by Jason RosenArbitrary Assessments
When the Canada Revenue Agency (“CRA”) processes a tax return, they produce a document detailing the results known as a Notice of Assessm...
by Jason RosenConsidering Judicial Review?
The Canada Revenue Agency (“CRA”), like all other government decision-making bodies, are accountable for their actions. The Income Tax Act (R...
by Jason RosenTax Scams
There are a number of scammers contacting taxpayers around Canada and scaring them into believing they owe the Canada Revenue Agency (“CRA̶...
by Jason RosenTax Shelters & Gifting Arrangements
A tax shelter is defined in subsection 237.1 of the Income Tax Act as an arrangement that provides a taxpayer tax benefits or deductions whi...
by Jason RosenSpousal Rollover
Under subsection 70(5)(a) of the Income Tax Act, when a taxpayer passes away, they are deemed to sell, and re-purchase all non-depreciable, and depre...
by Jason RosenReplacement Property Rules
Replacement Property Rules – Deferring a Capital Gain Normally, if you sell a property at a higher amount than the purchase price, there will ca...
by Jason RosenRRSP Over Contributions
A Registered Retirement Savings Plan (“RRSP”) is a tax deductible way of funding your retirement. Contributions made are deductible from y...
by Jason RosenLifetime Capital Gains Exemption
The Lifetime Capital Gains Exemption (LCGE) is an incentive created by subsection 110.6 of the Income Tax Act. It allows taxpayers the opportunity to...
by Jason RosenRenting Out Your Property
If you rent out property, there are a number of expenses that may be deducted from your rental income to lower your overall tax bill. Some typical ex...
by Jason Rosen