by James PendergastWhat is a Taxable Benefit?
What is a Taxable Benefit? A taxable benefit is a benefit that a taxpayer receives, typically paid for by a corporation, that is more related to perso...
by James PendergastTuition Tax Credits
The Tuition Tax Credit The tuition tax credit (“TTC”) is a non-refundable tax credit that helps Canadian students who are currently attending, o...
by James PendergastGST/HST New Home Housing Rebate
GST/HST New Home Housing Rebate When you buy a new property in Canada, you must pay GST or HST on the purchase. However, purchasers can receive a reba...
by James PendergastHave You Received A GST/HST Audit After Already Being Audited?
GST/HST Audits after already being Audited Subject to exceptions, Canadians running businesses are expected to collect and remit GST/HST to the govern...
by James PendergastCryptocurrencies and the CRA
Cryptocurrencies and the CRA In the distant past, the wild west of 2016, cryptocurrencies were a novelty; for the use of those with a particular dista...by James PendergastIs PayPal Income Taxable In Canada?
The Canada Revenue Agency has recently received a court order from the Federal Court allowing them to collect a broad range of data from paypal. The ...
by James PendergastMarijuana and Taxes
The Liberal Government continues to work towards legalizing marijuana throughout Canada by releasing proposed amendments to the Excise Tax Act concer...
by James PendergastWhat are Reasonable Business Expenses?
In a tax context, an expense or a write-off is another word for a deduction. Canadian corporations are taxed on their profits, that is, the income th...
by James PendergastWhat does ‘Reasonableness’ Mean in Canadian Tax Law?
When Canadians think of taxes, they likely think of strict rules that come out of the Income Tax Act. Parts of the Act, however, do not really work ...by James Pendergast