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Tax shelters

Tax shelters are transactions structured in such a way as to provide a tax benefit in excess of the cash investment. For the first time in 2003 there is a tax shelter that has insurance from Lloyd’s that will pay any taxes, interest or penalties arising as a result of a reassessment by CRA (the Canadian income tax department).

Understand the risks before investing in a tax sheltered investment

Canadian income tax shelters are always being sold for the current taxation year. Be sure you understand the risks, both business and tax, before making any decision to invest in a tax sheltered investment or charitable donation gifting arrangement.

Business and tax implications of your investment

Before acquiring any tax shelters by the December 31 deadline ensure you understand the business and tax implications of your investment, as well as the position of the Canada Revenue Agency (the Canadian income tax department) with respect to the shelter.


"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Tax Shelter Information
Proposed First Home Savings Account – Canadian Income Tax – Toronto Tax Lawyer Guide
Charitable Donations & the Burden of Proof – Toronto Tax Analysis
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Tax Shelters General Info
Art Donation Tax Shelter Allowed
Tax Shelter Investments
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Charitable donations through leveraged donation programs