Last blog added on Tuesday, August 2nd, 2022

Information About MacDonald’s Tax Blog

Recent Posts

Below is a preview of the five most recent posts from the blog MacDonald’s Tax Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!

  • Accurate records of expenses are essential for SR & ED tax credits

    The program is designed to encourage Canadian businesses to conduct research and development in Canada. Depending on where you live, business owners can recover up to two-thirds of what they spent on salaries, one-third of what they spent on contractors and two-fifths of the cost of materials of bui … Read more »

  • How to apply for SR & ED Tax Credits

    Each year Canadian businesses receive $ 3 billion in tax credits through the Scientific Research and Experimental Development program administered by the Canada Revenue Agency (“CRA”) . This program is designed to encourage Canadian businesses to conduct research and development in Canada. Depending … Read more »

  • The IRS is cracking down on crypto reporting

    Don’t let this happen to you The Internal Revenue Service ( the “IRS”) is stepping up its enforcement efforts on cryptocurrency tax reporting by targeting people who hold, trade, or use cryptocurrency for audit and compliance verification. This should be of interest to anyone who has to file a US ta … Read more »

  • How to become a digital nomad and start living the laptop lifestyle

    Since the COVID pandemic, over 25 countries now offer “digital nomad “ visas which permit foreigners to live there, and work or study remotely, while being exempt from paying income tax in those countries. Canadian residents are taxed in Canada on their worldwide income. Often it is difficult to pro … Read more »

  • OSC goes after unregistered crypto trading platforms

    In March of 2021 the Ontario Securities Commission issued a warning that all crypto asset trading platforms that offer trading to Ontario residents must register with the OSC or face enforcement proceedings. Since then it has been cracking down on unregistered crypto asset trading platforms. Just re … Read more »