News & Events

• Deadline Pending! – Must You File A Trust Return?
• Estate Planning and Estate Freezing
• When Can The CRA No Longer Reassess You?
• Around The Courts

• The Benefits of Establishing a Family Trust
• Last Call for 2023 Tax Planning – RRSP Contributions

• Claiming Your Capital Gains Exemption On the Sale of Shares
• Should You Pay Tax If You Haven’t Filed a Return?
• Assets Outside of Canada? Check If You Need to Report These
• Around the Courts

• Underused Housing Tax — Deadline Extended Again
• Capital Gains or Income?
• Buying a Truck for Your Business Near Year-End?
• GST/HST — Risks of Dealing With a Shady Supplier
• Around the Courts

In December 2022, the Canadian government enacted new legislation into the Income Tax Act which significantly broadens requirements for trusts to file tax returns (which were previously exempt from filing) and for all trusts to disclose additional information about the trust to the Canada Revenue Agency (“CRA”). Trustees should anticipate increased reporting requirements and potentially […]

• Some End-of-Year Tax Considerations
• Underused Housing Tax Penalties Now Applicable
• Extension of Deadlines for Ceba Loan Repayment
• Change to Corporate Paper Filing Limit

• Moving Expenses – Overlooked Tax Expense
• Getting CRA To Waive or Cancel Penalties and Interest
• CRA Terminating 120 Employees for CERB Violations – Agency Employees Do Make Mistakes, Options Exist, If Aggrieved, Do Consult
• Around the Courts

• You Can Be Liable for a Family Member’s Tax Debts
• A Tip If You Have a Corporation and No Employment Income
• Bare Trust and Nominee Agreements
• A Tax Tip When You Make Investments
• Should You File If You Can’t Pay?
• Around The Courts

• Shareholder Remuneration: an Overview
• Mandatory Reporting Rules Now In Effect
• Around the Courts

• The Family Business and the Capital Gains Exemption
• Can You Borrow from Your RRSP Without Paying Tax on the Withdrawal?
• Taxable Benefit Updates, Including New Policies for Virtual Social Events
• Around the Courts