Phase-Out of Recaptured ITCs – Reminder
Ontario introduced the Phase-Out of Recaptured ITC rules (RITC) for large businesses effective July 1, 2010. These rules have had...
Tax Planning Update – U.S. Closer Connection, Form 8840
May 31, 2017
U.S. tax rules contain a mathematical formula to determine tax residency. This formula involves counting the number of days that...
Ontario Introduces a New 15% Property Tax on Foreign Buyers
Apr 21, 2017
As expected, Ontario has announced that effective April, 21, 2017, a new tax of 15% will be payable on the...
2017 Federal Budget Commentary
Mar 23, 2017
The Federal Government’s 2017-18 Budget gives Canadians a taste of what they might expect over the next couple of years:...
Do you need to complete a US 1040 Personal Tax Return?
Feb 22, 2017
The 2016 U.S. tax return for an individual; Form 1040 is due on April 18th, 2017. However, if a U.S....
Are you ready for Tax Time?
Feb 16, 2017
The May 1, 2017 deadline to file your 2016 personal income tax return is quickly approaching. As a result of...
Lipton LLP announces our latest promotions
Jul 25, 2016
Are you ready for Tax Time?
Feb 23, 2016
The May 2, 2016 deadline to file your 2015 personal income tax return is quickly approaching. As a result of...
Income Tax Rate Changes Effective January 1, 2016
Dec 15, 2015
Personal tax rates On December 7, 2015, Finance Minister Bill Morneau introduced changes to various personal tax rates by way...
Preparing for the Federal Government’s promised Personal Income Tax Measures
Nov 25, 2015
It now appears that the recently elected Federal Government will introduce their new personal income tax measures as promised. These...