Tag: CRA

4 May

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...

2 Mar

The Income Tax Consequences for Selling Real Estate in Canada as a Non-Resident

Under section 116 of the Canadian Income Tax Act, non-resident vendors disposing of certain taxable Canadian property (partially listed below) are to notify the Canada Revenue...

26 Feb

Death Tax, Probate Tax, Estate Tax, Inheritance Tax, Wealth Tax and Final Income Taxes; which of these should we Canadians be concerned for?

Unlike some other countries in the world, Canada does not impose taxes on wealth or the value of an inheritance upon death; but in its place Canada...

8 Feb

NITTY GRITTIES OF FORMING A COMPANY

Registration is very different from incorporation. A company has to incorporate only once, but it has to register to carry on business in any and all...