In previous posts I have discussed setting up a trust to protect your assets from future litigants and potential creditors or judgments against you. One
How to challenge a Net Worth Assessment
In my last post I explained what a net worth assessment is. In the recent case of Bousfield v. The King, the Tax Court of
What is a Net Worth Assessment ?
The Canada Revenue Agency (“CRA”) has many tools available to it for assessing taxpayers with what the CRA believes is unreported income. One of those
Court Says Taxpayers Should Not be Denied Disability Tax Credit Just Because They Don’t Check All of the Boxes on Prescribed Form
In the case of Gibson v. The Queen (July 23, 2014 – 2014 TCC 236 ) the Tax Court of Canada held that the taxpayer,
What is an Asset Protection Trust?
An Asset Protection Trust is a trust that holds a person’s assets for the purpose of shielding them from creditors. How does it work? Essentially