Departure tax for individuals emigrating from Canada
Without careful tax planning, taxpayers may be caught off guard with a tax obligation that they do not have the resources to pay.
Should safe income on hand include taxes accrued but not yet paid?
Our authors summarize FCA’s decision on the calculation of safe income, specifically, the consideration of taxes accrued but not yet paid.
Cross-border debt financing – an overview of Canadian tax implications
Our authors highlight tax rules that businesses often overlook during cross-border debt financing via shareholder loans.
Annulment or rectification – what can taxpayers do to address an error
A recent case signals how opting to annul versus rectify an error may affect the outcome, cost and timeliness of the tax dispute process.