Having your corporation own your home may seem like smart tax planning, but it can trigger a taxable shareholder benefit.
Can Your Corporation Own Your Home? Shareholder Benefits Explained Read More »
The CRA may deny business losses where there is no genuine intention to pursue profit. Learn how Canadian courts analyze commercial activities and denied losses.
The CRA frequently challenges whether profits should be taxed as capital gains or business income. Read about the differences and why it matters.
CRA often looks beyond legal title to determine who truly owns property. What is beneficial ownership and why does it matter in tax disputes.
Self-employed Canadians are frequent CRA audit targets. Here’s why working with a tax lawyer helps protect your income and resolve disputes effectively.
Why Self-Employed Canadians Often Need a Tax Lawyer Read More »
Not sure if your tax issue calls for a lawyer? Accountants handle compliance but some problems need legal support. Learn when to involve a Toronto tax lawyer.
Do I Need a Tax Lawyer or an Accountant? How to Know and Why They Often Work Together Read More »
Can the CRA deniy your losses by claiming your business is a hobby? Read about the pursuit of profit test and how it might apply in certain situations.
Is Your Business a Hobby? Applying the Pursuit of Profit Test Read More »
Winding up a partnership? Learn how filing Form T2060 allows partners to defer tax on partnership property distributions when dissolving a Canadian partnership.
T2060 Election: Deferring Tax When Dissolving a Canadian Partnership Read More »
What really happens during a free consultation with a Toronto tax lawyer? This guide walks you through what to bring, what to ask, and how to prepare.
What to Expect from a Free Consultation with a Toronto Tax Lawyer Read More »
The CRA tracks unreported income aggressively. Find out what triggers reviews and how to manage the fallout.
