This Month’s Poll
Do you agree that public trustees, guardians and departments supporting Indigenous Services should be able to certify impairments for the Disability Tax Credit?Mark Your Calendars: Retirement and Estate Planning Bootcamp
Reserve your spot now for the September Retirement and Estate Planning Bootcamp. This must-attend event will provide you with the best tools to preserve, grow, and transition wealth tax-efficiently for your clients and to the next generation.
Big Disclosure Issues in Proposed Change to Income Tax Act
Currently the Income Tax Act (the Act) ensures disclosure of taxpayer information by Canada Revenue Agency (CRA) officials is specifically prohibited unless in relation to a criminal investigation or in emergency circumstances.
Taxpayers Can Sue CRA for Negligence
A recent decision of the British Columbia Supreme Court has held that the Canada Revenue Agency (CRA) owes taxpayers a duty of care; this new finding means that taxpayers can now sue the CRA for negligence.
Discovery of Documents in the Tax Court of Canada
Discovery: the process of requesting and receiving relevant documents from the other side is one of the most important stages of any litigation. When the other party is the Minister of National Revenue (the Minister) the discovery stage can seem like a David vs. Goliath type struggle.
Evelyn Jacks: Wealth Planning: Canada a Sweet Spot for a Higher Bell Curve
Lots of great material has been released lately about global and Canadian wealth trends. Three works come to mind as must-reads...
Business Owner Reduces Taxes with Income Splitting
Steve currently makes $84,000 in his small unincorporated business in BC; he wants to pay his new wife Carin half this amount, as they work together in the business. How much will the family save on taxes if they split income?
