Introduction: The General Anti-Avoidance Rule & Documentary Discovery during Tax Litigation Section 245 of Canada’s Income Tax Act contains...
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Introduction – What are Statute-Barred Tax Years? The Canadian tax system is based on the principles of self-assessment, which...
A gift is generally defined as a voluntary and gratuitous transfer of property, without any consideration given in exchange....
Introduction – Digital Payment Services and Financial Reporting Obligations Digital payment services like those offered by PayPal, which are...
T1135s, Beneficial Ownership of Property, and Chan v The Queen: A Canadian Tax Lawyer’s Case Comment
Introduction – T1135s and Beneficial Ownership The Canadian Income Tax Act requires that Canadian tax residents who own “specified...
Penalties Canada’s tax statutes contain various penalties that seek to curb non-compliance. A gross-negligence penalty aims to punish a...
Background: What is an NFT? A non-fungible token (NFT) is a unique digital asset that is built on top...
Background on Directors Liability for Taxes: The Tax Court of Canada has recently decided a case regarding director’s liability...
Change in Use of Principal Residence, Principal Residence Exemption and Subsection 45(2) Election When there is a change in...