Marginal Tax Rates for Every Province in Canada
April 13, 2020Marginal Tax Rates for Every Province in Canada As of January 15, 2020, the new budget proposals have released new marginal tax rates for each province in Canada. The marginal
A Case Study on Reducing Your Tax Liability by Claiming Deductions and Credits
April 13, 2020A Case Study on Reducing Your Tax Liability by Claiming Deductions and Credits What is the difference between a tax deduction and tax credit? While both result in paying less
The Most Commonly Used Tax Deductions and Credits to Reduce Your Tax Liability
April 13, 2020The Most Commonly Used Tax Deductions and Credits to Reduce Your Tax Liability There are a variety of tax deductions and credits that are available to Canadian taxpayers to reduce
Tax Free Inter-Corporate Dividends
April 13, 2020Tax Free Inter-Corporate Dividends Dividends are distributions of a company’s assets to one or more classes of shareholders proportional to the shares owned. This commonly involves distributions of profits held
Futures Contracts: SCC Confirms Limited Role for Intent In Characterizing Tax Losses
April 6, 2020SCC Confirms Limited Role for Intent In Characterizing Tax Losses from Futures Contracts The case involves a former employee of the Bank of Nova Scotia, who received a large number
Seeking Tax Debt Forgiveness from the CRA? Consider These Tax Forgiveness Programs
March 26, 2020Seeking Tax Debt Forgiveness from the CRA? Consider These Tax Forgiveness Programs If you are suffering from the weight of tax debt and hoping for debt forgiveness from the CRA,
CRA Tax Disputes & COVID-19
March 25, 2020CRA Tax Disputes & COVID-19 As the ongoing Coronavirus outbreak makes far-reaching changes across Canadian society, the Canadian tax system is feeling the effects. In particularly, it has immediately suspended
Canada’s COVID-19 Economic Response Plan
March 24, 2020Canada’s COVID-19 Economic Response Plan On March 18, 2020, the Prime Minister announced an economic stimulus plan of $82B help stabilize the economy, as part of the Government of Canada’s
Transferring tax debt between parties
February 10, 2020Transferring tax debt between parties On January 10th, the Tax Court handed down a decision in the appeal Scott v The Queen. This has some interesting comments on issues that
Tax Planning with the TFSA
January 12, 2020Tax Planning with the TFSA In this part 3 of our TFSA series, we will look at legitimate tax planning strategies that allow you to make the most of your
