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CAMPANELLA MCDONALD LLP

OUR BLOG

Canadian Taxation of Cryptocurrency

By Fabio Campanella CPA, CA, CFP, CIM June 17, 2021 The last decade has seen a massive advancement in the acceptance and interest in the cryptocurrency sector. Bitcoin, the original and most popular cryptocurrency currently has an estimated circulation of 18.68 million coins with a current market value of approximately $47,000 CAD per coin. From […]

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CMLLP - We started a podcast!

By John Paul McDonald & Fabio Campanella At Campanella McDonald LLP our team has been hard at work grinding out client tax returns and trying our best to accommodate a more virtual work experience than usual. JP and I, as always, are working in the background to help ensure our client's tax and financial plans […]

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3 Things I wish I knew when I started investing in real estate

3 Things I Wish I Knew When I Started Investing in Real Estate

By John Paul McDonald CPA, CA – Partner – Campanella McDonald LLP I have to admit, real estate has been a ride for me. My wife, Andrea, and I bought our first property in 2007, I was 27 years old at the time. It was the biggest purchase of our lives at the time and […]

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The Tax Implications of “Flipping” Properties with Fabio and Joseph

By: Fabio Campanella CPA, CA, CFP, CIM Have you ever wondered how the CRA views property “flips” from a tax perspective? Perhaps you are interested in building a new home or renovating a home for personal use. Will you be taxed? Will you get the capital gains treatment? If you live in the house for […]

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small business tax accountants

If You’re Paying Yourself a Dividend From Your Small Business Then Watch Out For These Pitfalls

By: Fabio Campanella CPA, CA, CFP, CIM When you own a small business, you have two basic methods to compensate yourself: Salary or dividends. Often, the decision is made based on an owner-manager’s personal tax situation, whether or not family members will be paid, or a multitude of other factors that may have an effect […]

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CERB

How to Apply for the Canada Emergency Response Benefit (CERB) with CRA

Who can apply? You reside in Canada You are 15 years old or more when you apply For your first CERB application: You have stopped or will stop working due to reasons related to COVID-19 For at least 14 days in a row for the period you are applying for, you will not receive: employment […]

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accountant Oakville

How To Access the Temporary Wage Subsidy For Employers

By: Fabio Campanella CPA, CA, CFP, CIM Hello all employers. Recently the Government of Canada announced a “Temporary Wage Subsidy for Employers.” This subsidy is designed to help businesses meet their payroll needs by providing a subsidy equal to 10% of the remuneration you pay between March 18, 2020, and June 20, 2020, up to […]

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small business tax accountants

My Portfolio is Down! Are There Any Tax Benefits?

By: Fabio Campanella CPA, CA, CFP, CIM The S&P/TSX Composite Index, Canada’s benchmark stock index, is currently down to the tune of 30% + from its highs this year. The pain in the stock market is not isolated to Canada, for the most part, every major stock index in the world is down in a […]

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accountant Oakville

COVID-19’s Massive Impact on Small Business

By: Fabio Campanella CPA, CA, CFP, CIM It’s no secret, this pandemic is affecting more than our health. According to Goldman Sachs, small businesses in the US are feeling the impact of the measures taken to halt the spread of COVID-19. We can only assume that Canadian small businesses are experiencing similar symptoms. So what’s […]

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accountant Oakville

COVID-19 Economic Response – What You Need To Know:

Below is a more detailed summary of the points most relevant to our clients: INDIVIDUALS AND TRUSTS Tax Return due date deferred to June 1, 2020 However, if you expect a refund or other benefit (i.e. GST/HST, GIS, etc.) file ASAP! Tax payment deferral: Taxes that become owing between March 18 and August 31 can […]

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