by Jeff KirshenAre Gambling Winnings Taxable in Canada?
When you’re placing a bet, whether it’s on a hockey game or at the poker table, taxes are probably the last thing on your mind. However, it’s important to...
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by Jeff KirshenShould I Keep a Logbook for my Expenses?
Canadian Taxpayers can reduce their taxable income by claiming business expenses against the revenue they received. For individuals and businesses seeking...
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by Jeff KirshenHow are Gifts of Capital Property Taxed?
It is well established in Canada that gifts and inheritances are tax-free windfalls enjoyed by taxpayers. The Federal Court of Appeal in Bellingham v The...
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by Jeff KirshenCanada’s New Anti-Flipping Tax
The housing market in Canada has skyrocketed over the years. The average Canadian finds themselves renting because of high housing prices. In an attempt to...
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by Jeff KirshenAdvance Income Tax Rulings and Technical Interpretations
Taxpayers may request answers from Canada Revenue Agency (“CRA”) by requesting an advance income tax ruling, or a technical interpretation. A technical...
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by Jeff KirshenHow Does the Canada Revenue Agency Find Unreported Income?
The Canadian tax system operates as a self-reporting system. Each taxpayer is responsible for reporting their total income, deductions and credits claimed...
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by Jeff KirshenAn Update to the Non-Resident Speculation Tax
We previously wrote about the Non-Resident Speculation Tax (NRST), explaining what it is, what it is applied to, and any refunds or rebates that may be...
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by Jeff KirshenCanada’s Luxury Goods Tax
On August 10, 2021, the Government of Canada announced that it would be introducing a new tax on Select Luxury Goods (also known as the Luxury Tax), which...
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