by James PendergastMarijuana Dispensaries and Taxes
With the recent explosion of marijuana dispensaries in Vancouver and Toronto, the Canadian government is having a hard time coming up with new laws ...
by James PendergastReal Estate Audit
The Principal Residence Exemption is Canada’s most lucrative tax break. When a taxpayer sells his or her personal residence, providing the con...
by James PendergastBank Deposit Analysis
When the Canada Revenue Agency (“CRA”) audits a taxpayer, there are many different auditing methods or techniques that may be used. One of...
by James PendergastBusiness Income vs. Capital Gains
Taxpayers will always try and pay the lowest amount of taxes possible. That is why the difference between business income, and capital gains is so im...
by Jason RosenCheque Cashing Centres
The Canada Revenue Agency (“CRA”) is currently conducting a massive audit program looking into taxpayers who have used cheque cashing serv...
by Jason RosenArbitrary Assessments
When the Canada Revenue Agency (“CRA”) processes a tax return, they produce a document detailing the results known as a Notice of Assessm...
by Jason RosenTax Scams
There are a number of scammers contacting taxpayers around Canada and scaring them into believing they owe the Canada Revenue Agency (“CRA̶...
by Jason RosenTax Shelters & Gifting Arrangements
A tax shelter is defined in subsection 237.1 of the Income Tax Act as an arrangement that provides a taxpayer tax benefits or deductions whi...
by Jason RosenSpousal Rollover
Under subsection 70(5)(a) of the Income Tax Act, when a taxpayer passes away, they are deemed to sell, and re-purchase all non-depreciable, and depre...
by Jason Rosen