“such trusts provide for incapacity planning” While an earlier Tax Tip (2010-16) pointed out some of the…

“Often the negative consequences can be avoided by delaying the distributions until after the partnership year-end.” Under the…

“To qualify, the plan must be made available to all employees of the group plan.” Family business…

“The prescribed rate does not fluctuate over the deferral term.” Immediately before death, a taxpayer is deemed…

“amounts paid to grandparents could qualify.” The Income Tax Act allows an individual to claim a deduction for child…

“technical amendments will eliminate any current deferral opportunities with PSB’s.” On October 31, 2011, the Department of…

“Waiver requests are not usually granted retroactively.” Regulation 102 requires employers to withhold and remit source deductions…

“”non-capital losses often include losses from property”.” The Income Tax Act contains rules that restrict the use of corporate…

“Most tax preparation software does not update instalment schedules..” For corporate tax instalment purposes, an amalgamated entity…

“they would appear to apply to crystallization transactions.” The Income Tax Act contains rules to prevent income-splitting…