Estate Planning for the Family Cottage
One of the quandaries many people face when making an estate plan is what to do with the family cottage or vacation property. The family cottage is often a beloved family asset – a place where several...
View ArticleCanada Revenue Agency Announces Increase To Interest Rates
On September 23, 2013, the Canada Revenue Agency announced the prescribed interest rates for the fourth quarter. These interest rates are set by the Canada Revenue Agency every quarter for a variety of...
View ArticleCanada Revenue Agency Launches Offshore Tax Informant Program
As part of the Minister of Finance’s effort to crack down on offshore tax evasion and aggressive tax avoidance, on January 15, 2014 the Canada Revenue Agency launched the Offshore Tax Informant...
View ArticleShould I Take Salary Or Dividends?
If you are self-employed or a professional or you own a business, you are probably already doing tax planning each year to minimize the tax you pay.Let’s see what is the best thing to do in British...
View ArticleForeign Income and Assets: Tax Implications under the Canadian Income Tax Act
Under the Income Tax Act (the "ITA") of Canada, Canadian residents are subject to income tax on all worldwide income. On the other hand, non-residents are only subject to tax on income tied to Canadian...
View ArticleDetermining Residency for Canadian Taxation Purposes
For the purposes of determining tax liability, taxpayers are categorized into two groups: residents (of Canada) and non-residents (of Canada). Generally, taxpayers who are Canadian residents are...
View ArticleMatthew Canzer
Matt is an associate lawyer with Pushor Mitchell who practices in the areas of criminal law, civil litigation and tax litigation. He joins Pushor Mitchell after practicing for five years with the...
View ArticleMistreatment of Taxpayers by the Canada Revenue Agency (CRA)
The door has opened a bit more for taxpayers to hold Canada Revenue Agency (“CRA”) and its agents accountable for the mistreatment of taxpayers.In Leroux v CRA, 2014 BCSC 720, a recent case of the...
View ArticleFederally Incorporated Not-For-Profit Organizations Must Take Action by...
A not-for-profit organization in Canada that wishes to incorporate can choose to incorporate provincially/territorially (under the legislation of a specific province or territory), or federally (under...
View ArticleSale Of Property: Is It Taxed As Income Or Capital?
Where a business carries on several different types of work, it is important to ensure that those activities are segregated and that detailed records are kept in the event of a dispute with the Canada...
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