Posts By: Fuller Landau Team

All Gold Imports Inc.

Road to Success – All Gold Imports Inc.

Posted on 2018 Apr 27 by

With family roots in the food industry dating back to 1899 in South Africa, it’s no surprise that Louis Pillemer followed suit. He always knew that he wanted to go into business for himself. So too, did his brother Gary and their neighbour in South Africa, Jason Berman. Entrepreneurship was in their blood. After graduating…

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Did You Know...

Federal Budget 2018 – Refundable Dividend Tax on Hand

Posted on 2018 Feb 28 by

The February 27, 2018 Federal Budget proposes changes to the refundable dividend tax on hand (RDTOH) regime. Currently, the goal of the Canadian tax system is to achieve integration between the shareholder and the private corporation. Generally, this means that no matter how income is taxed in the corporation, by the time the income is in…

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Passive Income

Federal Budget 2018 – Passive Income

Posted on 2018 Feb 28 by

One of the most anticipated aspects of the 2018 Federal Budget was the changes to the taxation of passive investments held within a private Canadian owned corporation. The Budget release, to much relief, has proposed a simplified approach for the taxation of passive income earned inside a private corporation. The new proposed measures will be…

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Foreign Affiliates

Federal Budget 2018 – Foreign Affiliates

Posted on 2018 Feb 28 by

The February 27, 2018 Federal Budget announced several proposed changes with respect to foreign affiliates (non-resident corporations in which the taxpayer has a significant interest). Here’s what you need to know: Filing deadline Currently, the filing deadline of the Form T1134 “Information Return Relating To Controlled and Not-Controlled Foreign Affiliates” with respect to foreign affiliate(s)…

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Reassessment Periods

Federal Budget 2018 – Reassessment Periods

Posted on 2018 Feb 28 by

The February 27, 2018 Federal Budget proposes several changes to the reassessment periods, in specific situations, as follows: Reassessment Periods – Foreign Affiliates When a taxpayer files an income tax return for a taxation year, CRA is required to perform an initial assessment of tax payable. For most taxpayers with foreign affiliates, CRA generally has…

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Reporting Requirements for Trusts

Federal Budget 2018 – Reporting Requirements for Trusts

Posted on 2018 Feb 28 by

As laid out in the 2018 Federal Budget, certain trusts will be subject to new reporting requirements such as disclosing the identity of all trustees, beneficiaries, and settlors of the trust, as well as the identity of each person who has the ability of controlling how the trustees are to distribute the trust income and/or capital amongst…

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