Notably, any amount of a settlement payment for damages with respect to personal injury or death is exempt from tax.

The COVID-19 pandemic has resulted in Canada and many other countries introducing international travel restrictions as well as making many individuals reconsider their normal travel plans.

Amalgamation is one way in which two or more corporations join together to continue operation as a single corporation.

O'Brien v. The King, 2023, is a recent Tax Court of Canada ("Tax Court") case where the Canada Revenue Agency had redetermined the Canada Child Benefits ("Child Benefits") of Delia O'Brien.

When a taxpayer receives a tax assessment or reassessment he or she disagrees with, that taxpayer can file a "Notice of Objection" with the Canada Revenue Agency.

Under subsection 15(1) of the Canadian Income Tax Act, a distribution of property by a corporation to a shareholder or a contemplated shareholder is a taxable benefit that must be included in the shareholder's income ...

When a Canadian tax resident taxpayer passes away, he or she is deemed by the Income Tax Act to have sold all of his or her capital property for its fair market value immediately prior to his or her death.

When a taxpayer is not content with a tax assessment or reassessment raised by the CRA, he or she may file a Notice of Appeal in the Tax Court of Canada to initiate an appeal pursuant to subsection 169(1) of the Income Tax Act.

Subsection 315(2) of the Excise Tax Act grants the CRA extensive authority to immediately collect tax debts from taxpayers, including penalties and interest.

The topic of tax planning for Canadian income tax reorganizations is broad and is often the subject of one or more papers on its own right.

On December 3, 2020, the CRA confirmed that its auditors are watching Canada's social media influencers and video-game streamers to determine whether their paid endorsements and income from social media ...

Canada has a progressive income tax system, which means that a taxpayer's tax rate will increase as they earn more income.

When there is a change in use of your principal residence, a deemed disposition occurs under subsection 45(1) of the Income Tax Act.

This Part 4 of our Canadian tax lawyer year end tax planning article focuses on investing.

The Accused, Michael Scholz, was charged with three counts of violating the Excise Tax Act, under Sections 327(1)(a), 327(1)(c), and 327(1)(d).

Tax planning for reorganizations and other corporate transactions frequently involve amalgamations.

The taxation of small business is perennially a hot topic, in the news, on social media and among Canadians in general, especially around election time.

In response to the ongoing Covid-19 Pandemic, Parliament has made a number of changes to how the government handles its day-to-day operations.

House flipping, or property flipping, generally involves the purchase, renovation, and disposition of a residential property within a relatively short period of time.

The Internal Revenue Service (IRS) issues millions of math error notices each year. Historically, these notices provided limited information, creating confusion and increasing the risk of default assessments.