New Back-To-Back Shareholder Loan Rules

Written by: Ken Chong, CPA, CA Mr. Big is a very successful businessman and has accumulated a significant amount of retained earnings in his company, BigCo.  BigCo invests its retained earnings primarily in deposits and investments held by BigCo’s commercial bank, First Bank. Instead of taking money out of his company to buy a new […]

Principal Residence Claims by Trusts After 2016

The Department of Finance announced significant changes related to the claiming of the principal residence exemption by trusts on October 3rd 2016. The purpose of this memo is to discuss these changes and to alert the reader as to what can be done to mitigate the effects of these changes on the future claim of […]