by Vishal Raithatha | Jan 15, 2024 | News
If funds were lent to a family trust or directly between family members under an income-splitting arrangement, the 2023 loan interest must be paid by January 30, 2024. Failure to do so would cause the income attributions rules to apply to tax the income earned on the...
by Vishal Raithatha | Jan 3, 2024 | News
It is important to take note that the tax changes in respect to non-compliant short-term rentals proposed in the 2023 Fall Economic Statement will take effect on January 1, 2024. In an attempt to increase the pool of housing available for long term residential rental...
by Vishal Raithatha | Dec 18, 2023 | News
As we head into 2024, we’d like to share some exciting news which brings new growth to Truster Zweig Raithatha LLP (TZR). TZR, a leading provider of dynamic, forward-thinking tax, accounting and advisory services, is thrilled to announce that Helen Hou of DJH &...
by Vishal Raithatha | Nov 3, 2023 | News
What is a capital gains strip? A “capital gains strip” is a strategy to extract corporate funds in a manner that is more tax-efficient than the conventional methods of drawing dividends or salaries. In particular, it involves the conversion of amounts that would...
by Vishal Raithatha | Oct 27, 2023 | News
We list below some instances where Underused Housing Tax (“UHT”) returns would be required to be filed which may not be visible to your accountant. If any of these apply to you, please contact your TZR advisor as soon as possible. Although the UHT would not be...