Blog

A closeup of a Mercedes Benz emblem

Corporate Tax Planning

A Tale of Three Cars

A requirement to use your own car at work can allow for associated expenses to be claimed on your income tax returns. However, not everyone is entitled to such claims (for example, you can’t make a claim if an employer already reimburses you), and it is critical to keep detailed records, especially if more than one vehicle is used for work. A recent decision from the Tax Court of Canada highlights… Read More

A man in a suit walking down a city street with luggage representing resignation from a job

Corporate Tax Planning

Company Director Escapes Tax Liability After Resigning

Being the director of a company might seem glamorous on the outside, but the role comes with a great deal of responsibility, including personal tax liability should the company find itself unable to comply with its tax obligations. A recent decision from the Tax Court of Canada looks at what is needed for a director to resign and avoid liability for a company’s tax debt. The debt The appellant was the… Read More

Two ATMs representing a mistaken TFSA deposit

Personal Tax Planning

A Reminder To Be Careful When Contributing To A TFSA

A Tax-Free Savings Account (“TFSA”) can be a great way to invest some extra money in order to collect interest on it without paying tax. However, the amount of money someone can contribute to a TFSA in any given year is limited, and individuals should be careful about putting too much money into a TFSA, even if by accident. This was a lesson a taxpayer recently learned following a decision from… Read More

A person typing on a computer keyboard representing a charity donation scam

Tax Disputes & Litigation

Latest Appeal Unsuccessful In Huge Tax Scam

The latest step in a wide-ranging tax scam came last month when the Tax Court of Canada ruled against the appellant, a taxpayer who was caught involved in the scam. An article in the Globe and Mail described the decision as an aftershock of one of the biggest tax scams in Canada’s history. $30,526 in Tax Deductions The appellant was a retired autoworker who had claimed $30,526… Read More

An airplane in the sky representing a commercial pilot in tax dispute with CRA

Personal Tax Planning

Transferring Tax Debt in Addition to Money

Some people might go to great lengths to avoid paying a tax debt. One tactic that shows up from time to time is the transferring of cash or assets to a family member. A recent decision from the Tax Court of Canada serves as a helpful reminder that trying to escape a tax debt through these means can leave both the original tax debtor as well as their family member in… Read More