Resources & Articles

Domestic Tax


UNCLAIMED BANK DEPOSITS OR PROPERTY: Could Christmas Come Early?November 28th, 2019

Unclaimed property refers to accounts at banks, financial institutions, and other organizations where there has been no activity generated or contact with the owner for...
Read More >

I Own a Small Business. Should I Incorporate?November 18th, 2019

I have a small business.  Should I incorporate it?  I often get this question.  The answer depends on a number of factors.  LET’S FIRST LOOK...
Read More >

Does The TOSI Reasonable Return Exclusion Apply to Family Trusts?November 13th, 2019

The CRA recently considered that taxable dividends paid to an individual, who has never been involved in or contributed to a business, might meet the...
Read More >

TAXABLE BENEFIT: Parking PassNovember 7th, 2019

In a June 10, 2019 Federal Court of Appeal case, the Court upheld the previous Tax Court decision which classified an employer-provided parking pass as...
Read More >

Not Having a Will Can Be Risky Business: Make Sure You’re Prepared!November 6th, 2019

Executive summary Most of us know that having a will is important, but statistics show that what we know about wills and the action we...
Read More >

WORKERS COMPENSATION: Replacement Payouts by EmployerOctober 31st, 2019

In a March 29, 2019 Tax Court of Canada case, the taxpayer had been injured on the job and was held eligible for workers’ compensation...
Read More >

ZERO-EMISSION VEHICLES: Personal and Corporate IncentivesOctober 24th, 2019

On April 17, 2019, Transport Canada released details on the purchase incentive of up to $5,000 for zero-emission vehicles as originally proposed in the 2019...
Read More >

ANXIETY, DEPRESSION & PHOBIAS: Disability Tax CreditOctober 9th, 2019

In an April 3, 2019 Tax Court of Canada case, at issue was whether the impact of an individual’s mental impairment entitled her to the...
Read More >

Estate Planning Tips – Don’t Leave Your Loved Ones ConfusedSeptember 27th, 2019

Estate planning is a topic that we all need to consider.  Even if you think that your situation is straightforward and simple, you should still...
Read More >

REIMBURSEMENT FOR WORK CLOTHING: TaxableSeptember 12th, 2019

In an April 17, 2019 Technical Interpretation, CRA was asked whether clothing reimbursements paid to maintenance employees were taxable benefits. Employees were not required to...
Read More >