“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…

“”accessing the exemption through a trust is not always possible”.” The ability to shelter from tax all…

“Section 84.1 assessments are a major cause of litigation.” Section 84.1 of the Income Tax Act is…

“We have found that the CRA is using schedule 91 as a screening tool.” All foreign corporations…