Navigating Personal Bankruptcy in Canada: Understanding the Three Tax Returns and Your Obligations
Declaring bankruptcy is a significant financial step, and its tax implications require careful planning. From…
Navigating Timing Traps: Superficial Losses in Canada vs. Wash Sales in the U.S.
When selling investments to harvest a tax loss, the timing of your next move is…
Navigating the Tax Maze: Understanding Corporate Stop-Loss Rules
When a business undergoes restructuring or transfers assets between affiliated entities, it’s easy to assume…
Turning Investment Losses Into Tax Wins: Understanding ABILs
When a small business investment doesn’t go as planned, the Canadian tax system offers a…
The Double-Edged Sword of Joint Tenancy: Avoiding Probate Without Triggering a Tax Trap
In Canadian estate planning, “joint tenancy” is often hailed as a magic wand to bypass…
ntent Matters: 4 Landmark Cases That Define Your GST/HST Rebate Eligibility
Securing a GST/HST New Housing Rebate in 2026 requires more than just filling out a…
Turning Investment Losses Into Tax Wins: Understanding Section 1244 Small Business Stock
Don’t let a business loss go to waste. While most investment losses are strictly limited,…
Beyond the Basics: What’s NEW for Your S-Corporation in 2025?
For S-corporation owners, the 2025 tax year (and the returns you’ll file in 2026) brings…
Borrowing from Your Business: A Deep Dive into Shareholder Loans (Subsection 15(2)) and the 15(2.4) Employee Exemptions
In the world of Canadian corporate tax, treating your company like a personal bank account…
About
Galvin CPA & TAX Insights shares practical tax, accounting, and business guidance for individuals and small businesses in Canada and the U.S. Here we break down complex rules into clear, actionable ideas—so you can make smarter decisions, stay compliant, and grow with confidence.
Recent Posts
- Navigating Personal Bankruptcy in Canada: Understanding the Three Tax Returns and Your Obligations
- Navigating Timing Traps: Superficial Losses in Canada vs. Wash Sales in the U.S.
- Navigating the Tax Maze: Understanding Corporate Stop-Loss Rules
- Turning Investment Losses Into Tax Wins: Understanding ABILs
- The Double-Edged Sword of Joint Tenancy: Avoiding Probate Without Triggering a Tax Trap
