“In some cases, meals and entertainment expenses can be 100% deductible.” The Income Tax Act generally restricts…

“There can be a high cost to purchasing ineligible investments in an RRSP.” People make contributions to…

“You do not need to complete T2091 unless there is a taxable gain.” On a very technical…

“CRA loses landmark case on application of GAAR to an International Tax Treaty.” The case of MIL Investments…

“Can an accountant’s gross negligence transfer to the client?.” In the Finley case (1997 TCC 615), the taxpayer decided…

“Ontario has decided to gradually introduce the reduced dividend tax rate.” On August 3, 2006, Ontario released…

“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…