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Campanella McDonald offers you great insight into your accounting and business needs.

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Financial Planning Tips For All Risk-Levels

Not everyone has the soul of a bungee jumper. Most of us have kids to feed, mortgages to pay and retirement to think of. When we create a full financial and tax plan for our clients, we do so while strongly considering their risk level. Often, our clients can be...

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What the Heck is Tax Planning?

As much as we're sure you love the CRA, we know you love money in your pocket more. That’s where tax planning comes in. Tax planning is pretty much exactly what it sounds — it’s how accountants arrange your business and personal matters to reduce and defer your...

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How To Compensate Your Investment Advisor

In this week's Weekly Tax Planning Tip video, Fabio explains why it's smarter from a tax perspective, all things being equal, to compensate your advisor via fees. Check out the video to learn why... Transcript:Hey everybody, Fabio Campanella here from...

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The Rules of Replacement

Replacement rules... what are they and when do they apply? Clients come to us misinformed on this topic all the time so we're clearing it up for you in this week's Weekly Tax Planning Tip Video. Enjoy... Transcript: Hey there, today we're going to talk...

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Part 3: How to build a personal financial plan

By Fabio Campanella CPA, CA, CFP, CIM Any business worth its weight in salt has a plan. But what about your personal affairs? In a surprising poll conducted by CIBC in 2017 46% of respondents stated that they do not have a financial plan in place for...

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Part 2: How to build a personal financial plan

By Fabio Campanella CPA, CA, CFP, CIM Any business worth its weight in salt has a plan. But what about your personal affairs? In a surprising poll conducted by CIBC in 2017 46% of respondents stated that they do not have a financial plan in place for...

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Part 1: How to build a personal financial plan

By Fabio Campanella CPA, CA, CFP, CIM Any business worth its weight in salt has a plan. But what about your personal affairs? In a surprising poll conducted by CIBC in 2017 46% of respondents stated that they do not have a financial plan in place for...

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Deducting auto expenses for businesses

By Fabio Campanella CPA, CA, CFP, CIM Like anything with the Canada Revenue Agency, the application of the rules related to deducting auto expenses are anything but straight forward. This article will be of interest to anyone who is self-employed and operating either...

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How are property fix and flips taxed?

By Fabio Campanella CPA, CA, CFP, CIM Property Fix and Flips: What You Need to Know So, you’ve purchased a property, renovated it, and flipped it for a profit. How do you report this on your tax return? Well, it depends… The housing market in Canada, particularly in...

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Financial Tips For Real Estate Investors

By Fabio Campanella CPA, CA, CFP, CIM Way back in 2011 I wrote a column for the Toronto Star print edition (CLICK HERE for the full article). In it, I gave my top 5 financial recommendations for novice real estate investors. Even now, these are the same top...

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Yes, Your Bitcoin Profits are Taxable

So you’ve gone ahead and made some money trading Bitcoin (lucky you, most of my friends lost a ton). But now what? Do you report this on your tax return? And if so, how? Bitcoin, and any other digital currency (DC) for that matter, can be a tricky subject when it...

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