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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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Deducting Life Insurance Premiums in a Corporation

For various reasons a small business owner or incorporated professional may wish to enter into a life insurance contract via their corporation. But, are the premiums deductible for tax purposes? This depends, there are generally two scenarios in which premiums may be...

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Fast, Professional, Responsive – A Get It Done Attitude

CMLLP - Our approach is to be responsive to our customers We are always shocked when our clients are surprised at the speed with which we get things done at Campanella McDonald LLP (CMLLP). We recently had one client contact us to help with back taxes and specifically...

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3 Signs of a CRA Scam

Have you received a threatening phone call from the CRA asking for money or threatening your arrest? Join the club! CRA scams are on the rise and there is no shortage of scam-artists looking to help you part ways with your money by employing deceptive tactics aimed at...

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