Every Canadian trust hits a deemed disposition under paragraph 104(4)(b) on its 21st anniversary — taxing accrued capital gains as if all capital property were sold at fair market value. Budget 2025 amended subsection 104(5.8) to capture indirect trust-to-trust transfers. The 2026 planning playbook from Insight Accounting CPA Professional Corporation.
Share sale vs asset sale of a Canadian private corporation in 2026: LCGE at $1,275,000, QSBC 24-month purification, section 84.1 anti-stripping, hybrid sale structures, section 22 and section 167 elections, and the after-tax delta typical for owner-manager exits.
Bill C-15 repealed the federal Underused Housing Tax for 2025 and later years. But 2022–2024 returns and penalties still apply, foreign owners and non-Canadian corps still file, and provincial and municipal vacancy taxes are unaffected.
The HST Quick Method lets eligible Ontario service businesses remit HST at a flat 8.8% of HST-included sales instead of tracking ITCs. Solo consultants, advisors, skilled-trades, fitness/coaching businesses with low input pools save real money under $400,000 in annual taxable supplies. Eligibility, math, election timing, and the fact patterns where it does not pay back.
Subsection 55(2) recharacterizes an intercorporate dividend as a capital gain when a purpose, value-reduction, or cost-of-property trigger fires — unless safe income on hand or a 55(3) related-party exception applies. Cost computed at the current 50% inclusion rate after the March 21, 2025 cancellation of the proposed 66.67% increase.
AI tools save Canadian small businesses real money on bookkeeping, marketing copy, and document drafting — and waste money on the wrong workloads. A practical 2026 guide.
The capital dividend account is the most tax-efficient way to extract cash from a Canadian CCPC. After the 2026 inclusion-rate change, every $100K of capital gain feeds $33,333 to the CDA instead of $50,000. Mechanics, election timing, and a worked example from Insight Accounting CPA Professional Corporation.
Effective October 1, 2025, the CRA Voluntary Disclosures Program was overhauled. Single framework, softer voluntary test, 100% penalty relief and 75% interest relief for unprompted applications. Practical filing checklist.
Canada’s capital gains inclusion rate rose to two-thirds on personal gains above $250,000 and on all corporate and most trust gains, effective January 1, 2026. Here is the practical owner-manager playbook from Insight Accounting CPA Professional Corporation in Mississauga.
2026 snowbird tax guide — substantial presence calculation, Form 8840 closer connection, Canada-US tax treaty tie-breakers, FBAR, and the four real risks for Canadian retirees who winter in Florida or Arizona.
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