Dube & Cuttini Blog

Making corporate loans for foreign investments? Understanding “deemed interest” charges is key

Posted on: August 13th, 2014 by Dube & Cuttini No Comments

This article will be the first in a series related to the Canadian tax implications of Canadians investing in foreign countries, with a particular emphasis on the United States. As the series develops we expect that updates will be made to the previously published articles. Are you making corporate loans for foreign investments? Then, understanding […]

No printing required: How to sign your tax “paperwork” digitally

Posted on: July 7th, 2014 by Dube & Cuttini No Comments

Many of our clients have moved to sending and receiving all of their “paperwork”, such as tax returns, financial statements, and bookkeeping, electronically through our secure client portal. However, we often need signed documents back from you, which allows us to efile returns, for example, or communicate with the Canada Revenue Agency on your behalf. This means the documents need […]

The Smith Manoeuvre: Making “bad” interest “good”

Posted on: July 4th, 2014 by Dube & Cuttini No Comments

One of the largest expenses we have tends to be the mortgage on our home. Following traditional rules, we are limited to deducting at best a small percentage of the interest where we use a home office for business purposes. However, using non-traditional planning, we are able to deduct potentially 100% of the interest costs. […]

Not everybody likes us on Facebook: What happens when a client relationship goes wrong and how do you fix it?

Posted on: July 3rd, 2014 by Dube & Cuttini No Comments

Many of our clients are business owners, whether real estate, technology, manufacturing, medical, or more. But the common thread is that we are all providing a customer service. And, yes, we all make mistakes in customer service. So what happens when a relationship goes wrong in our connected world? And, how do you fix it? […]

Vehicle expenses – simplified logbook for deductions? Think again!

Posted on: June 6th, 2014 by Dube & Cuttini 2 Comments

Doing a logbook for all your motor vehicle expenses is hard work. You have to consistently record the trips you make related to your real estate business, such as driving to and from Home Hardware to buy paint supplies or from your business to meet a customer. In 2010, the Canada Revenue Agency introduced a […]

9 ways to get fired by your accountant

Posted on: May 30th, 2014 by Dube & Cuttini No Comments

You work hard to find and develop that perfect “power team” of advisors to help your business grow. So, getting a “dear john” letter from your accountant (or lawyer, mortgage broker, financial advisor, or realtor) may come as a complete shock to you. You may say, “How did this happen? What went wrong? That complete […]

Should I buy my vehicle personally or in my company?

Posted on: May 23rd, 2014 by Dube & Cuttini No Comments

It’s safe to say that I get this question about three times each month from our clients: “What makes sense from a tax perspective? Buying a car personally or in my company?” In the vast majority of cases, it’s better to buy a vehicle personally, then charge the company for your business use, by the kilometre. (For […]

Lease or buy a vehicle: What’s the best tax advantage?

Posted on: May 14th, 2014 by Dube & Cuttini No Comments

We regularly receive somewhat urgent emails from our clients about a car breaking down suddenly. Someone needs to make a decision on whether to lease or buy quickly, but they want to know: what makes sense from a tax perspective? Generally speaking, if you have a personally-owned business, or personally own two or more rental […]

From the archives: Selling one property to re-invest in another

Posted on: April 17th, 2014 by Dube & Cuttini No Comments

During tax season, we wanted to publish some blogs from other sites, and from our archives that our clients may find useful. We’re heads down on taxes, but wanted to keep the information flowing for you! This is a question we hear every once in awhile – “Do I sell one property to pay off […]

CRA extends filing deadline…but we’re still planning for April 30th

Posted on: April 14th, 2014 by Dube & Cuttini No Comments

CRA has extended their deadline for filing to May 5th, but we are still planning to have everything possible completed for April 30th. Please don’t delay in getting in your tax returns. Your accountants appreciate this. As you can imagine, most of us have vacation booked after April 30th, as many of us haven’t had […]