Did You Sell Your Home in 2018? What You Need to Tell the CRA

Did you sell your home in 2018?  If so, did you know that you need to report the sale of your principal residence on your 2018 income tax return? In many cases where a person sells their residence it is possible to avoid paying income tax on the increase in value between the time of […] Read More
February 25, 2019
Tax

Roll it up! Rules and Regulations for Building your Cannabis Store

Opening a cannabis store in Alberta requires a large number of steps, including obtaining approval from the Alberta Liquor Gaming and Cannabis Commission (the “AGLC“). The Gaming, Liquor and Cannabis Act, RSA 2000, c G-1 (the “Act“) has provided the AGLC with the authority to regulate and licence retail cannabis stores in Alberta. The AGLC […] Read More

Show me the Money! Timing the Release of Holdback

In Alberta, where a contractor is of the opinion that the work under its contract is substantially performed, the contractor may issue and deliver to the owner a certificate of substantial performance (“CSP”) in respect of the contract. Taking this step allows a contractor to receive payment of the statutory 10% holdback prior to its […] Read More