Author: Michelle Kosarnia

by Michelle Kosarnia

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 Michelle Kosarnia

Canada Emergency Business Account (CEBA) Loan Forgiveness

During the Covid-19 pandemic, the Canada Emergency Business Account (CEBA) provided a lifeline for many businesses by offering interest free loans to ...

by Michelle Kosarnia

Unused Tuition, Textbook, and Education Tax Credits

The Canadian tax system offers several tax credits aimed at supporting students with the financial burden of post-secondary education. Two of these cr...

by Michelle Kosarnia

Tax Implications of Spousal Support Payments in Canada

Navigating the tax landscape of spousal support payments can be complex, but it is essential for ensuring compliance with Canadian tax laws. Managing ...

by Michelle Kosarnia

The Public Service Bodies’ Rebate

Charities often operate with tight budgets while delivering essential services. To support these vital organizations, the government offers a valuable...

by Michelle Kosarnia

How to Complete a Tobacco Information Return as a “Prescribed Person”

What is a Tobacco Information Return? Form B285, otherwise known as a Tobacco Information Return, is a return that must be filed monthly by an individ...

by Michelle Kosarnia

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...

by Michelle Kosarnia

The Federal Court of Appeal Overturns GAAR Assessment in 3295940 Canada Inc. v. The King, 2024 FCA 42

In the notable decision of 3295940 Canada Inc v The King, the Federal Court of Appeal (“FCA”) recently overturned a General Anti-Avoidance Rule (...

by Michelle Kosarnia

Distinction Between Current and Capital Expenditures

A repeated question in the realm of taxation revolves around the nature of expenditures; whereby misunderstandings arise as to whether an expense incu...

by Michelle Kosarnia

Navigating the Saskatchewan-CRA Debate

In recent months, Saskatchewan has found itself at the center of a heated debate with the Canada Revenue Agency (CRA), sparking concerns and discussio...