Proposed Tax Amendments Announced for Income Splitting

The Department of Finance announced 3 changes to the Canadian Income Tax Act on Tue…

Published: March 20, 2020

Last Updated: April 13, 2020

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Concept Of De Facto Director

Concept of de facto director is of very limited application: The Tax Court of Canada…

Published: March 20, 2020

Last Updated: April 16, 2020

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Generally accepted accounting principles and the income tax act

The question about the use of generally accepted accounting principles (GAAP) in the determination of…

Published: March 20, 2020

Last Updated: September 28, 2020

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Deduction denied due to No Records

The Tax Court of Canada denied deductions in the case of G Hill Fai Investments…

Published: March 20, 2020

Last Updated: April 13, 2020

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Changes to the Goodwill Tax Rules & Reorganization

Changes to the Eligible Capital Property Tax Rules: How Canadian Tax Lawyers Can Help you…

Published: March 20, 2020

Last Updated: April 13, 2020

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Fees to Challenge Tax Assessment are Deductible

Legal or accounting fees incurred to challenge a tax assessment are a deductible expense for…

Published: March 20, 2020

Last Updated: April 13, 2020

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Tax-Free Savings Account (“TFSA”) – Income Tax Help from Toronto Income Tax Lawyer

TFSA Canada - General Rules In order to encourage Canadians to increase their savings, in…

Published: March 20, 2020

Last Updated: October 21, 2022

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CRA Extensive Powers Of Enforcement

CRA (the Canadian income tax department) has extensive powers of enforcement to ensure that taxpayers…

Published: March 20, 2020

Last Updated: February 21, 2022

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Testamentary Trust Planning

The new rules that come int effect at the end of the year mean that…

Published: March 20, 2020

Last Updated: June 11, 2021

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