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US citizens who are resident in Canada and own an interest in a corporate professional practice (such as a medical practice ) should consider their exposure to the passive foreign investment corporation (PFIC) rules. Canadian practitioners may be aware of the potential impact of the PFIC rules on Canadian mutual funds held by US citizens outside an RRSP. However, the scope of the rules extends beyond Canadian mutual funds.
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Ontario Budget 2026 What It Means for Business Owners and Investors
If you are running a business or making investment decisions in Ontario, the 2026 provincial budget introduces changes that deserve your attention. While not as extensive as recent federal reforms, ...
The Hidden Risk in Family Businesses Nobody Talks About
Family businesses are often built on dedication, resilience, and a shared vision. What begins as an entrepreneurial pursuit frequently evolves into something much deeper – an enduring part of the ...
Starting a Small Business in Ontario in 2026: What to Think About Before You Spend Your First Dollar
Most people don’t start a business because they love paperwork. They start because they see an opportunity. Or they are tired of working for someone else. Or they want to ...