The CRA can deny paying a refund where a tax return is filed more than three years after the applicable tax year. This can result in tax consequences.
Month: August 2017
Until recently, the CRA did not require a taxpayer to report the sale of their principal residence on their income tax return.
Written by: Justin K. Hoffman, CPA, CA, CPA (Illinois), CFP, TEP, B.Comm Senior Manager, Cross-Boarder Tax Services | Davis Martindale LLP While transfer-pricing studies are a reality of international …
Written by: Enzo Morini, MBA, CPA, CA | Williams and Partners Having a disability or caring for an individual with a disability can be emotionally and financially draining. The Canadian …
In this issue, topics include: Tax for Private Corporations, Employee Discounts on Merchandise, Death Benefits, Retirement Income Calculator and more.
On July 18, 2017, Minister Morneau introduced draft legislation that proposes to change taxation on payments to shareholders of private companies.
Minister Morneau and the Department of Finance on July 18, 2017 introduced draft legislation that proposes to change taxation rules on the conversion of income to capital gains.
The draft legislation introduced on July 18, 2017, is proposing measures to limit the ability to claim the lifetime capital gains exemption on dispositions.
As part of the draft legislation introduced on July 18, the Department of Finance is proposing two methods for changing taxation on passive corporate income.