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Top 10 Tax FAQs Posed by New Physicians and Medical Residents

Looking back on every year there are numerous Canadian income tax developments and changes

Uber wants its users, its drivers and particularly the Canada Revenue Agency (the "CRA") to agree that it does not provide "rides" to its "customers".

If you or your business were unable to meet some of your tax obligations due to the recent flooding, relief from the Canada Revenue Agency may be available.

The recent announcement by Ministers Shea and Kenney yesterday in a press release is much welcomed by Albertans as the Province has been hit by the worst flooding in its recent history.

In our previous blog post,[1] we discussed the Canada Revenue Agency's (the "CRA") expanded trust filing and reporting requirements...

The August 9, 2022 draft amendments to the Income Tax Act (Canada) include provisions to give effect to the residential property flipping rule first introduced in Budget 2022.

On December 13, 2017, the Government released its updated proposed rules on Income Sprinkling (also known as Income Splitting).

On March 30, President Obama signed the Health Care and Education Reconciliation Act of 2010 (the "Act"), enacting certain changes to the recently completed health care overhaul.

In July 2017, the Minister of Finance released draft legislation with the stated intention of curtailing certain tax planning strategies that were common practice for many Canadian business owners, including incorporated health professionals.

Many trucking companies have entered into arrangements with subcontracted carriers or owner-operators/contractors for charges such as fuel, insurance, or licensing fees.

Non-residents of Canada who dispose of certain "taxable Canadian property" ("TCP") may be subject to tax under the Income Tax Act (the "ITA"). Where a purchaser knows (or ought to have known) that a ...

For some of us, the rush to get the annual tax return filed on time can sometimes result in sloppy mistakes.

As of December 4, 2025, the Canada Revenue Agency (CRA) has lifted the moratorium on penalties for businesses in the trucking industry that fail to report fees for services on T4A slips for the 2025 tax year and subsequent tax years.

Widespread use of the depository system in Canada and the U.S. imposes practical limits on income trusts’ ability to monitor and control non-resident ownership of their units. Many income trusts are subject to restrictions on the ownership of their units by non-residents of Canada .

When our medical professional clients meet with us for their annual financial checkup, our primary objective is to ensure that they leave informed and with a sense of relief and comfort.

The Income Tax Act (Canada) provides that directors of a corporation, including a not-for-profit corporation, are liable for income tax.