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Capital Gains on In-Home Rental Units
Understand capital gains on in-home rental units: expert insights on taxes, deductions, and regulations. Stay informed with our comprehensive guide. Many...
Read MoreThe Limits on Limits: A Brief Overview of Taxpayers’ Procedural Rights
An essential part of our taxation regime is the right to appeal the Canada Revenue Agency’s (the “CRA’s”) assessments and reassessments through the notice...
Read MoreGambling and Taxable Implications in Canada
This article will examine gambling and taxable implications in Canada. Tax Court Says Holding’em Liable for Taxes In two recent 2023 decisions, the...
Read MorePersonal Income Tax Benefit & Credits for Ontarians
While the tax filing deadline is still months away, Canadians (especially Ontarians) should start sorting through receipts as some personal tax credits and...
Read MoreTragedy of the Commons – Bankruptcy, Insolvency, and Tax Debt
As the world enters 2023, there are certainly worries of impending recessions. In the face of economic crisis, bankruptcies and insolvencies are to be...
Read MoreHow to Spot and Avoid Sophisticated Canada Revenue Agency (CRA) Scams
As technology evolves, so do the techniques used by scammers to trick individuals into giving up their personal and financial information. The Canada...
Read MoreTax Court of Canada Cautions Against Representation by Non-Lawyers
On August 6, 2020, the Tax Court of Canada (“TCC”) disposed of a motion by the National Benefit Authority Corporation (“NBA”), requesting, among other...
Read MoreR v. Virani: Proof of Income under the Canada Recovery Benefit
As the Canada Revenue Agency (CRA) continues to audit taxpayers in relation to COVID-19 benefits received during the pandemic, it is important to understand...
Read MoreUnderstanding Net Worth Audits and Assessments
Understanding net worth audits and assessments. Has your CRA Auditor informed you that your audit will be a “Net Worth Audit”, and you want to better...
Read MoreThe New Toronto Vacant Home Tax
Read on about the new Toronto vacant home tax. Beginning in early 2023, Toronto homeowners with vacant properties will have to pay an additional 1% tax on...
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