Necessary Evil
So a nifty case came out of TCC in October (Burke V. The King). This is hugely summarized (and probably written poorly.) But here we
New TFSA Limits Are Out
CRA has updated the 2023 TFSA contribution limit (among other things.) See the list here. What you need to know: 2023 limit is $6,500.
Dividends Are Not Remuneration.
Interesting case to come out of BC. The details are mostly relevant to tax nerds, but very generally the case revolved around whether or not
Canada’s Tax Rules Are A Mess
Allan Lanthier over on the Financial Post discusses why our tax laws are a mess here. Clients will agree that I sound like a broken
CRA Answers For Business Owners
CRA has put out a list of the their Top 5 questions business owners ask them. Here. My personal opinion is that this list should
CRA’s Personal Service Business Program
CRA recently started an “Educational Outreach” program. They say that they will be in contact with specific industries/businesses, and ask the business to provide CRA
Ottawa Boos Tax on Foreign Buyers
Ottawa was up to its usual business of getting nothing done. Lots of critiques against bill C-8, and why it wouldn’t work. Probably run by
CRA Audits Decrease (Again)
No surprises here: A National Post article, using info from expert Mark Blumberg, details that CRA audits have dropped from 800-ish in 2010-2015, down to
CRA Comments On Beneficial Ownership Rules For Trusts
CRA finally released some late guidance regarding their proposed trust reporting rules related to beneficial ownership. Short version is that this isn’t anything required for
CRA’s Updates Work From Home Numbers
CRA released new work from home expense numbers for the 2021 and 2022 tax years. Deductions include: Flat rate method is continued for 2021 and