Rental Income From Principal Residence

If you earn income from your principal residence, for example from renting a room, your…

Published: March 10, 2020

Last Updated: March 17, 2020

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Canadian residents are taxable in Canada on their world income

Canadian residents are taxable in Canada on their world income. This includes income or capital…

Published: March 10, 2020

Last Updated: April 17, 2020

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Deduction of Legal Fees In Family Litigation

The rules for tax deductions in family litigation are complex and depend on exact nature…

Published: March 10, 2020

Last Updated: January 17, 2022

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Tax planning for professionals and unicorporated businesses

Maximize 1995 Earnings All self-employed professionals and unincorporated businesses with a non-calendar year end should…

Published: March 10, 2020

Last Updated: October 6, 2020

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Tax Planning Is An Ongoing Process

Tax planning is an ongoing process. Once you have filed your previous Canadian income tax…

Published: March 10, 2020

Last Updated: March 17, 2020

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Estate Charitable Donations

A graduated rate estate (GRE) can claim a donation in the year it is made…

Published: March 10, 2020

Last Updated: March 17, 2020

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Losses Trapped in a Corporation

Losses that a corporation incurs can’t be claimed by it’s shareholders A corporation is a…

Published: March 10, 2020

Last Updated: April 16, 2020

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Structuring settlement to allow for deductions of guarantee payment

Generally speaking, a taxpayer who is required to honour a Guarantee is considered to have…

Published: March 10, 2020

Last Updated: April 10, 2020

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Tax refunds

Are you an employee and expecting to receive a large Canadian income tax refund ?…

Published: March 10, 2020

Last Updated: April 17, 2020

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