How an ITA Section 86 estate freeze works for Ontario owner-managers in 2026: the share exchange, freeze preferred shares, the family trust, valuation discipline, and Section 85 vs 86 — by Bader A. Chowdry, CPA, CA, LPA.
Reviewed by Bader A. Chowdry, CPA, CA, LPA on June 30, 2026 Key facts (2026) ITA s.85(1) — transfers eligible property to a corporation at an elected amount; T2057 or…
ETA section 191 self-supply rules. When custom home builders trigger $50K-$150K unexpected HST liability the day a buyer occupies before final closing. Plus the New Housing Rebate offset. By Bader A. Chowdry, CPA, CA, LPA.
How WSIB classification audits work in Ontario construction in 2026, what triggers them, the 3-year retroactive premium exposure, and the audit-defense binder our LPA practice uses. Includes 2026 max insurable earnings ($121,700), Class G6 rate ($1.61), and FAQ.
T5018 reporting requirements for Canadian general contractors paying subcontractors $500+ in a calendar year. Penalties, deadlines, common slip errors, CRA matching, and how to automate it. By Bader A. Chowdry, CPA, CA, LPA.
Section 128.1 deems all capital property disposed of at fair market value on the date you cease to be a Canadian tax resident. The 2026 planning guide for individuals, incorporated professionals, and CCPC shareholders emigrating from Canada. By Bader A. Chowdry, CPA, CA, LPA.
How CRA taxes cryptocurrency in 2026: capital gains on dispositions, business income from mining and staking, T1135 for foreign wallets, and CRA enforcement.
Canadian payers of rents, royalties, dividends, interest, management fees, or pension benefits to non-residents must withhold tax at 25% under Part XIII unless a tax treaty reduces the rate. Section 215 strict-liability mechanics, NR301/NR302/NR303 documentation, NR4 filing, section 216/217 elections, and a 2026 case study saving $266,000 in penalty exposure.
The Multigenerational Home Renovation Tax Credit (MHRTC) delivers a refundable 15% federal tax credit on up to $50,000 of qualifying renovation costs — a maximum $7,500 — when building a secondary unit so a senior (65+) or DTC-eligible relative can live with a qualifying relation. The 2026 playbook covers the qualifying-renovation tests, eligible vs ineligible expenditures, Schedule 12 mechanics, the documentation file, and the HATC stacking interaction.
The federal residential property flipping rule (in force since January 1, 2023) deems any housing unit owned for less than 365 consecutive days a flipped property — the entire gain is taxed as business income with no Principal Residence Exemption. The 2026 owner-manager and investor playbook covering the nine life-event exemptions, the parallel assignment-sale HST regime, and the documentation needed to survive a CRA review.
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