Category: Canada

Capital property – This includes depreciable property, and any property which, if sold, would result in a capital gain or a capital loss. You usually buy it for investment purposes or to earn income. Capital property does not include the trading assets of a business, such as inventory. What is a capital asset in Canada? […]

The Crown attorney can appeal an acquittal (when the accused person is found not guilty) or sentence, but the Crown’s right to appeal is much more restricted. To appeal an acquittal, the Crown must show there was a significant error of law that had a substantial impact on the acquittal. Can the prosecution appeal a […]

Just what are the tax benefits of doing business in Canada versus the U.S.? First, Canada has a much lower corporate tax rate: 15 percent at the federal level plus another 11 percent on average from provincial corporate taxes. Are taxes higher in Canada or USA? Key Takeaways The IRS taxes the richest Americans at […]

Articles of Incorporation are far and away the most popular form of incorporation in Canada, being the method of federal incorporation and that of 11 provinces and territories, namely: Alberta. Britich Columbia (note that BC refers to Notice of Articles rather than the more common Articles) Is it better to incorporate federally or provincially in […]

Here are the best Crypto Wallet for Canada: ZenGo. Ledger Nano X. Coinsmart. Binance. Coinbase. Ellipal. Where can I safely store my crypto? A Hardware Wallet May Be the Safest Option Hardware wallets can be the safest option because you can keep your crypto wallet offline—as a cold wallet—when you don’t want to trade your […]

All the jurors must agree on the decision or verdict – their decision must be unanimous. If they cannot all agree, the judge may discharge the jury and direct a new jury to be chosen for a new trial. Can a judge overturn a jury in Canada? Although extremely rare, jury nullification occurs in Canada. […]

Yes, you are considered to be a resident as an international student in Canada. Is an international student a resident or nonresident? In general, students in F or J status are considered nonresident aliens for tax purposes for the first five calendar years of their stay in the US. Who is a resident of Canada? […]

If you’re disposing of crypto as part of your business, that’s income, not capital gains. But if your crypto gains and losses aren’t part of your business, you’ll pay capital gains taxes. Does Wealthsimple report crypto to CRA? Do I need tax documents from Wealthsimple? Yes. If you have investments on Wealthsimple – whether that’s […]

If you choose to plead guilty, this means that you go to court and admit that you committed the crime you were charged with. You will then go straight to a sentencing hearing and skip the trial. Does pleading guilty reduce your sentence Canada? The sentencing judge will normally treat the decision to plead guilty […]

Some investors think of them as being like bank deposits, yet they remain very loosely regulated around the world. As it stands, registered crypto companies are prohibited from allowing their Canadian clients to trade any asset that is a security. Does Canada have crypto restrictions? On the heels of the spectacular collapse of global cryptocurrency […]