Court rules investor not eligible to claim business loss on funds withdrawn from RRSP
Acquiring shares for cancellation can never be to gain income from the business, court says
Former Atlas Cold Storage CEO not allowed deduction for legal fees because they were not to protect income from business
Section 160 of the Income Tax Act can have draconian consequences
A recent appeal court decision means less protection for advisors
Surplus stripping, income splitting and complex tax planning are not prohibited by the Income Tax Act
In regretfully dismissing a taxpayer’s request to extend a deadline, the Tax Court of Canada commented on lack of simple fairness
A lump sum paid to satisfy a court order for retroactive support is deductible, the Tax Court of Canada has ruled
A husband’s travel to assist his ailing wife is allowed as a medical expense deduction
An important decision from the tax court says the CRA must meet the criminal burden of proof under s. 163.2