Eligible Dividends – Years Prior To 2006

“Inter-company dividends must be reviewed carefully for years between 2000 and 2006.” The government issued proposed legislation…

Penalty and Refund Changes

“Refunds could be unexpectedly withheld.” The CRA recently sent out a press release highlighting some changes that…

Withholding Tax on Remuneration Paid to Non-Residents of Canada

“Without planning, non-resident employers could be subject to unexpected taxes.” Regulation 102 of the Income Tax Act applies to…

GST on Disbursements

“Taxation of disbursements depends on whether the professional is an “Agent.”.” Are you in a business or…

Sale of Shares Deemed Business Income

“Facts are key to determine tax treatment of share sales, not the classification on the tax return.”…

Government’s Annoucement on Income Trusts & Pension Income

“New rules for income trusts and pension income.” The Federal government made an announcement on October 31, 2006…

Capital Cost Allowance – Separate Classes

“In some cases, assets can, or must, be placed in separate CCA classes.” Generally, assets of the…

Capital Gain Reserves

“Capital Gains are taxable over five or ten years depending on the timing of the proceeds and…

Rental Property – Capital Cost Restrictions

“Capital cost allowance on rental properties can be restricted to net rental income earned.” The Regulations in…

Meals & Entertainment – 100% Deductible

“In some cases, meals and entertainment expenses can be 100% deductible.” The Income Tax Act generally restricts…

Cadesky Tax Books

STEP CANADA/CRA Roundtables

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Trusts and International Tax Treaties

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