by James PendergastBank Deposit Analysis
When the Canada Revenue Agency (“CRA”) audits a taxpayer, there are many different auditing methods or techniques that may be used. One of...
by James PendergastBusiness Income vs. Capital Gains
Taxpayers will always try and pay the lowest amount of taxes possible. That is why the difference between business income, and capital gains is so im...
by Jason RosenArbitrary Assessments
When the Canada Revenue Agency (“CRA”) processes a tax return, they produce a document detailing the results known as a Notice of Assessm...
by Jason RosenConsidering Judicial Review?
The Canada Revenue Agency (“CRA”), like all other government decision-making bodies, are accountable for their actions. The Income Tax Act (R...
by Jason RosenReplacement Property Rules
Replacement Property Rules – Deferring a Capital Gain Normally, if you sell a property at a higher amount than the purchase price, there will ca...
by Jason RosenRRSP Over Contributions
A Registered Retirement Savings Plan (“RRSP”) is a tax deductible way of funding your retirement. Contributions made are deductible from y...
by Jason RosenLifetime Capital Gains Exemption
The Lifetime Capital Gains Exemption (LCGE) is an incentive created by subsection 110.6 of the Income Tax Act. It allows taxpayers the opportunity to...
by Jason RosenRenting Out Your Property
If you rent out property, there are a number of expenses that may be deducted from your rental income to lower your overall tax bill. Some typical ex...
by Jason RosenAllowable Business Investment Loss
A business investment loss is a capital loss from the sale of shares of a small business corporation, or it can be a debt owed to someone by a small b...by Jason Rosen