by Jason RosenIncome Sprinkling and Reasonableness
In the recently announced changes to the Income Tax Act, “reasonableness” takes centre stage. Taxpayers running businesses who pay money out to t...
by James PendergastWhat are Reasonable Business Expenses?
In a tax context, an expense or a write-off is another word for a deduction. Canadian corporations are taxed on their profits, that is, the income th...
by James PendergastWhat does ‘Reasonableness’ Mean in Canadian Tax Law?
When Canadians think of taxes, they likely think of strict rules that come out of the Income Tax Act. Parts of the Act, however, do not really work ...
by Jason RosenWhen You Need A Tax Lawyer vs. When You Need An Accountant
There are clear distinctions to be made between tax lawyers and accountants. Understanding these differences will make it easier to decide what you ...
by Jason RosenCan I File An Income Tax Objection?
If you feel as though the CRA has not interpreted the law correctly in their tax audit, it is within your rights to challenge it through the Income Ta...
by Jason RosenWhat To Do If Your Disagree With The CRA On Your Tax Return
There are a number of steps you can take if you suspect the CRA has made a mistake in their audit regarding the legitimacy of your tax return. It mi...
by Jason RosenI’m Being Audited By The CRA, What Should I Do?
Depending on your employment position, it should not be a surprise to find yourself the target of a CRA audit. If you are self-employed, the owner o...
by Jason RosenWhat Happens If You Forget To Report Income On Your Tax Returns
Forgetting to report income is a common issue pertaining to tax returns and audits. If you are reporting numerous employment incomes, have a plethor...
by Jason RosenRRSP or TFSA – Which is Right for Me?
If you want to begin saving for retirement, but are not maxing out the tax-sheltered savings accounts offered by the Canada Revenue Agency, you will f...
by Jason Rosen