A Canadian’s Guide To U.S. Tax Changes
Throughout 2017, the Trudeau government’s proposed changes to Canadian business taxation often dominated headlines. However, their gradual rollout and...
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New Income Sprinkling Rules
On December 13, 2017, the Department of Finance re-released its draft legislation regarding income splitting rules and provided guidance to the revised...
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Do I Need a Tax Lawyer or an Accountant?
In our first discussion of when to hire tax lawyers, we discussed their experience in advocacy and knowledge of the legal avenues open to you to seek...
Read MoreIs PayPal Income Taxable In Canada?
The Canada Revenue Agency has recently received a court order from the Federal Court allowing them to collect a broad range of data from paypal. The service...
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Marijuana and Taxes
The Liberal Government continues to work towards legalizing marijuana throughout Canada by releasing proposed amendments to the Excise Tax Act concerning...
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Income Sprinkling and Reasonableness
In the recently announced changes to the Income Tax Act, “reasonableness” takes centre stage. Taxpayers running businesses who pay money out to their family...
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What are Reasonable Business Expenses?
In a tax context, an expense or a write-off is another word for a deduction. Canadian corporations are taxed on their profits, that is, the income that they...
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What does ‘Reasonableness’ Mean in Canadian Tax Law?
When Canadians think of taxes, they likely think of strict rules that come out of the Income Tax Act. Parts of the Act, however, do not really work that...
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