by Jason RosenUnderstanding how FINTRAC may impact your Business
The Financial Transactions and Reports Analysis Centre of Canada, otherwise known as FINTRAC, is Canada’s financial intelligence unit. Its main ...
by Daniel IbrahimParticipating Debt Interest
Participating debt interest and regular interest are treated differently by the Income Tax Act here in Canada. Whether interest is considered to be pa...
by Marrie ShirzadaNon-Residents of Canada owning Canadian Rental Property
The idea of owning property and generating a rental income is very appealing to most people. This is especially true in major cities across Canada lik...
by Tyra YahOffshore Corporations and the Voluntary Disclosures Program
With increasing globalization, it is common for many Canadian residents to be involved with business corporations and companies, both small and large,...
by Jason RosenWhat if I use an RRSP as Security for a Loan?
A Registered Retirement Savings Plan is used to defer taxes on income earned to a later date. The idea behind an RRSP is that while you’re worki...
by Ryan RobertsonCRA Collections and COVID-19
Given the unprecedented financial turmoil facing Canadians as a result of the COVID-19 Pandemic, on March 20th 2020, the government of Canada announce...
by Mariya ZekelWhat is Considered Tax Evasion?
Tax evasion is where a taxpayer chooses to avoid paying their real tax liability, and either underpays or pays no taxes at all. Tax avoidance and tax ...
by Jasmeen SinghWhen Should a Tax Lawyer be Used?
For most, filing taxes and dealing with the Canada Revenue Agency (CRA) can be scary and confusing. Even for those who file their taxes on time and ha...
by Mariya ZekelNavigating The Tax Court of Canada
The Tax Court of Canada is typically the third state in the dispute resolution process. First, an audit is initiated by the Canada Revenue Agency to t...
by Jasmeen Singh