Justice Jorré applied the appropriate rules of statutory interpretation and determined that the French meaning must prevail.

An In-Trust-For (ITF) account, also commonly referred to as an In-Trust Account, is an unregistered investment account commonly set up for minors in Canada.

How the Supreme Court of Canada’s unified textual, contextual and purposive approach in Canada Trustco continues to govern every general anti-avoidance rule assessment issued by the CRA.

The most common way for a taxpayer to dispose of a property is to voluntarily transfer the property to someone else via a sale or gift.

The Scientific Research and Experimental Development (SR & ED) Tax Credit can be a powerful tax planning tool for Canadian business owners.

While businesses and the self-employed can deduct a wide range of expenses, salaried employees are significantly more limited in their ability to deduct expenses.

Most Canadian small businesses operate as CCPCs (Canadian controlled private corporations) which are entitled to many tax advantages such as a lower tax rate for active business income up to $500,000 annually.

Canada has some of the highest alcohol taxes in the world. Canadians pay approximately $20 billion per year in alcohol taxes and duties.

Sections 80 to 80.04 of the Income Tax Act contain the rules governing the tax consequences of debt forgiveness.

When a Canadian taxpayer tried to change his 2004 tax return, CRA declined and pushed for penalties plus interest while ignoring his change request for 10 years. Judicial review sided with the taxpayer.

Although the first cryptocurrency, Bitcoin, was invented 17 years ago in 2008, the regulations of cryptocurrencies and crypto platforms (also known as crypto exchanges) in Canada are still in their early stages.

There has been a whirlwind of activity with respect to tax legislation during the Honourable Bill Morneau's stint as Canada's Minister of Finance.

Another self styled educator with the Paradigm Education Group tax protester movement has been sentenced to a jail term for tax evasion and counselling others to evade as a result of a successful tax prosecution.

A tax treaty is a bilateral agreement made by two countries to resolve certain tax issues such as double taxation, pension treatment or residence status determination for tax purposes.

The Ontario Foreign Homebuyer Tax is a one-time 20% province-wide tax on non-resident homebuyers. Officially named the NRST, it took effect on 30 March 2022 as a purported governmental response to the lack of housing supply ...

A taxpayer who proceeds to Tax Court to resolve an ongoing tax dispute will want to consider settling the dispute prior to hearing.

The case involved 551928 Manitoba Ltd. ("the Corporation"), which hired accountants to estimate its full capital dividend account balance.

Will And Estate Planning

As of May 7, 2022, changes introduced by the Federal Budget 2022 have amended Part IX of the Excise Tax Act (ETA), significantly impacting assignment sales related to newly constructed or substantially renovated single-unit residential homes and condominium units.

GST/HST generally applies on the sale of goods or provision of services in Canada and is required to be collected by the vendor and remitted to the CRA.