Interactive Online Bookkeeping & Tax

Transfer Capital Losses to a Spouse Using the superficial loss rules, capital losses can be transferred to a spouse or common-law partner...

Mileage Logs I cannot recall a client who has ever had an acceptable mileage log book. There is no requirement in the ITA for a taxpayer...

Canada Recovery Hiring Program Budget 2021 proposes to introduce the Canada Recovery Hiring Program (the “hiring subsidy”) to provide...

Here Is What CRA and The Tax Courts Have to Say- And What your Clients- the employers- can do to protect themselves So we have a colorful...

Inconsistent Information may be your worst tell-tale I had a client a realtor. For the past 5 years she had 0 subcontractor expense in...

Non Resident Sellers in Canada: There are various Canadian sales tax rates imposed federally and provincially. Three major components...

THE MEDICAL EXPENSES TAX CREDIT – TAX PLANNING FOR OPTIMIZING YOUR TAX CLAIM – PART I I Optimizing the Medical Expenses Tax Credit –...

Do you want to communicate better with your clients? Make getting referrals and "Marketing" for new clients easier? Here is where you...

Yesterday Post On Misrepresentation: Very Important to Know for Great Tax Practitioners and how to fight CRA for your client- an...

WHEN SHOULD THE COURTS ALLOW REASSESSMENTS BEYOND THE LIMITATION PERIOD? [the predecessor of subparagraph 152(4)(a)(i)] would provide...

Expenses approved without Receipts Docket: 2004-1206(IT)I BETWEEN: RADEK CHRABALOWSKI, Appellant, and HER MAJESTY THE QUEEN, Respondent....

Interest and penalty charges on late instalments and for those not sure: When do you have to pay instalments- You may have to pay tax...

What is a corporate minute book? It is Required By Law A minute book contains the constating documents (means articles of incorporation,...

What is a holding company? it is the opposite of a shell company (which holds no assets inside of it) in that it holds your precious...

Background Assuming your business makes “taxable supplies” for GST/HST purposes, you are normally entitled to input tax credits (ITCs) to...

For those filing a Final (Deceased Return) this will explain what you need to know: For Those Interested (10 minute read) Amounts you can...

Am I Being Taxed or Penalized Original article by David Rotfleisch (a great tax lawyer) When a taxpayer receives an unexpected tax...

Residency is a crucial element of the Canadian tax system. Residents of Canada must declare their worldwide income and pay taxes on it,...

Proving Business Expenses What is Income to an Auditor: An auditor will take the position that "all bank deposits that you do not prove...

Trusts: The last three years have seen significant changes in tax legislation. Private family businesses have felt the bulk of these...