including: Dental implants. Other dental work not ...
A corporate account’s average ledger balance is the account’s average ending balance during the month. To calculate the average ledger balance, a company ...
Incorporation of your practice as a doctor with a medical PC means that shareholders own shares in the medical professional corporation. Shareholders may ...
Interest on a HELOC or a home equity loan is deductible if you use the funds for renovations to your home—the phrase is “buy, build, or substantially impr...
In order for a Canadian citizen or permanent resident to work in the USA, you must first have a job offer from a USA employer who will sponsor you for a w...
If you plan to be outside Canada for more than seven months in any 12-month period you can keep your OHIP coverage for up to two years if you: have a vali...
Yes, if you are a citizen or resident alien of the United States, you have a U.S. tax obligation, even if you’re a dual citizen of the U.S. and Canada. Th...
One tax savings strategy that many investors utilize to defer capital gains until future years is Section 1031 like-kind exchanges. Section 1031 like-kind...
A sole proprietorship also referred to as a sole trader or a proprietorship, is an unincorporated business that has just one owner who pays personal incom...
Western Hemisphere Travel Initiative If you are a lawful permanent resident, you may be eligible to become a U.S. citizen after five years of becoming a l...
