Entries by Harris Kligman

How CRA’s crackdown is becoming even more targeted, aggressive

Entrepreneurs hoping that Canada Revenue Agency would eventually ease its audit-focused crackdown after a recent uptick in enforcement activity may be dismayed to learn that the exact opposite is playing out. In fact, the agency is becoming even more targeted and aggressive in its activities. What we’re seeing now are a new range of enforcement […]

How real estate deals could trigger serious tax liabilities

Investing in real estate can be a smart move for many entrepreneurs. Over the past decade or more, strategic real estate purchases—particularly on the residential front—have delivered returns on investment that, in some cases, have far exceeded those offered by equities and virtually all fixed-income savings vehicles. In hot markets such as Vancouver, Toronto—and until […]