Real Estate Assignment Sales – New Tax Rules
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect of newly...
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Capital Gains – Canadians Selling U.S. Real Estate
The housing market in the U.S. has skyrocketed over the past few years due to shortages in the supply of homes, increasing demand, and rising interest...
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Is the CRA Allowed to Criticize Business Practices?
The Canada Revenue Agency (“CRA”) was recently faulted for encroaching and inappropriately second-guessing the Appellants’ business practices in Jackman v...
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What is a Taxable Benefit – Part 3
If you are an employer, you have probably considered providing your employees with benefits. If so, it is important to understand that you may have...
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The Tax Benefits of Education Expenses
Education isn’t cheap, and many people find the cost of tuition a significant barrier to furthering their professional development. For those that choose to...
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Tax Evasion vs. Tax Avoidance
Sometimes taxpayer's tax plans are right on the edge of tax evasion or tax avoidance. While the two appear similar in meaning, their characteristics,...
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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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