TFSA Anti-Avoidance Rules: TFSA Advantage – Canadian Income Tax – Toronto Tax Lawyer Guide

TFSA Background – TFSA Anti-Avoidance Rules: TFSA Advantage Tax Free Savings Account (TFSA) plans are…

Published: November 19, 2021

Last Updated: November 19, 2021

Read More

Tax Trap for Canadian Partnerships: The CRA Can Reallocate a Taxpayer’s Income from a Partnership if the Agreed-Upon Allocation Doesn’t Reflect Capital Contributions to the Partnership – Aquilini et al. v The Queen, 2021 FCA 206 – A Canadian Tax Lawyer’s Analysis

Introduction: Canadian Partnerships & the Income-Reallocation Rule under Subsection 103(1.1) of Canada’s Income Tax Act …

Published: November 19, 2021

Last Updated: November 19, 2021

Read More

A Canadian Tax Lawyer’s Perspective on Business Numbers Upon Amalgamation and Merger

What is an amalgamation? Amalgamation is one way in which two or more corporations join…

Published: November 18, 2021

Last Updated: November 18, 2021

Read More

What Can A Taxpayer Do If A CRA Decision Letter Is Unclear? – A Canadian Tax Lawyer’s Guide

INTRODUCTION: FEDERAL COURT RULES ON WHETHER CRA’S DECISION TO NOT PROCESS THE AMENDED RETURNS WAS…

Published: November 12, 2021

Last Updated: November 12, 2021

Read More

Tax Guidance to the Canada Emergency Wage Subsidy (CEWS) and the Voluntary Repayment of CEWS – A Canadian Tax Lawyer Tax Guide

Introduction – The Canada Emergency Wage Subsidy   Many Canadian businesses have been impacted by…

Published: November 5, 2021

Last Updated: January 17, 2022

Read More

Targeted COVID-19 Business Support Measures – Tourism and Hospitality Recovery Program (THRP), the Hardest-Hit Business Recovery Program (HBRP) and the Canada Recovery Hiring Program (CRHP) – A Canadian Tax Lawyer Tax Guide

Introduction: Targeted COVID-19 Business Support Measures Millions of Canadians have been impacted by the ongoing…

Published: November 5, 2021

Last Updated: November 10, 2021

Read More

Taxation of Bitcoin ETFs – A Toronto Tax Lawyer Analysis

Introduction – Bitcoin ETFs On October 19, 2021, the first U.S based Bitcoin exchange-traded fund…

Published: November 1, 2021

Last Updated: November 1, 2021

Read More

What Happens to Your Registered Retirement Savings Plans (RRSPs) Upon Death? The Designation of Beneficiaries and Subsection 51(1) of Ontario’s Succession Law Reform Act – A Canadian Tax Lawyer Tax Guide

Introduction: Registered Retirement Savings Plans (RRSPs) Registered retirement savings plans (RRSPs) are specifically designed to…

Published: October 29, 2021

Last Updated: January 17, 2022

Read More

Canada’s Preferential Tax Treatment for United Nations Employees: Tax Deduction for UN Employment Income – Canadian Tax Guidance from a Canadian Tax Lawyer

Introduction: Policy-Based Tax Deductions, Division C of the Income Tax Act & Tax-Free Income for…

Published: October 27, 2021

Last Updated: October 27, 2021

Read More