Tax Trends
Election for Accelerated CCA on Buildings
“The eligibility for the higher CCA rate is not automatic.” For buildings or additions constructed after March…
Income Splitting
“Make sure the correct amount of interest is paid by January 30 each year.” When a parent…
Principal Residence Exemption
“If you own more than one property, keeping track of expenses may help in determining which property…
Non-Residents Can Use Subsection 164(6)
“This election will not be available on property held in joint tenancy.” In order to eliminate double…
To TFSA or Not To TFSA: That Is The Question
“The rule of thumb is to invest in an RRSP and use the resultant tax savings to…
Timing of Acquisition of Control
“The failure to elect out of subsection 256(9) can result in unintended results.” Subsection 256(9) of the…
Pension Income Can Be Split in Year of Death
“Eligible pension income relating to the portion of the year in which both spouses were alive can…
Restrictive Covenants
“Don’t Ignore the Proposed Restrictive Covenant Legislation.” The restrictive covenant draft legislation (in proposed section 56.4) has…
Personal Service Businesses
“Be sure before concluding that the PSB rules do not apply.” With corporate tax rates declining and…
Transfer of Life Insurance to a Child
“Transfer to the guardian for an incapacitated child will not be taxable.” The Income Tax Act allows…
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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