COVID-19 Extensions to Limitations Periods for Tax Disputes
The Time Limits and Other Periods Act (COVD-19) (TLOPA) came into effect on the 27th July 2020. Respecting the timelines under the Income Tax Act
September 22, 2020
The Time Limits and Other Periods Act (COVD-19) (TLOPA) came into effect on the 27th July 2020. Respecting the timelines under the Income Tax Act
On 20th July 2020, The U.S Treasury Department and the Internal Revenue Service (“IRS”) released finalized regulations for the global intangible low-taxed income (GILTI) high-tax
There are many different means for employers to provide tax-effective compensation to their employees. Through this tax-efficiency, employers can reward employees for good performance, compete
What is a Tax-Free Savings Account? The Canadian Tax-Free Savings Account scheme was set up in 2009 as a way for taxpayers to set aside
Canada’s income tax system is progressive, meaning tax rates increase alongside taxpayer’s earnings. Households can minimize their overall taxes by dividing income rates between family
The global pandemic has brought certain realities into clear focus. If you are a high-net-worth individual (HNWI) in your 50s and 60s, you may be
Under Bill C-20, the Canada Emergency Wage Subsidy program (CEWS) is extended until November 21st 2020. This new bill will result in considerable changes to
Are Shareholder Benefits Taxable in Canada? Shareholder benefits are taxable under subsection 15(1) of the Income Tax Act. But what counts as a shareholder benefit?
Working from home may have started as a short-term response to the COVID crisis, but for many people, the last few months have changed how
When someone passes away, the estate trustee holds the responsibility of carrying out the terms of their will or codicil. In circumstances where the deceased
Successful real estate agents and investors are those who do the essential things right. This includes: business structuring, tax preparation, and deductions management which are
If you’re still able to work and have employees, the Federal government has recently introduced a plan that could help your business. On April 27,