Watch for effects on spousal and employee loans
This article will discuss deductibility in relation to RRSPs, RRIFs and TFSAs.
The new top bracket makes the rationale more compelling.
The new tax bracket for top earners means changes to the donation tax credit.
Changing tax rates mean it’s not so clear.
A trust is not a legal entity, but rather a relationship where legal property ownership is in the hands of a trustee, and beneficiaries are entitled to that property. Still, a trust is a taxable entity — so where should it be taxed?
The answer depends on whether owners plan to reinvest in their businesses.
We expect fair treatment in a dispute with CRA. But, proving CRA didn’t live up to its duties doesn’t guarantee success in court.
You will not find a single instance of the word “clawback” in Canada’s tax legislation.
What to do with capital gains in testamentary trusts