Introduction: Appeals to assessments under section 160 of the Income Tax Act Helen Schonberger v. HMK was an appeal to the Tax Court of Canada (“Tax Court”) heard jointly with the appeal of Tommy Schonberger. The two appeals were made in respect of the Notice of Assessments from the...
What is a Land Transfer Tax? A land transfer tax is a tax imposed on the buyer of a property during the purchase process. It is typically calculated based on the property’s purchase price and must be settled before ownership can be transferred. In Ontario, the rate of this...
Introduction – The Canada Child Benefit (“CCB”) Where it applies, subsection 122.61(1) of the Income Tax Act entitles an “eligible individual” to the Canada Child Benefit (“CCB”). The CCB is defined as an overpayment to ensure it remains a tax-free payment to the recipient. Many provinces in Canada (including...