Financial Security Requirement for Beer Manufacturers
On May 6, 2024, the CRA released a circular that explains the requirement, as per the Excise Tax Act, that manufacturers of beer or malt liquor, wort, yeast...
Read More Income Tax Implications of Departing Canada
For tax purposes, the distinction between a resident and a non-resident of Canada is essential in determining how much a taxpayer owes. Canadian residents...
Read More
The Differential Tax Treatment of Employees vs Independent Contractors
Navigating the world of taxes can be a complex endeavour, especially when it comes to determining whether you are classified as an employee or an...
Read More Electric Vehicle Supply Chain Tax Credit
On April 16th, 2024, the Federal Government released the 2024 Federal Budget. The Budget introduced various incentives aimed at advancing the Canadian...
Read More 3792391 Canada Inc. v The King
Failure to Withhold and Remit Taxes for Non – Resident Landlords: 3792391 Canada Inc. v The King In the case of 792391 Canada Inc. v The King (2023 TCC...
Read More Protecting Yourself from CRA Scams in Canada
The individual tax filing deadline for 2023 personal taxes has passed, as the deadline to file was April 30th. However, the next step that occurs in the tax...
Read More
The Taxation of Stock Options and Other Equity-Based Compensation
Stock options and other equity-based compensation are commonly used by companies to attract, retain, and incentivize employees. However, commensurate with...
Read More Canadian Tax Compliance for High Net Worth Individuals (HNWIs)
A high-net-worth individual (HWNI) is someone who possesses liquid assets totaling to at least $1 million after accounting for their liabilities. This...
Read More