What is the Part IV tax on dividends between associated companies, how is a tax-free withdrawal from the Capital Dividend Account reported on the Corporate T2 tax return, and how is the situation where a Family Trust receives a tax-free amount from a Capital Dividend Account reported on the Family Trust T3 return?

April 19th, 2024

I have an Airbnb business with my husband, and we are a multi-member LLC. Should we use Schedule C or Schedule E for tax reporting, and do we need to file a 1065 partnership return? If we file Schedule E, is there a way to show our business as active to avoid passive income reporting?

June 3rd, 2023

I have incorporated a Delaware C corp. with 750,000,000 authorized shares with a par value of .0001. I am selling 50 million shares to accredited investors through Reg. D 506 (C), 10 million at $1 each and 40 million at $2 each. I want to get 500M shares issued to me. What are the tax implications of issuing and selling these shares, and how can I structure future capital raises to avoid unnecessary taxes?

November 1st, 2023

I need to update my auto monthly deposit information due to my account being hacked in late December and early January. I have new routing and account numbers now. How can I update this information for my next payment on February 8th?

May 24th, 2024

If a Canadian corporation pays one owner a dividend and another owner T4 income for doing the same task, such as laundry or temporary front desk coverage, would this be an issue for CRA audit? Are there CRA rules requiring the same task to be paid out the same way?

December 1st, 2024