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Tax Planning When Buying a Second Property in Canada

Buying a second property—whether as a rental, vacation home, or long-term investment—can be a powerful wealth-building move. But from a tax perspective, it’s also where many costly mistakes happen. The Canadian tax system treats second properties very differently from your principal residence, and the consequences affect everything from annual deductions to your eventual exit strategy. […]
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Income Splitting Strategies That Still Work in 2026

Income splitting has long been a cornerstone of effective tax planning in Canada. By allocating income to family members in lower tax brackets, households can reduce their overall tax burden. However, over the past decade—particularly following the introduction and expansion of the Tax on Split Income (TOSI) rules—the Canada Revenue Agency (CRA) has significantly restricted […]
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How AI and Automation Are Transforming Canadian Bookkeeping

The Canadian bookkeeping landscape is undergoing a profound shift driven by rapid advancements in artificial intelligence (AI) and automation technologies. These tools are reshaping how financial information is captured, processed, and analyzed, enabling firms to deliver more accurate, timely, and strategic insights to their clients. As digital transformation accelerates across industries, Canadian businesses increasingly expect […]
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