
Business Expenses for Real Estate Agents
Following the Bank of Canada’s decision to continually raise interest rates in 2022, real estate activity has been muted, with fewer homes chang...
Is Tax-Free EU Shopping Actually Tax-Free for Canadians?
To better attract tourism, the European Union (EU) offers VAT-free shopping for non-EU citizens. VAT is what Europeans call our GST/HST and means valu...
Investing in Canada as a Non-Resident for Tax Purposes
Whether it’s foreign investment in a booming housing market, a trend towards remote work and flexible employment options, or Canadian citizens looki...
Real Estate Assignment Sales – New Tax Rules
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect o...
Capital Gains – Canadians Selling U.S. Real Estate
The housing market in the U.S. has skyrocketed over the past few years due to shortages in the supply of homes, increasing demand, and rising interest...
Is the CRA Allowed to Criticize Business Practices?
The Canada Revenue Agency (“CRA”) was recently faulted for encroaching and inappropriately second-guessing the Appellants’ business practices in...
What is a Taxable Benefit – Part 3
If you are an employer, you have probably considered providing your employees with benefits. If so, it is important to understand that you may have ob...
Tax Evasion vs. Tax Avoidance
Sometimes taxpayer’s tax plans are right on the edge of tax evasion or tax avoidance. While the two appear similar in meaning, their characteris...
Non-Resident Withholding Tax on Canadian Rental Income
The Canadian tax system primarily operates to tax Canadian “residents.” The term “resident” has its own legal meaning in the Income Tax Act (t...

