What is an Arbitrary Assessment ? This video from “Wolf of Tax Street” explains it in a nutshell. Click here
What is an Arbitrary Assessment ?
If you don’t file your tax returns the Canada Revenue Agency (“CRA”) can estimate your income and issue a notional tax assessment against you called
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
Does Bankruptcy Wipe Out Your Tax Debts ?
Many people try to eliminate their tax debts by filing for bankruptcy. Before doing that, however, you should explore all other options to reduce or
How to Challenge a Net Worth Assessment
In the recent case of Bousfield v. The King, the Tax Court of Canada set out five methods that taxpayers can use to successfully dispute
Why Canadians Are Retiring to Panama
If you’re looking for an affordable place to retire with sun-kissed beaches, tropical rainforests, close to home, and all of the amenities that a big
4 Reasons Why You Should Not Put Your Kids on Title to Your Home
Many seniors ask me whether they should put their children on title to their home so they can avoid probate fees when they die. Probate
Read More4 Reasons Why You Should Not Put Your Kids on Title to Your Home
What is an estate freeze ?
An estate freeze is a tax planning tool used by owners of Canadian privately held corporations to limit capital gains tax on the future growth
5 reasons to register your business in Cyprus
1. Cyprus is part of the European Union Being part of the European Union will give your business international credibility. As a member of the
St. Lucia’s Citizenship by Investment Program
If you’re looking to get a second passport in a Caribbean island where the rich and famous hang out, then think St. Lucia. St. Lucia