Resources & Articles
Domestic Tax
UNCLAIMED BANK DEPOSITS OR PROPERTY: Could Christmas Come Early?
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...
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I Own a Small Business. Should I Incorporate?
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...
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Does The TOSI Reasonable Return Exclusion Apply to Family Trusts?
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...
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TAXABLE BENEFIT: Parking Pass
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...
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Not Having a Will Can Be Risky Business: Make Sure You’re Prepared!
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...
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WORKERS COMPENSATION: Replacement Payouts by Employer
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...
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ZERO-EMISSION VEHICLES: Personal and Corporate Incentives
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...
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ANXIETY, DEPRESSION & PHOBIAS: Disability Tax Credit
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...
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Estate Planning Tips – Don’t Leave Your Loved Ones Confused
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...
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REIMBURSEMENT FOR WORK CLOTHING: Taxable
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...
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