Tax

by James Pendergast

Tuition Tax Credits

The Tuition Tax Credit The tuition tax credit (“TTC”) is a non-refundable tax credit that helps Canadian students who are currently attending, o...

by Jason Rosen

CRA Penalties and Interest

The Canada Revenue Agency (“CRA”) can charge interest and penalties for a variety of reasons. Perhaps more worrisome is the alarming rate that pen...

by Jason Rosen

Tax Audits and the Reasonable Minimum Standard

Anyone who has been audited will tell you about the amount of time they spent compiling receipts, bank statements, and other documentation to refute a...

by Jason Rosen

Principal Residence Audit

A Principal Residence audit occurs when the Canada Revenue Agency audits a taxpayer for the sale of one, or multiple properties where no taxes are pai...

by Jason Rosen

The British Columbia Speculation Tax

It’s no secret that Vancouver is one of Canada’s hottest real estate markets, and that other large urban centres in British Columbia have enjoyed ...

by Jason Rosen

Unreported Income and the CRA

Unreported Income and the CRA Canada’s tax system is built on the premise that those filing their taxes are being honest with the Canada Revenue...

by Jason Rosen

The Disability Tax Credit

The Disability Tax Credit The disability tax credit (DTC) is a non-refundable tax credit that helps Canadians with disabilities pay for their out of p...

by James Pendergast

GST/HST New Home Housing Rebate

GST/HST New Home Housing Rebate When you buy a new property in Canada, you must pay GST or HST on the purchase. However, purchasers can receive a reba...

by Jason Rosen

Exporting Vehicles – GST/HST and Input Tax Credits

Exporting Vehicles – GST/HST and Input Tax Credits The sale and export of vehicles from Canada should theoretically yield GST/HST refunds. These...

by Jason Rosen

The CRA and Director’s Liability

What is Director’s Liability? In Canada, corporations are considered to be separate legal entities with their own assets and liabilities. It is a ba...