Lessons from P.Q. Properties Ltd. v The King, 2024 TCC 126
The Risks of Relying Solely on Your Accountant The Canadian tax system is famous for its complexity and byzantine nature. In the face of increasingly...
Read More
TFSA Strategies: Long-Term Wealth Building
A Tax-Free Savings Account (TFSA) is one of the most versatile and powerful tools available to Canadian investors. Introduced in 2009, the TFSA allows...
Read More
Taxes for Freelancers: A Guide for Independent Workers
Freelancing offers flexibility, independence, and the potential for lucrative income, but it also comes with the responsibility of managing your own taxes....
Read More
Tax Treaties: How They Impact Canadian Taxpayers
Tax treaties play a crucial role in the global economy, helping to prevent double taxation and fostering economic cooperation between countries. For...
Read More
Form T2125 (Statement of Business or Professional Activities)
If you’re self-employed or earn income from a business or professional activity in Canada, you’ll need to complete Form T2125, also known as the Statement...
Read More
Failing to Report Income: What You Need to Know
Failing to report income is one of the most common tax mistakes made by Canadians, and it can lead to serious consequences with the Canada Revenue Agency...
Read More
Understanding Family Trusts in Ontario: Rules and Benefits
Family trusts are becoming increasingly popular in Ontario, Canada, as individuals seek effective ways to manage their assets and ensure financial security...
Read More
Recent Enhancements to the GAAR
The General Anti-Avoidance Rule (GAAR) has been a cornerstone of Canadian tax law since its inception. This provision empowers the Canada Revenue Agency...
Read More