Notice Of Determination for Tax Loss

Notice of Determination A taxpayer who incurs a loss for Canadian income tax purposes cannot…

Published: March 17, 2020

Last Updated: April 13, 2020

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Maintain proper documentation to claim the new transit-pass tax credit

A taxpayer who uses public transit should be sure to maintain proper documentation to claim…

Published: March 17, 2020

Last Updated: April 13, 2020

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CRA’s Collection Tax Debts From Third-Parties

Introduction – CRA Collections Powers While generally speaking, Canada Revenue Agency (“CRA”) can only collect…

Published: March 12, 2020

Last Updated: April 26, 2021

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Canadian Snowbirds Should Know These US Tax Residence Rules – Tips from A Canadian Tax Lawyer

Canada is known for its long and harsh winters, so many Canadian snowbirds spend those…

Published: March 12, 2020

Last Updated: December 15, 2022

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Witholding tax on Payments to Canadian Non-resident

Interest, dividend and most other payments made to a non-resident of Canada are subject to…

Published: March 12, 2020

Last Updated: April 16, 2020

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Reorganization for New Eligible Capital Property (Goodwill) Rules

Tax changes are set to come into force on January 1, 2017 with respect to…

Published: March 12, 2020

Last Updated: March 16, 2020

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Toronto Tax Lawyer Tax Planning for Optimizing Your Medical Tax Claim

The Medical Expenses Tax Credit – Tax Planning for Optimizing Your Tax Claim – A…

Published: March 12, 2020

Last Updated: April 26, 2021

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Offshore Income

Offshore income earned by a Canadian resident is fully taxable in Canada and must be…

Published: March 12, 2020

Last Updated: July 19, 2021

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Loss On Investment

Money lost investing in a small business corporation may be claimed as a “business investment…

Published: March 12, 2020

Last Updated: April 26, 2021

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