Introduction Business owners are often tempted to dip into the corporation’s pockets to pay for personal expenses. A temptation...
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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...
Entering the housing market is not easy these days and this is true in many communities across Canada. Prices...