Overview – T1135 Reporting Requirement: Exception for Interests in Non-Resident Trusts Not Acquired for Consideration Canadian who own specified...
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Requirements for Part XIII Withholding Tax on Canadian Interest to Non-Residents – A Toronto Tax Lawyer Guide Introduction –...
What is Canadian Departure Tax? When taxpayers emigrate from Canada, for tax purposes they are deemed to have disposed...
Introduction – Repeated Failure to File Income Tax Penalty Under Canada’s income tax system, taxpayers are required to calculate,...
Introduction: The Canada Revenue Agency’s Overzealous Use of Gross-Negligence Penalties Gross-negligence penalties aim to punish taxpayers whose conduct “involves a...
Introduction: Derivative Tax Liability under Section 160 of the Income Tax Act & Transfers to Trustees Section 160 of...
Introduction – CRA’s Court Order against Coinsquare On September 18, 2020, the CRA filed a Federal Court application against...
What is a Tax Notice of Objection? A tax Notice of Objection is a formal dispute filed with the...
Introduction – Tax Remission Order Canada’s tax laws contain provisions that are carefully crafted and precisely designed to provide...
Introduction – Blockchain or Cryptocurrency Liquidity Mining and Yield Farming Blockchain or cryptocurrency liquidity mining (also called cryptocurrency yield...
Blockchain or Cryptocurrency Fraud – Cryptocurrency Fraudulent Investment Schemes The advent of blockchain technology and cryptocurrencies has resulted in...
Introduction to the Relevant Law on TFSA Over-Contribution and Non-Resident Contribution Before discussing the case of Ifi v. Canada...
Introduction: Cryptocurrency-Trading Businesses in Canada Canadian cryptocurrency-trading businesses face unique challenges. The mostly unregulated market brings higher risk of...
Introduction – Indirect Tax Audit Methods Canada’s income tax system is designed around every taxpayer, individual, corporation or trust,...
Money transferred from a corporation to its shareholder was reassessed as shareholder benefits This case was a split decision...
Introduction – Taxation of Testamentary Trusts and Estates A testamentary trust is one that is created as a result...
The Canada Revenue Agency’s low prescribed rate opens up income splitting opportunities – A Canadian tax lawyer’s tax guidance...
Introduction – Tax Search Warrants Canada’s federal Income Tax Act includes provisions that grant the Canada Revenue Agency (the...
Introduction – Tax Search Warrants Canada’s federal Income Tax Act includes provisions that grant the Canada Revenue Agency (the...
Introduction – Business Tax Audit Business tax audits are a keyway by which the Canada Revenue Agency (CRA) ensures...
An employee housing loan refers to any loan that you can get from your employer to buy a home....
If you are curious about using a shareholder loan and want to know the potential fallout that it could...
Winston Churchill is reputed to have said, “We contend that for a nation to try to tax itself into...
Tax planning is very difficult and stressful to handle on your own and it is not at all easy ...
Tax law is complex and it is unwise to proceed without proper guidance. The extensive powers granted by the...
Even before a tax debtor has time to react or engage a tax expert his bank accounts can be...
Tackling tax problems is difficult enough and to add to that if you are dealing with CRA auditors or...
Tax evasion is an offence under the Income Tax Act and the Excise Tax Act (for GST/HST) but notably...
We are a specialized Canadian tax law firm with 30 years of experience and have seen it all, so...
Any problem related to tax and tax audit is difficult and stressful to manage on your own .In the...
Canada’s Tax Act gives sweeping powers to the Canada Revenue Agency and by extension its tax collection officers, to...