Tax Trends
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…
Loss Determinations
“A loss determination cannot be used to claim losses not shown on the original tax return.” When…
Can You Be Resident in More Than One Place?
“An individual’s residency often depends on his ties to a country.” Mr. Hauser, an Air Canada pilot,…
How Much Are Non-Monetary Benefits Worth?
“In determining tax liability under s. 160, non-monetary transfers must be considered.” Section 160 of the Income…
Active Business Vs.Investment Business
“Past History and intention is relevant in determining if company carries on an active business.” There is…
163(2) Ignorance Could Have Been Bliss
“If you receive tax advice and disregard it, you are far more exposed for penalties.” The recent Coady case…
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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