In today's globalized economy, understanding international taxation is no longer optional—it's essential. Picture this: your family-owned enterprise is thriving in Canada, and you're ready to expand your horizons, tapping into new markets around the world. But with great opportunities come…
In the case of Fundy Settlement v. Canada, the Supreme Court of Canada decided that two trusts were considered residents of Canada for tax purposes because their main business decisions were made by beneficiaries living in Canada, even though the…
The case of Canada (Minister of Citizenship and Immigration) v. Vavilov is a landmark decision by the Supreme Court of Canada that redefined how courts should review decisions made by government agencies. Alexander Vavilov, born in Canada to parents who…
Administrative law is the backbone of how government agencies like the Canada Revenue Agency (CRA) interact with businesses and individuals. Understanding administrative law is essential for family-owned enterprises in Canada to navigate the complexities of tax compliance and effectively challenge…
The Kruco case is a pivotal case in the determination of safe income available for a tax-free intercorporate dividend from a subsidiary to its parent company. The CRA’s inconsistent position on this has been interesting. I posed a question to…
Introduction Tax law, an intricate and ever-evolving field, plays a crucial role in the financial landscape of individuals and businesses, especially in specialized sectors like law. At Shajani CPA, we don't just crunch numbers; we provide a comprehensive suite of…
Introduction: Mastering the Art of Mergers and Acquisitions for High-Net-Worth Family Enterprises Mergers and Acquisitions (M&A) are pivotal events in the lifecycle of any business, more so for family-owned enterprises where the stakes extend beyond the balance sheet. These transactions…
The MacDonald case has left its mark on the risks associated with a pipeline transaction and the interpretation of the text of section 84(2) of the Act. Section 84(2) S 84(2) of the Act discusses the dividend treatment of funds…
In an era where an increasing number of Canadians require assistance in managing their financial affairs due to aging or other factors, understanding the nuances of a Power of Attorney (PoA) for property becomes crucial. At Shajani CPA, with our…
Trois-Rivières Resident Sentenced for Massive Tax Fraud Involving Fictitious Children In a startling revelation of tax fraud, the Canada Revenue Agency (CRA) has announced the sentencing of Wayne Kendall Jr. from Trois-Rivières, Quebec. On October 20, 2023, at the Trois-Rivières…