Introduction: Statute-Barred Taxation Years Canada’s Income Tax Act generally bars the Canada Revenue Agency from reassessing a taxpayer’s taxable...
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Entering the housing market is not easy these days and this is true in many communities across Canada. Prices...
What is an alter ego trust An alter ego trust is an inter-vivos trust, which means it’s created during...
Introduction – The Canadian Foreign Tax Credit System An individual who is a Canadian tax resident is liable to...
What is a retiring allowance? A retiring allowance is a payment made by an employer to an employee when...
Introduction: Mr. Cassidy’s Request for Taxpayer Relief Taxpayers may, under subsection 220(3.1) of the Income Tax Act (“Tax Act”),...
Introduction: Statute-Barred Tax Years & Statute-Barred Tax Audits Canada’s Income Tax Act sets out a “normal reassessment period,” after...
Introduction – CERB and CRB claims before the Federal Court The Canada Revenue Agency (“CRA”) has been assessing, and...
Introduction – Tax Exemptions for Charities To promote philanthropic ventures, the Canadian income tax regime offers generous tax benefits...