
Selling Your Home: What You Need to Know
Selling your home is a significant financial decision that involves more than just finding the right buyer. From understanding the tax implications to...
Unreported Income: Consequences and How to Address It
Unreported income is a significant issue that can have serious legal and financial consequences. Whether intentional or unintentional, failing to repo...
Can’t Pay Taxes on Time? What to Do
Finding yourself unable to pay your taxes on time can be stressful and overwhelming. Whether due to financial hardship, unexpected expenses, or simply...
Income Splitting: A Strategy for Tax Savings
Income splitting is a tax strategy that can significantly reduce a family’s overall tax burden by shifting income from a higher-income earner to...
Tax Implications of Gifting Large Sums of Money
Gifting large sums of money can be a generous way to support family members, friends, or charitable organizations. However, it’s essential to un...
Director’s Liability in Canada: Understanding Legal Responsibilities
In Canada, directors of corporations bear significant responsibilities and may face personal liability for certain actions or failures of the company....
Understanding Family Trusts in Ontario: Rules and Benefits
Family trusts are becoming increasingly popular in Ontario, and Canada as a whole, as individuals seek effective ways to manage their assets and ensur...
Chad v The King
In Chad v The King, the Tax Court of Canada addressed a tax dispute between the taxpayer, Robert Chad, and the Canada Revenue Agency (“CRA”) regar...
The Working Canadians Rebate and Key 2025 Tax Updates You Should Know About
As we approach 2025, it’s important to take a moment and consider the upcoming changes to your personal tax preparation. The Canada Revenue Agency (...

