Tax Tips
Holding Companies: When Does It Make Sense for Your Business?
Givens LLP > Tax Tips Holding Companies: When Does It Make Sense for Your Business? Givens LLP | August 25, 2026 SHARE As a business grows, owners often hear the same piece of advice: “You should set up a holding company.” A holding company, or “HoldCo,” can be an effective tool for managing corporate wealth, reducing…
Read MoreFrom Airbnb Side Hustle to Scalable Business: What Short-Term Rental Owners Need to Get Right
Givens LLP > Tax Tips From Airbnb Side Hustle to Scalable Business: What Short-Term Rental Owners Need to Get Right Givens LLP | July 25, 2026 SHARE What starts as a simple side hustle can quickly become a serious business. For many Canadians, short-term rentals began as a way to generate extra income from a spare…
Read MoreWhat CRA Is Auditing More Aggressively in 2026 — And How Businesses Should Prepare
Givens LLP > Tax Tips What CRA Is Auditing More Aggressively in 2026 — And How Businesses Should Prepare Givens LLP | June 22, 2026 SHARE Many business owners assume that a CRA audit is simply a matter of chance. While random audits still occur, the Canada Revenue Agency has increasingly adopted a more…
Read MoreCash vs. Profit: Why Your Business Can Be Busy but Broke
Givens LLP > Tax Tips Cash vs. Profit: Why Your Business Can Be Busy but Broke Givens LLP | May 28, 2026 SHARE For many business owners, a growing sales pipeline and a packed schedule feel like clear signs of success. Customers are buying, projects are moving forward, and revenue is coming in. Yet despite all…
Read MoreKeeping It in the Family: Tax Planning Strategies for Business Succession
Givens LLP > Tax Tips Keeping It in the Family: Tax Planning Strategies for Business Succession Givens LLP | April 28, 2026 SHARE Passing a business to the next generation is rarely about an immediate exit. For most Alberta family-owned businesses, succession is focused on continuity, control, and long-term planning rather than a traditional sale for…
Read MoreCharitable Donations: Understanding the Tax Advantages
Givens LLP > Tax Tips Charitable Donations: Understanding the Tax Advantages Givens LLP | March 26, 2026 SHARE As the year progresses, many Canadians begin to consider giving back, whether by supporting a cause they care about, addressing a need within their community, or making a meaningful year-end donation. Choosing where to donate is…
Read MoreExit Planning 101: What Business Owners Should Start Doing 5 Years Before a Sale
Givens LLP > Tax Tips Exit Planning 101: what business owners should start doing 5 years before a sale Givens LLP | February 19, 2026 SHARE For many Canadian entrepreneurs, their business is their biggest asset—and often their retirement plan. Yet most owners don’t begin thinking seriously about their exit until a sale or…
Read MoreCanada’s 2025 Federal Budget: Key Tax Updates and What They Mean
Givens LLP > Tax Tips Canada’s 2025 Federal Budget: Key Tax Updates and What They Mean Givens LLP | January 21, 2026 SHARE On November 4, 2025, Canada’s federal government introduced its 2025 Budget, focusing on several personal tax measures that affect both individuals and organizations—especially those with globally mobile employees. Below is an…
Read MoreBare Trust Reporting in Canada: What’s Changing for 2025 and What You Need to Know
Givens LLP > Tax Tips Bare Trust Reporting in Canada: What’s Changing for 2025 and What You Need to Know Givens LLP | December 18, 2025 SHARE The Canadian tax landscape has seen significant changes in recent years, and one area that has generated considerable confusion is bare trust reporting. If you are a…
Read MoreUnderstanding the Voluntary Disclosure Program in Canada – Key Changes Effective October 1, 2025
Givens LLP > Tax Tips Understanding the Voluntary Disclosure Program in Canada – Key changes effective October 1, 2025 Givens LLP | November 18, 2025 SHARE The Voluntary Disclosure Program (VDP) is a program run by the CRA that allows taxpayers (and registrants) to come forward on a case-by-case basis and correct errors or omissions in their tax filings before the CRA…
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