Tax Tips
U.S. Citizens in Canada
“U.S. status could eliminate many Canadian tax benefits.” Canada taxes individuals on their worldwide income only if…
Canada Revenue Agency and Income Splitting Trusts
“The CRA has decided to actively audit domestic inter vivos trusts.” It seems that the Canada Revenue…
Using an RRSP as Security
“Using an RRSP as security for a loan may be a better alternative than cashing in the…
Deductions for Tradespersons’ & Apprentice Mechanics’ Tools
“Two deductions may be available to individuals.” Two deductions may be available to individuals employed as tradespersons…
Tax Savings For U.S. Residents Selling Canadian Capital Property
“Part of the gain may be exempt from Canadian tax.” When a U.S. resident sells Canadian capital…
Electing Out of a Spousal Rollover on Death
“The decision whether to elect out of the spousal rollover can be made on a share-by-share basis.”…
Funding The Testamentary Trust
“When assets are jointly titled, they do not pass through the testator’s estate.” See also TAX TIP…
Testamentary Planning
“You should consider creating a testamentary trust as part of your overall estate plan.” You should consider…
Claiming Capital Losses
“It may be advisable for the lender to charge a reasonable rate of interest.” When someone suffers…
Election to Dispose of Property
“There is no prescribed form for the 50(1) election.” The tax treatment of a particular item or…
Cadesky Tax Books
STEP CANADA/CRA Roundtables
Trusts and International Tax Treaties
Cadesky Tax Firm Brochure
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