Greg Kauffeldt - B.COMM, CPA, CA, Partner

Since joining McCay Duff LLP in 2004, Greg has primarily focused on helping business owners and individual clients successfully resolve tax issues. Greg’s experience includes providing tax compliance, consulting, in-depth tax and estate planning and GST/HST compliance to business owners in a wide range of industries. Greg also has extensive experience in providing US tax advisory and compliance services. Learn More ...
Quebec Sales Tax - QST

QST Registration Date Approaching for Non-Residents of Quebec Who Sell Goods and Services into Quebec

The Québec budget tabled on March 27, 2018 introduced a new QST regime that takes effect on September 1, 2019 for suppliers who are resident in Canada but not residents of Québec.  This legislation has three newly defined suppliers for QST purposes: Foreign Specified Suppliers (FSS), Canadian Specified Suppliers (CSS) and operators of a Specified Digital Platform (SDP). An FSS is a supplier who: does not carry on a business in Canada; does not have …

QST Registration Date Approaching for Non-Residents of Quebec Who Sell Goods and Services into Quebec Continue Reading

CPA Canada Federal Budget Commentary

CPA Canada Federal Budget Commentary

On February 27th the Minister of Finance tabled his third budget, “Equality & Growth – A Strong Middle Class.”  The following is a brief overview of the key tax measures included in this budget. BUSINESS INCOME TAX MEASURES PASSIVE INVESTMENT INCOME EARNED BY PRIVATE CORPORATIONS The Budget proposes to introduce measures to reduce perceived tax advantages where a private corporation earns passive income. The announcement that such measures were going to be introduced was first …

CPA Canada Federal Budget Commentary Continue Reading

Tax Time - Tax Planning using Private Corporations

Tax Time: Tax Planning using Private Corporations

On July 18, 2017, the Department of Finance released a consultation document and draft legislation containing proposals that, if enacted, will significantly affect many private companies and their shareholders. Here is a brief summary of the proposed changes and how they will impact business owners. INCOME SPRINKLING Income sprinkling refers to splitting income with family members who are in a lower tax bracket. Existing “kiddie tax” rules in the Income Tax Act limit income sprinkling …

Tax Time: Tax Planning using Private Corporations Continue Reading

Changes to Reporting Principal Residence Sales

Changes to Reporting Principal Residence Sales

While the thrust of their proposals was directed towards preventing the use of the principal residence exemption (“PRE”) by non-residents as well as limiting its use for properties owned by certain trusts, all taxpayers who own a residence and use it (or a portion thereof) for their personal use will be affected by these proposals. Prior to this announcement, the Canada Revenue Agency (“CRA”) had a long-standing administrative position which allowed the majority of home …

Changes to Reporting Principal Residence Sales Continue Reading

Scroll to Top