How to Complete a Tobacco Information Return as a “Prescribed Person”
What is a Tobacco Information Return? Form B285, otherwise known as a Tobacco Information Return, is a return that must be filed monthly by an individual...
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A Fairer Future for Canada’s Younger Generation: The 2024 Federal Budget
Canada has long been recognized as a land of opportunity, where generations have thrived thanks to progressive taxation, a strong social safety net, and...
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The New Canadian Entrepreneurs’ Incentive: 2024 Federal Budget
One of the goals of the 2024 Federal Budget was to invest in ways and introduce measures that would simplify the start-up process for new businesses and...
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The Federal Court of Appeal Overturns GAAR Assessment in 3295940 Canada Inc. v. The King, 2024 FCA 42
In the notable decision of 3295940 Canada Inc v The King, the Federal Court of Appeal (“FCA”) recently overturned a General Anti-Avoidance Rule (“GAAR”)...
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Distinction Between Current and Capital Expenditures
A repeated question in the realm of taxation revolves around the nature of expenditures; whereby misunderstandings arise as to whether an expense incurred...
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What is the New Housing Rebate?
The New Housing Rebate, outlined in subsection 254(2) of the Excise Tax Act, provides a financial break on the GST or the federal portion of the HST paid...
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Tax Exempt Therapies – Practitioners Guide
Canadians have come far with destigmatizing and normalizing therapy, however a barrier many still face in accessing therapy is the excessive costs. In...
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Navigating the Saskatchewan-CRA Debate
In recent months, Saskatchewan has found itself at the center of a heated debate with the Canada Revenue Agency (CRA), sparking concerns and discussions...
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