by Jason RosenForeign Tax Credits: Guide for Canadian Taxpayers
For Canadians earning income abroad or paying taxes to foreign governments, the foreign tax credit is a valuable tool to prevent double taxation. With...
by Jason RosenDirector’s Liability in Canada: Understanding Legal Responsibilities
In Canada, directors of corporations bear significant responsibilities and may face personal liability for certain actions or failures of the company....
by Matthew PollockUnderstanding Family Trusts in Ontario: Rules and Benefits
Family trusts are becoming increasingly popular in Ontario, and Canada as a whole, as individuals seek effective ways to manage their assets and ensur...
by Matthew PollockThe Working Canadians Rebate and Key 2025 Tax Updates You Should Know About
As we approach 2025, it’s important to take a moment and consider the upcoming changes to your personal tax preparation. The Canada Revenue Agency (...
by Jason RosenUnderstanding the Alternative Minimum Tax (AMT) in Canada
The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that high-income earners and individuals with substantial deductions pay...
by Matthew PollockTax Shelters: Benefits, Risks, and Legal Considerations
Tax shelters are investment vehicles or strategies that allow individuals and businesses to reduce their taxable income, thereby minimizing their tax ...
by Jason RosenT2202 Form (Tuition and Enrolment Certificate) in Canada
The T2202 form, also known as the Tuition and Enrolment Certificate, is a vital document for students in Canada who are eligible to claim tuition fees...
by Matthew PollockTuition Tax Credit: How to Maximize Your Savings
The tuition tax credit is one of the most valuable tax benefits available to students in Canada. This non-refundable credit allows students and their ...
by Matthew PollockCan You Be Held Liable for Your Family Member’s Tax Liability?
The Canada Revenue Agency (the “CRA”) has extensive powers to collect unpaid tax debts, enacted through provisions in both the Income Tax Act and ...
by Matthew Pollock