Using Promissory Notes to Distribute Trust Income to Beneficiaries: A Canadian Tax Lawyer’s Analysis
Introduction – Taxation of Trusts and Trust Distributions in Canada The trust is a legal…
Published: December 23, 2022
Last Updated: December 23, 2022
Introduction – Tax Penalty and Interest Relief for Overcontributions to a TFSA As of 2009,…
Published: December 15, 2022
Last Updated: December 15, 2022
What to Know About “DAO”? - An Introduction In its most basic meaning, a decentralized…
Published: December 9, 2022
Last Updated: December 9, 2022
CRA denied taxpayer’s deduction claim on travel expenses Under section 8 of the Income Tax…
Published: December 9, 2022
Last Updated: December 9, 2022
Introduction: Significant Cryptocurrency Crash Impacts Investors Globally On Friday, November 11, 2022, the cryptocurrency derivatives…
Published: December 9, 2022
Last Updated: December 9, 2022
Introduction: The Ministry of Finance has Walked Back the Deadline for Imposing Disclosure Obligations on…
Published: December 9, 2022
Last Updated: April 24, 2024
What is the Ontario interactive digital media tax credit (OIDMTC)? The Ontario interactive digital media…
Published: November 14, 2022
Last Updated: November 14, 2022
Taxpayers filed motions to strike out CRA’s assumptions in its replies to the notices of…
Published: November 8, 2022
Last Updated: November 8, 2022
Here's the scenario: When a taxpayer dies, subsection 70(5) of Canada's Income Tax Act deems…
Published: November 7, 2022
Last Updated: November 7, 2022
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I’ve used Rotfleisch & Samulovitch for complex tax planning matters over the past few years. I’ve found them to be extremely knowledgeable, professional & effective, and would highly recommend them especially for entrepreneurs and their companies. R&S’ legal tax knowledge are a solid complement to the expertise of a quality accountant.
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Pro Tip
Tax Audits in Ontario
There are over 350,000 tax audit and review actions conducted by the Canada Revenue Agency on a yearly basis. Around 15,000 of these tax audits deal with “cash only” businesses (i.e. the underground economy). Additionally, an estimated 35,000 are tax shelter audits.
Frequently Asked Questions
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