Author: Jake McPhee

by Jake McPhee

Navigating Properties with CRA Liens: What Sellers Need to Know

Selling a property already comes with many stresses and complexities, but when the CRA places a lien on the property, those complexities increase. Whe...

by Jake McPhee

When Is the Sale of Your Home Taxed as Business Income in Canada?

Buying a home is often one of the largest investments a Canadian taxpayer will make. What many homeowners do not realize, however, is that selling a p...

by Jake McPhee

Understanding the CRA’s Power to Compel Interviews Under Section 231.1

The Canada Revenue Agency (CRA) has several key powers regarding the administration and enforcement of Canadian income tax laws. These powers allow th...

by Jake McPhee

Tax Strategies to Help Your Ontario Small Business Thrive

Running a successful small business in Ontario comes with its fair share of responsibilities. Having an effective tax plan is a key component to the l...

by Jake McPhee

Distinction Between Current and Capital Expenditures

A repeated question in the realm of taxation revolves around the nature of expenditures; whereby misunderstandings arise as to whether an expense incu...

by Jake McPhee

CRA (Re)Assessments & Subsection 152(4) of the Income Tax Act

What a Taxpayer Needs to Know About CRA (Re)Assessments & Subsection 152(4) of the Income Tax Act The Canada Revenue Agency (CRA) has several key ...

by Jake McPhee

Income Tax Implications of Departing Canada

For tax purposes, the distinction between a resident and a non-resident of Canada is essential in determining how much a taxpayer owes. Canadian resid...