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.
Category: DFK Newsletter
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 …
It may seem odd to see an article regarding personal tax planning right now; however, there is no better time than now to plan for next year.
The recent Federal Budget proposes changes to the tax treatment of WIP for professionals. These changes could have a large impact on tax bills.
As a self-employed physician, you will be responsible for your taxes. Make the transition from medical resident to practicing physician painless.
No one can say for sure if or when the capital gains inclusion rate will increase. Prepaying income tax could be expensive. So, what should you do?
If you are a physician who has structured your practice as a business, there may be additional GST/HST obligations that could also apply to your practice.
Employment contracts where the issuance of shares are considered should be carefully reviewed prior to execution.
With the dawn of GRE and non-GRE estates/trusts, Part XII.2 rules are now very much an issue for many non-GRE trusts.