by Jeff KirshenNew CRA Limits on Interest and Financing Expenses
Here is information on the new CRA limits. On November 3rd, 2022, the Department of Finance released revised legislative proposals for the excessive i...
by Jeff KirshenHow to Determine Canadian Tax Residency
If you’ve reached this article, you may be wondering how to determine Canadian tax residency. Moving in between countries can be tricky work whe...
by Jeff KirshenGAAR and Control – Recent Caselaw
The Supreme Court of Canada’s (the “SCC”) recent news release stated that it will hear the highly anticipated appeal of Dean’s Knight Income C...
by Jeff KirshenThe New Luxury Tax in Canada
As of September of 2022, luxury cars, boats, and aircrafts may be subject a 10% to 20% new luxury tax in Canada, depending on their price tag and usag...
by Jeff KirshenThe Tax Benefits of Flow-Through Shares
Flow-Through Shares (FTSs) are specific to the mining, oil and gas, renewable energy, and energy conservation sectors. FTSs are primarily used to help...
by Jeff KirshenServer Tips, EI and CPP Contributions
On August 31, 2022, the Federal Court of Appeal (the “FCA”) released its decision in Ristorante A Mono Limited vs the Minister of National Revenue...
by Jeff KirshenBusiness Expenses for Real Estate Agents
Following the Bank of Canada’s decision to continually raise interest rates in 2022, real estate activity has been muted, with fewer homes chang...
by Jeff KirshenCanadian Foreign Affiliates, FAPI, and Upcoming Legislative Changes
On August 9, 2022, Canada’s Ministry of Finance released details of proposed changes to the Income Tax Act (“ITA”), many of which are dr...
by Jeff KirshenIs Tax-Free EU Shopping Actually Tax-Free for Canadians?
To better attract tourism, the European Union (EU) offers VAT-free shopping for non-EU citizens. VAT is what Europeans call our GST/HST and means valu...
by Jeff Kirshen