“audits of HNW individuals still remain a high priority.” At the  Canadian Tax Foundation’s  Annual Conference  in…

“it is a good idea to review upcoming SR&ED expenditures and accelerate the spending.” On August 14,…

“partnerships are still a useful vehicle.” A partnership is a useful form of business organization that has…

“The CRA will neither issue a refund nor assess the return.” On October 30, 2012, the Canada…

“It is important to remember the interaction of ABILs and the CGE.” Under the Income Tax Act, a “business…

“Rollovers of Retirement Plan funds are not only available to spouses or common-law partners.” RRSP’s and RRIF’s…

“Generally, bursaries are included in income and a deduction for the same amount is allowed.” The tax…

“this is not the last word on the matter.” Section 163.2 of the Income Tax Act imposes a penalty…

“in many cases a portion of existing debt can be converted to equity.” With interest being tax…

“the SCC corrected its previous interpretation of the combination test.” In the recent case of Canada v. Craig,…