Introduction In the realm of Canadian tax law, the General Anti-Avoidance Rule (GAAR) has long been a subject of debate, particularly in the context of family-owned enterprises. Traditionally, GAAR has been seen as a mechanism that, while aimed at preventing…
Introduction In the intricate landscape of corporate taxation, understanding the nuances of tax attributes like the Adjusted Cost Base (ACB) and Paid Up Capital (PUC) is crucial for tax practitioners. These concepts are not just abstract terms in the tax…
Businesses are the engine of the Canadian economy as they provide the opportunity for individuals to work. If you have employees in your corporation (including yourself) – you must file a T4 slip by the end of February. With the…
Corporate and Personal Tax Summary Planning By Eeva Harrop, CPA, CA, TEP, MSc. September 25, 2020 For many individual taxpayers, tax planning means organizing all of your paperwork at the end of the year and filing a tax return before…