Author: Jake McPhee

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...