Tax Trends
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…
RRSP Ineligible Investments
“There can be a high cost to purchasing ineligible investments in an RRSP.” People make contributions to…
Principal Residence – What Needs to be Filed
“You do not need to complete T2091 unless there is a taxable gain.” On a very technical…
GAAR & International Tax Treaties
“CRA loses landmark case on application of GAAR to an International Tax Treaty.” The case of MIL Investments…
163(2) Gross Negligence Penalty
“Can an accountant’s gross negligence transfer to the client?.” In the Finley case (1997 TCC 615), the taxpayer decided…
Ontario Response to Federal Dividend Tax Changes
“Ontario has decided to gradually introduce the reduced dividend tax rate.” On August 3, 2006, Ontario released…
Shareholder Benefits – Bookkeeping Errors
“Bookkeeping errors to the benefit of a shareholder are not always shareholder benefits.” When the CRA audits…
Cadesky Tax Books
STEP CANADA/CRA Roundtables
Trusts and International Tax Treaties
Taxation of Real Estate in Canada
Towards Greater Fairness in Taxation: A Model Taxpayer Charter
Taxation of Trusts and Estates: A Practitioner’s Guide 2024
Taxation at Death: A Practitioner’s Guide, 2021
Cadesky Tax Firm Brochure
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