CRA Audits Target Middle-Income Earners
The Canada Revenue Agency (CRA) has in recent months launched a series of cross-country CRA audit pilot projects that have been targeting middle-income earners such as couriers , individuals selling...
View ArticleDirector Liability for Tax and Delegation of Duties
Director Liability and the Delegation of Duties By: Bobby B. Solhi and Khalid Tariq In a recent case from the Tax Court of Canada in Kaur v. The Queen (2013 TCC 227) the Court held that the taxpayer, a...
View ArticleMedical Expense Tax Credit for Home Alterations – New Laminate Floors Qualified
Medical Expenses Tax Credit for Home Alterations: New Laminate Floors Qualified By: Bobby B. Solhi, J.D. and Khalid Tariq For people with severe and prolonged physical disability, the Medical Expense...
View Article“Including GST” Does Not Mean GST Included
First published in the September edition of the Canadian Tax Highlights and reproduced with permission. In Global Learning Group Inc. v. Eskasoni First Nation (2013 ONCA 325), the Ontario Court of...
View ArticleTaxation of Crowdfunding
Taxation of Crowdfunding By: Bobby B. Solhi, J.D. Entrepreneurs or others that may seek to raise money for their business or cause via crowdfunding through popular hubs like KickStarter may be subject...
View ArticleTax-Loss Selling Strategy
Tax-Loss Selling Strategy By: Bobby B. Solhi, J.D. and Cornelia Yeung What is Tax-Loss Selling? Many investors consider tax saving strategies near the end of the calendar year. This is common in the...
View ArticleDirector Liability for Tax and Due Diligence Defence
Director’s Liability for Tax and the Due Diligence Defence By Bobby B. Solhi* and Michael Thomson In a recent decision from the Tax Court of Canada (TCC) in Roitelman, the taxpayer successfully...
View ArticleTax liability for Directors: Resignation Exception
Tax Liability for Directors: Resignation Exception By Bobby B. Solhi* and Alexander Xi Yu In a recent decision from the Tax Court of Canada in Achim Bekesinski and Her Majesty the Queen (“Bekesinski”),...
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Recent Cases on Directors Liability
Reproduced from the Canadian Tax Foundation’s newletter “Tax for the Owner Manager”, October 2014 and authored by Bobby B. Solhi on Recent Cases on Directors Liability. Tax for the Owner-Manager is a...
View ArticleSpecified Investment Business
Specified Investment Business: Storage Unit Business A corporation that earns active business income may benefit from much lower tax rates where it can claim the small business deduction (a 11%...
View ArticleEmployee Profit Sharing Plan
Employee Profit Sharing Plan An employee profit sharing plan is a special arrangement that may be available to a Canadian employer and its employees. An employee profit sharing plan can be an...
View ArticleBeware the Traps of Capital in Tax Law
Beware the Traps of Capital in Tax Law Vern Krishna, CM, QC, FRSC, LSM, Of Counsel at TaxChambers LLP The concept of stated capital is one of the foundational pillars of corporate structures. It is...
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CRA Reneges on Assessment Agreement
CRA Reneges on Assessment Agreement See the latest Article by Bobby B. Solhi, “CRA Reneges on Assessment Agreement”, reproduced from the Canadian Tax Foundation’s newsletter “Tax for the Owner...
View Article2015 Federal Budget – Business Tax
Canada’s federal goverment released their 2015 Budget on April 21, 2015. A few key highlights for owner-managed businesses from the 2015 Federal Budget include: Reduce Small Business Tax Rate from 11...
View Article2015 Federal Budget – International Tax
The 2015 Federal Budget sets out a number of proposed amendments to the rules that govern international tax in Canada. A few of the highlights from the proposed amendments include: Exception to the...
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US BEA Information Filing
See the latest Article by Sunita Doobay of TaxChambers LLP, reproduced from the June 2015 Canadian Tax Highlights. The post US BEA Information Filing appeared first on Tax Lawyers Toronto | Tax...
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Greece’s road seen as rocky no matter what
Vern Krishna of TaxChambers LLP quoted in The Lawyers Weekly, “Greece’s road seen as rocky no matter what”. The post Greece’s road seen as rocky no matter what appeared first on Tax Lawyers Toronto |...
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Mandatory RRIF withdrawals draw fire
Vern Krishna of TaxChambers LLP was recently quoted in the article by The Lawyer’s Weekly. The post Mandatory RRIF withdrawals draw fire appeared first on Tax Lawyers Toronto | Tax Attorneys &...
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Analysts brace for recession confirmation
Vern Krishna of TaxChambers LLP quoted in a recent article, Analysts brace for recession confirmation, by The Lawyer’s Weekly. The post Analysts brace for recession confirmation appeared first on Tax...
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Tax Preparer Extradited to Canada for Tax Fraud
Tax Preparer Extradited to Canada for Tax Fraud Bobby B. Solhi, J.D. A former tax preparer in Vaughan, Ontario was extradited from Italy to Canada to serve 10 years in prison on a conviction of tax...
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