Sometimes taxpayers and their representatives have a hard time understanding the Canadian tax-dispute resolution system, like the poor accountant in Roman Miniotas (Romeo’s Plumbing & Heating) v R, 2011 TCC 43.
Tax Court class actions?
“Government Invites Comments on Proposals to Improve the Caseload Management of the Tax Court of Canada”. From the Finance press release:
Disbursement headache?
PC Employment Agreement
It is our standard practice when incorporating a professional corporation (a PC) to prepare an employment contract between the professional and the PC.
CNFPCA in Force
The Canada Not-for-profit Corporations Act, SC 2009, c 23, is slated to come into force as of October 17, 2011, which means that corporations currently governed by the Canada Corporations Act will need to make the transition to the new…
160 and Knowledge
For the purposes of section 160 of the Income Tax Act, it does not matter whether the transferor or transferee knows that the transferor owes tax at the time of the transfer. What they intend to accomplish by making the transfer is irrelevant as well. In both cases, section 160 will apply, if its other conditions are satisfied. But what about the case where the transferor purports to transfer property to the transferee without her knowledge or consent. In Leclair v Canada, 2011 TCC 323 the court held that section 160 did not apply in those circumstances.
Measuring Employment Benefits
If you teach at a private school, and the school offers your children discounted tuition as part of your compensation package, what is the value of the benefit that must be included in your income for the purposes of the…
Gifts and Family Law
When the patriarch or matriarch of a family decides to implement a freeze it is quite common for him or her to insist that the gift of the growth shares be excluded from net family property for the purposes of the Family Law Act (Ontario). Are such exclusions effective? McNamee v McNamee, 2011 ONCA 533, illustrates well why lawyers must emphasize to clients that the answer is still a definite “maybe”.
Non-share Corporations for Cottages?
Some practitioners have suggested that it might be possible to use a non-share corporation to own a family cottage. Query, however, whether the CRA would assess a benefit to a member of a corporation who used its cottage and didn’t…
CanLII
CanLII is a resource that I’ve watched grow with a great deal of interest. I use it almost every day for one reason or another, not least as a reference for posts to this blog. I just noticed some handy…