HOME BUILDERS BEWARE . . . TAX DANGERS ABOUND! -- 2 page PDF (August 2007)
It is generally known that there is no tax on the gain on your principal residence when you sell it. The Income Tax Act deems the capital gain to be zero, and in practice you need not even report the gain to the Canada Revenue Agency, unless you have more than one residence for a given year and need to file a designation choosing one of them as your “principal residence”. Some small home builders try to profit from this rule.. Read more...

Highlights of the 2007 Federal Budget -- 6 page PDF (March 2007)
On March 19th Finance Minister Jim Flaherty delivered the second budget proposed by Stephen Harper’s Conservative Government, projecting a surplus of $9.2 billion for 2006-07, which will be applied to pay down the national debt. Of course, nothing is ‘caste in concrete’ until – and if – the budget fights its way through Parliament and receives Royal Assent sometime in the next 90 days. Read more...