by Jason RosenThe New Toronto Vacant Home Tax
Read on about the new Toronto vacant home tax. Beginning in early 2023, Toronto homeowners with vacant properties will have to pay an additional 1% ta...by Jason RosenNew CRA Limits on Interest and Financing Expenses
Here is information on the new CRA limits. On November 3rd, 2022, the Department of Finance released revised legislative proposals for the excessive i...
by Jason RosenThe New Luxury Tax in Canada
As of September of 2022, luxury cars, boats, and aircrafts may be subject a 10% to 20% new luxury tax in Canada, depending on their price tag and usag...
by Jason RosenOnlyfans Audits
Recently, the CRA has started to pursue onlyfans audits. These days it is becoming more and more common for the average person to engage in self-emplo...
by Jason RosenServer Tips, EI and CPP Contributions
On August 31, 2022, the Federal Court of Appeal (the “FCA”) released its decision in Ristorante A Mono Limited vs the Minister of National Revenue...
by James PendergastCanadian Foreign Affiliates, FAPI, and Upcoming Legislative Changes
On August 9, 2022, Canada’s Ministry of Finance released details of proposed changes to the Income Tax Act (“ITA”), many of which are dr...
by James PendergastNew Rules for Principal Residences Sold Within One Year
On April 7th, 2022, the Federal government proposed “anti-flipping” rules to house sales within 12 months. Prior to this, many individuals bought ...
by Jason RosenReal Estate Assignment Sales – New Tax Rules
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect o...by James PendergastCanada vs. Collins Family Trust – An Overview
The Supreme Court of Canada released its decision in Canada (Attorney General) v Collins Family Trust (Collins) on June 17, 2022. The Court held that...by Jason Rosen