
The Tax Benefits of Flow-Through Shares
Flow-Through Shares (FTSs) are specific to the mining, oil and gas, renewable energy, and energy conservation sectors. FTSs are primarily used to help...
Onlyfans 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...
Server 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...
Business Expenses for Real Estate Agents
Following the Bank of Canada’s decision to continually raise interest rates in 2022, real estate activity has been muted, with fewer homes chang...
Canadian 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...
Is Tax-Free EU Shopping Actually Tax-Free for Canadians?
To better attract tourism, the European Union (EU) offers VAT-free shopping for non-EU citizens. VAT is what Europeans call our GST/HST and means valu...
Investing in Canada as a Non-Resident for Tax Purposes
Whether it’s foreign investment in a booming housing market, a trend towards remote work and flexible employment options, or Canadian citizens looki...
New 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 ...
Real 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...