Workers at the Canada Revenue Agency (CRA) voted in favour of strike action yesterday (Friday April 7, 2023). The Public Service Alliance of Canada (“PSAC”)
The deadline for filing the Underused Housing Tax return is May 1, 2023.
The Underused Housing Tax (“UHT”) is an annual tax of 1 % on the ownership of vacant or underused housing. The UHT is payable by
Read MoreThe deadline for filing the Underused Housing Tax return is May 1, 2023.
Be careful of making changes to your home to run a business
If you make significant changes to your home to establish a place of business, then that portion of the home would be disqualified from the
Read MoreBe careful of making changes to your home to run a business
The Nevis Asset Protection Trust
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
Asset Protection in a Nutshell
When I tell people that I practise Asset Protection Law, they usually ask me “what is that”. So I thought I would write a simplified
Deadline for Vacant Home Tax Declaration Extended
The City of Toronto has extended the deadline until the end of February for homeowners to file their Declaration of Occupancy Status. The deadline for