CRA Audit Powers and Judicial Review: A Guide for Taxpayers
In the 2024 Budget, the government proposed to further extend the Canada Revenue Agency’s (CRA) audit powers and their power to require additional...
Read More Understanding Family Trusts in Ontario: Rules and Benefits
Family trusts are becoming increasingly popular in Ontario, and Canada as a whole, as individuals seek effective ways to manage their assets and ensure...
Read More Chad v The King
In Chad v The King, the Tax Court of Canada addressed a tax dispute between the taxpayer, Robert Chad, and the Canada Revenue Agency (“CRA”) regarding...
Read More The Working Canadians Rebate and Key 2025 Tax Updates You Should Know About
As we approach 2025, it’s important to take a moment and consider the upcoming changes to your personal tax preparation. The Canada Revenue Agency (CRA) has...
Read More Estate Freeze: A Tax Strategy for Wealth Preservation
An estate freeze is a sophisticated tax strategy often used by business owners and high-net-worth individuals to minimize the tax burden on their estate and...
Read More Capital Gains Tax in Canada: What You Need to Know
Capital gains tax is a significant consideration for individuals and businesses in Canada, particularly those involved in investments, real estate, or the...
Read More Understanding the Alternative Minimum Tax (AMT) in Canada
The Alternative Minimum Tax (AMT) is a parallel tax system designed to ensure that high-income earners and individuals with substantial deductions pay at...
Read More Tax Shelters: Benefits, Risks, and Legal Considerations
Tax shelters are investment vehicles or strategies that allow individuals and businesses to reduce their taxable income, thereby minimizing their tax...
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