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Each year, Registered Retirement Income Fund (RRIF) holders must withdraw a required minimum amount, which is then taxed as income in the year of withdrawal.

The results of the BC HST referendum indicate that 54.73% of voters chose to extinguish the HST.

Charities rely on various fundraising activities to generate revenue. Such fundraising activities may include providing property or services to induce donations.

In each of its previous three budgets, the federal Liberal Government has acted to close certain tax loopholes.

On February 18, 2020, the government of B.C. introduced its 2020 provincial budget.

The concept of paid-up capital is important for Canadian tax purposes in that, unlike certain of its treaty partners, Canada permits corporations to return capital to shareholders (even if they have accumulated earnings and profits for tax purposes), without payment of Canadian non-resident withholding tax.

The 5th Protocol to the Convention Between Canada and the United States of America with Respect to Taxes on Income and Capital (Canada-U.S. Treaty and 5th Protocol), which came into effect on December 15, 2008, introduced several significant and highly anticipated changes to the Canada-U.S. Treaty.

Section 56.4 of the Canadian Income Tax Act (the section that deals with restrictive convents) is now law given the enactment of Bill C-60 on June 26, 2013.

With the increase in prescribed interest rates set for July 2022, one of the last remaining opportunities to income split amongst family members is about to increase in cost.

In this month's Blue J Predicts column, we examine the parties' economic substance arguments in the ongoing litigation in Chemoil.

The Department of Finance confirmed that the prescribed interest rate will be 8% in the first quarter of 2023. The rate increase will impact those who owe money to the Canada Revenue Agency (CRA)...

Earlier this year, Finance Minister Chrystia Freeland tabled Budget 2021. This budget is Minister Freeland's first as Finance Minister, as well as Canada's first since the COVID-19 pandemic began...

Amendments to the Income Tax Act (Canada) (the "Act") affecting the Trusts and, in particular, surviving spouses or life interest beneficiaries of the Trusts, were enacted on December 16, 2014...

The Tax Court of Canada had an opportunity to consider section 87 of the Indian Act and when employment income is "situated on a reserve" for tax purposes.

Businesses owners—large and small—have at least one goal in common: to minimize taxes. To do so effectively, however, you need to implement a sound tax strategy—which can be a challenging task...

In our firm's latest podcast, Kenneth Keung and Kim G C Moody discuss the frustrations that Canadian individual taxpayers experience when claiming foreign tax credits.

An 'estate freeze' is a common tax planning strategy.