The Tax Court of Canada – What is a Notice of Appeal?
When a Taxpayer files their income tax return, the Canada Revenue Agency (the “CRA”) review the returns and issues a Notice of Assessment. The CRA may...
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The Tax Court of Canada – How to Start the Process
What is a Notice of Appeal? A Notice of Appeal is a document that is filed with the Tax Court of Canada (or whatever court the taxpayer is appealing to),...
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Withholding Tax for Non-Residents on Real Estate Sales
Over the years, Canada has been seen as an attractive place for foreign investors to purchase real estate due to its history of lucrative price...
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The Home Buyers’ Plan and the CRA
The Home Buyers’ Plan (“HBP”) is a program that allows qualified first-time home buyers (the definition for which can be found below) to withdraw up to...
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Canada’s Emergency Rent Subsidy
The Canada Emergency Rent Subsidy (“CERS”) was introduced on November 19th, 2020. The CERS subsidizes commercial real estate expenses incurred by businesses...
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What Happens to an RRSP Upon Death?
To put it rather simply, a Registered Retirement Savings Plan (“RRSP”), is a tool created by the Government of Canada designed to help individuals invest...
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What Happens If I Over-Contribute To My TFSA?
The Tax Free Savings Account (“TFSA”) is a way for individuals who are 18 years of age or older, have a valid social insurance number, and are tax residents...
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How Spousal Support Payments Affect Taxes
What is a Spousal Support Payment? In simple terms, a spousal support payment is financial support paid from an individual to a former spouse after...
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