Commentary

by James Pendergast

What are GST/HST Carousel Schemes?

A “missing trader scheme” or “carousel scheme” is a fake supply chain created by a group of GST/HST registrants who work in collusion by repea...

by Eric Miller

Are Awards Taxable – A Tax Court of Canada Example

In 2020, the Tax Court of Canada published its decision for Saunders v The Queen (2020 TCC 114). The issue in this case is whether monetary awards rec...

by James Pendergast

Canada’s 2021 Budget and its Impacts on Taxpayers

On April 19th, 2021, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland presented “Budget 2021”, the first federa...

by James Pendergast

Retail Investing and the Tax Implications in Canada

The COVID-19 pandemic has created novel economic conditions for Canadian investors. Many Canadians were laid off or let go completely from their place...

by James Pendergast

What is a Taxable Benefit – Part 2

It may come as a surprise to some Canadian taxpayers when they receive a Notice of Assessment with reported income reassessed to be significantly high...

by Daniel Ibrahim

Participating Debt Interest

Participating debt interest and regular interest are treated differently by the Income Tax Act here in Canada. Whether interest is considered to be pa...