Tax

by Jason Rosen

Indigenous Tax Exemptions

There is a long-standing myth that Indigenous people do not pay taxes while that is not exactly the case. Indigenous people are subject to the same ta...

by Jason Rosen

The Principal Residence Exemption and Changes of Use

Canada’s real estate industry is constantly fluctuating and transforming in a variety of ways. Among these transformations, are the duties of the Ca...

by Jason Rosen

Is My GST/HST Reassessment Statute Barred?

If the Canada Revenue Agency (CRA) audits a taxpayer’s GST/HST returns, and determines that the previous assessment was incorrect, they are able...

by Jason Rosen

Are Cryptocurrency Losses Tax Deductible?

With a market cap now valued in the trillions, the tax implications of cryptocurrency gains have been a common concern in recent years due to its unpr...

by Jason Rosen

Are Gambling Winnings Taxable in Canada?

When you’re placing a bet, whether it’s on a hockey game or at the poker table, taxes are probably the last thing on your mind. However, it’s im...

by Jason Rosen

Should I Keep a Logbook for my Expenses?

Canadian Taxpayers can reduce their taxable income by claiming business expenses against the revenue they received. For individuals and businesses see...

by James Pendergast

How are Gifts of Capital Property Taxed?

It is well established in Canada that gifts and inheritances are tax-free windfalls enjoyed by taxpayers. The Federal Court of Appeal in Bellingham v ...

by Jason Rosen

Canada’s New Anti-Flipping Tax

The housing market in Canada has skyrocketed over the years. The average Canadian finds themselves renting because of high housing prices. In an attem...

by Jason Rosen

Advance Income Tax Rulings and Technical Interpretations

Taxpayers may request answers from Canada Revenue Agency (“CRA”) by requesting an advance income tax ruling, or a technical interpretation. A tech...

by Jason Rosen

How Does the Canada Revenue Agency Find Unreported Income?

The Canadian tax system operates as a self-reporting system. Each taxpayer is responsible for reporting their total income, deductions and credits cla...