Non-Resident Withholding Tax on Canadian Rental Income
The Canadian tax system primarily operates to tax Canadian “residents.” The term “resident” has its own legal meaning in the Income Tax Act (the “Act”)...
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Canada vs. Collins Family Trust – An Overview
The Supreme Court of Canada released its decision in Canada (Attorney General) v Collins Family Trust (Collins) on June 17, 2022. The Court held that...
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Should I Pay Myself Salary or Dividends?
As an incorporated business owner in Canada, you’ve likely had to consider how you will be paying yourself. The type of remuneration you choose will have...
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Indigenous Tax Exemptions
There is a long-standing myth that Indigenous people do not pay taxes while that is not exactly the case. Indigenous people are subject to the same tax...
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The Principal Residence Exemption and Changes of Use
Canada’s real estate industry is constantly fluctuating and transforming in a variety of ways. Among these transformations, are the duties of the Canada...
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Is My GST/HST Reassessment Statute Barred?
If the Canada Revenue Agency (CRA) audits a taxpayer's GST/HST returns, and determines that the previous assessment was incorrect, they are able to change...
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Are Cryptocurrency Losses Tax Deductible?
With a market cap now valued in the trillions, the tax implications of cryptocurrency gains have been a common concern in recent years due to its...
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Are Gambling Winnings Taxable in Canada?
When you’re placing a bet, whether it’s on a hockey game or at the poker table, taxes are probably the last thing on your mind. However, it’s important to...
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