Introduction Recent changes to the Alternative Minimum Tax (AMT) in Canada could have significant implications in various tax planning...
Read More
Introduction Business owners are often tempted to dip into the corporation’s pockets to pay for personal expenses. A temptation...
What is the reversionary trust rule? A trust is a relationship where a person, called the settlor, provides cash...
Introduction: Appeals to assessments under section 160 of the Income Tax Act Helen Schonberger v. HMK was an appeal...
What is a Land Transfer Tax? A land transfer tax is a tax imposed on the buyer of a...
Introduction – The Canada Child Benefit (“CCB”) Where it applies, subsection 122.61(1) of the Income Tax Act entitles an...
The CRA reversed $246 million in COVID benefit debts after taxpayers challenged their decisions The Canadian government has had to...
Introduction: Dealing with Tax Residence When Claiming a Deduction for a Dependant Several provisions of Canada’s Income Tax Act...
Introduction: Statute-Barred Taxation Years Canada’s Income Tax Act generally bars the Canada Revenue Agency from reassessing a taxpayer’s taxable...