Author: Matthew Pollock

by Matthew Pollock

Understanding Tax Exemptions

Tax exemptions are crucial for reducing your taxable income and, in turn, your overall tax liability. For Canadian taxpayers, understanding what quali...

by Matthew Pollock

Foreign Assets: Reporting Requirements and Tax Implications

As globalization increases and more Canadians invest in assets outside the country, understanding the tax implications and reporting requirements for ...

by Matthew Pollock

New Surtaxes on Imports Starting October 1, 2024

On August 26, 2024, the federal government announced new surtaxes targeting imports from China. This move is aimed at safeguarding the Canadian automo...

by Matthew Pollock

Tax Deductions and Credits for Ontario Businesses Using Electric Vehicles (EV)

As businesses in Ontario strive to modernize their operations and reduce their carbon footprint, the adoption of electric vehicles (EVs) has become in...

by Matthew Pollock

Fijal v. The King

In Fijal v. The King, the Tax Court of Canada addressed a complex tax dispute between the taxpayer, Mr. Fijal, and the Canada Revenue Agency (CRA) con...

by Matthew Pollock

Non-Resident Landlord Withholding Tax: Know Your Responsibilities

Landlords who are not tax residents of Canada and their tenants should be aware of filing and reporting requirements relating to the 25% federal non-r...

by Matthew Pollock

Penalties Applicable to Charities for Issuing False or Incorrect Donation Receipts

The Income Tax Act provides a significant deduction for charitable donations. A charity’s donation receipts can provide serious incentive to don0rs ...

by Matthew Pollock

The 2024 Digital Services Tax: What Businesses Need to Know

What is the Digital Services Tax? The Digital Services Tax (DST) was initially proposed in 2020 and was implemented in 2024. This tax applies retroact...

by Matthew Pollock

SCC Dismissed Glencore Canada’s Application for Leave to Appeal

The Supreme Court of Canada (“the SCC”) recently dismissed Glencore Canada Corporation’s application for leave to appeal the FCA’s 2024 decisi...

by Matthew Pollock

A Fairer Future for Canada’s Younger Generation: The 2024 Federal Budget

Canada has long been recognized as a land of opportunity, where generations have thrived thanks to progressive taxation, a strong social safety net, a...