Income Tax Reassements & Audits

Foreign Buyer Ban and Anti-House Flipping Laws Implemented in 2023

The Foreign Buyer Ban If you have been trying to buy a house over the last few years, you may feel it's impossible to get one...

A MIC’s Specified Shareholder, Related Persons and Prohibited RRSP Investment Considerations

The Question being asked is a brother or sister of a shareholder of a mortgage investment corporation (MIC) a specified shareholder (To qualify as a MIC...

INCOME TAX LAW: A Share Purchase vs. an Asset Purchase of an Incorporated Business

This article is attempting to illustrate the type of reasoning necessary in order to decide if an asset purchase or share purchase of an incorporated business...

INCOME TAX LAW: General Anti-Avoidance Rule

The GAAR:  Overriding, Overarching or Just Over?In most legal structures, rules and regulations tend to expressly or implicitly instruct or guide a person or any other...