Previously Announced Measures
Budget 2014 confirms the Government’s intention to proceed with the following previously announced tax and related measures, as modified to take into account consultations and deliberations since their release: Proposed changes to automobile expense deduction limits and the prescribed rates...
Business Income Tax Measures
IN THIS SECTION: Remittance Thresholds for Employer Source Deductions Tax Incentives for Clean Energy Generation Consultation on Eligible Capital Property Remittance Thresholds for Employer Source Deductions Employers have an obligation to withhold amounts from remuneration paid to employees in respect...
Personal Income Tax Measures
IN THIS SECTION: Adoption Expense Tax Credit Medical Expense Tax Credit Search and Rescue Volunteers Tax Credit Extension of the Mineral Exploration Tax Credit for Flow-Through Share Investors Farming and Fishing Businesses Tax Deferral for Farmers Amateur Athlete Trusts Pension...
Utilization and Preservation of Losses within an Affiliated Group
Taxation of Valuation and Investments
Taxation of Real Estate
Chapter in Miller Thomson on Estate Planning.
CRA Wins Another Tax Shelter Appeal in the Federal Court of Appeal
On December 6, 2013, the Federal Court of Appeal handed the CRA yet another victory in an appeal brought by a donor to a charitable donation tax shelter in Kossow v. The Queen. The Court of appeal denied Ms. Kossow’s...
Supreme Court of Canada Considers Tax Regime and Common Law Principles Applicable to Statutory Amalgamations
Envision Credit Union v. R.[1] (“Envision“) concerned the tax consequences of an amalgamation under section 87 of the Income Tax Act (Canada) (the “Act”). Section 87 of the Act provides express rules governing the tax consequences of “qualifying” amalgamations, being...
Top Technical Bill Issues for Owners-Managers
Tax Avoidance, Tax Evasion and the Drive Towards Greater Transparency and the Exchange of Information
It's Personal (Preserving Wealth for People and Private Companies)
Comment on the September 2013 G20 Declaration.
Income Splitting via Loans – Prescribed Interest Rate to Increase Soon
Prescribed rate loans can be used to shift income from a spouse or parent in a high income tax bracket to a spouse or child in a lower income tax bracket; if carried out properly, the attribution rules in the...
