“relief from one provision of the ITA does not mean that other provisions will not still apply.”…

It is commonly understood that an individual can generally use the $750,000 capital gains exemption where they…

“build flexibility into the deceased’s Will.” People often make their most major donations in their Wills. When…

“relief from the tax on departure may be available.” Upon ceasing to be resident in Canada, an…

“An ABIL claimed by a corporation reduces the corporation’s CDA.” The recent unfavourable economic conditions have resulted…

“the result can be the equivalent of ‘triple tax’.” The dividend refund mechanism is an important component…

“”asset-building” can be particularly effective.” A “spouse trust” can be used in a taxpayer’s Will to defer…

“Such a trust can provide estate planning benefits” Canadian residents who are 65 or older can transfer…

“potential pitfalls can result in unexpected, costly mistakes.” Capital gains crystallization transactions usually involve the artificial but…

“X will lose out on claiming $60 of available losses for the year.” It is common for…