New CRA Limits on Interest and Financing Expenses
Here is information on the new CRA limits. On November 3rd, 2022, the Department of Finance released revised legislative proposals for the excessive...
Read More
How to Determine Canadian Tax Residency
If you've reached this article, you may be wondering how to determine Canadian tax residency. Moving in between countries can be tricky work when it comes...
Read More GAAR and Control – Recent Caselaw
The Supreme Court of Canada’s (the “SCC”) recent news release stated that it will hear the highly anticipated appeal of Dean’s Knight Income Corporation v....
Read More
The New Luxury Tax in Canada
As of September of 2022, luxury cars, boats, and aircrafts may be subject a 10% to 20% new luxury tax in Canada, depending on their price tag and usage....
Read More
Application Hearing Success – Rosen & Associates Tax Law
On September 28, 2022, the Honourable Justice Randall S. Bocock released a precedence-setting decision in support of taxpayers’ rights. Rosen & Associates Tax Law Tax...
Read More
The Tax Benefits of Flow-Through Shares
Flow-Through Shares (FTSs) are specific to the mining, oil and gas, renewable energy, and energy conservation sectors. FTSs are primarily used to help...
Read More
Onlyfans Audits
Recently, the CRA has started to pursue onlyfans audits. These days it is becoming more and more common for the average person to engage in self-employment,...
Read More
Server Tips, EI and CPP Contributions
On August 31, 2022, the Federal Court of Appeal (the “FCA”) released its decision in Ristorante A Mono Limited vs the Minister of National Revenue...
Read More