“Bookkeeping errors to the benefit of a shareholder are not always shareholder benefits.” When the CRA audits…

“A loss determination cannot be used to claim losses not shown on the original tax return.” When…

“An individual’s residency often depends on his ties to a country.” Mr. Hauser, an Air Canada pilot,…

“In determining tax liability under s. 160, non-monetary transfers must be considered.” Section 160 of the Income…

“Past History and intention is relevant in determining if company carries on an active business.” There is…

“If you receive tax advice and disregard it, you are far more exposed for penalties.” The recent Coady case…

“What is required to determine when a debt is uncollectible?.” Claiming an allowable business investment loss (“ABIL”)…

“Do you need a physical presence to be eligible for the tuition credit?.” Paragraph 118.5(1)(b) states that…

“Subsection 60(o) allows for the deductibility of legal payments for an objection or appeal for another person.”…

“The 2006 Budget has clarified how eligible dividends will be defined.” The Conservative Party has made good…