“The ITN is a nine-digit number issued by the CRA to non-resident individuals.” While many practitioners are…

“The eligibility for the higher CCA rate is not automatic.” For buildings or additions constructed after March…

“The CRA will authorize a reduction in tax withheld if deductions are properly supported..” While some individuals…

“The credit for foreign taxes will likely be based on the treaty rate of 7% rather than…

“Make sure the correct amount of interest is paid by January 30 each year.” When a parent…

“Where expenses are significant, the savings outweigh the costs.” Most individuals take advantage of the non-refundable tax…

“If you own more than one property, keeping track of expenses may help in determining which property…

“It may be prudent to consider paying a capital dividend prior to realizing these losses..” Many companies…

“Equity may include inherent goodwill that is not reflected on the balance sheet.” It is prudent for…

“This election will not be available on property held in joint tenancy.” In order to eliminate double…