Income Tax

by Ashuthi Kanneganti

Subsection 163(2) of Canada’s Income Tax Act

Legal Consequences of Misrepresentations in Tax Matters Subsection 163(2) of the Income Tax Act (the “Act”) outlines the penalties that can be lev...

by Jake McPhee

Income Tax Implications of Departing Canada

For tax purposes, the distinction between a resident and a non-resident of Canada is essential in determining how much a taxpayer owes. Canadian resid...

by Alisha Kara

The Differential Tax Treatment of Employees vs Independent Contractors

Navigating the world of taxes can be a complex endeavour, especially when it comes to determining whether you are classified as an employee or an inde...

by Matthew Pollock

Tax Considerations for Canadians Wintering Abroad

When the temperatures drop each year, many Canadians head south for the winter for a few months of bliss to escape the cold weather. While enjoying th...

by Elias Zafiridis

Streaming Success: Tax Implications for Gamers and Streamers in Ontario

In the vibrant landscape of digital entertainment, the realms of gaming and streaming have become more than just a pastime. For many, these platforms ...

by admin

Alternative Minimum Tax (AMT) for High-Income Individuals

Insights into the upcoming changes Significant changes were announced to the Alternative Minimum Tax (AMT) system in the federal budget for 2023. The ...

by Bhavika Chadha

The Income Tax and GST/HST Treatment of Credit Unions

Credit unions are full-service financial cooperatives. Like other financial institutions, they provide various services, such as operating savings and...