“potential pitfalls can result in unexpected, costly mistakes.” Capital gains crystallization transactions usually involve the artificial but…

“X will lose out on claiming $60 of available losses for the year.” It is common for…

“sometimes traditional planning techniques become outdated.” As we alluded to in Tax Tip 10-11, sometimes traditional planning techniques…

“The penalty could apply on a per-item basis.” Over the last few years, the U.S. has significantly…

“”the combined tax bill can be significantly lower than the tax on the salary would be”.” It…

“If Mr. X had retained and sold the investment, there would be no tax liability.” Potential unintended…

“Loans to non-residents can cause income inclusions.” Subsection 17(1) of the Income Tax Act (“Act”) is a…

“This withholding tax requirement is often overlooked.” In a recent technical interpretation (2009-0345151E5), the Canada Revenue Agency…

“Early identification and good documentation are critical.” The Scientific Research and Experimental Development (SR&ED) tax credit program…

“U.S. status could eliminate many Canadian tax benefits.” Canada taxes individuals on their worldwide income only if…