Resources & Articles

Domestic Tax


TRAVEL ALLOWANCES: Limited Distance CoveredSeptember 8th, 2021

In a March 5, 2021, French Technical Interpretation, CRA commented on whether a travel allowance paid to employees on a per kilometre basis, but only...
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Proposed Luxury Tax – New Details ReleasedSeptember 7th, 2021

The Finance Department has released new information as it relates to the Luxury Tax proposed in the 2021 Federal Budget. The proposed Luxury Tax (LT)...
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CANADA EMERGENCY RESPONSE BENEFIT (CERB): RepaymentsSeptember 2nd, 2021

Self-employed individuals whose net self-employment income was less than $5,000 will not be required to repay CERB, as long as their gross self-employment income was...
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CANADA EMERGENCY RENT SUBSIDY (CERS): More ClarificationSeptember 1st, 2021

CERS provides support to businesses by covering a portion of rent and property ownership costs of qualifying property. The government has recently extended access to...
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New Tax Proposed for Non-Residents Owners of Canadian Real PropertyAugust 26th, 2021

In the Federal Budget presented in April 2021, the government proposed a vacant homes tax that was intended to deter non-residents from passively investing their...
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US Taxation and Canadian SnowbirdsAugust 19th, 2021

We often get asked “How much time can I spend in the United States without tax consequence?” and “What are the tax rules for owning...
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Estate Planning Tips – Don’t Leave Your Loved Ones ConfusedAugust 13th, 2021

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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CRA Limits Amount for Qualifying Rent Expenses for CERSAugust 11th, 2021

According to the government’s Canada Emergency Rent Subsidy (CERS) website, there is a $75,000 limit on qualifying rent expense “per business location”. It is unclear whether...
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Non-Arm’s Length SuppliesAugust 4th, 2021

It is not uncommon for a supply to be made for nil consideration or for consideration that is lower than the fair market value of...
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TAXPAYER RELIEF: Financial HardshipJuly 27th, 2021

In a January 14, 2021, Federal Court case, the taxpayer sought a judicial review of CRA’s denial to provide interest and penalty relief on a...
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