Cryptocurrency traders who have yet to report their trading profits should be aware that the Canada Revenue Agency is taking action against those who have not appropriately reported profits from crypt...
Five Things to Consider in a Cross-Border Tax Dispute
For high and ultra-high-net-worth individuals, cross-border litigation presents a host of challenges that are best confronted head-on through proactive legal risk assessment. Clients with internationa...
Family Wealth Preservation and Estate Planning through a Corporation
A corporation is no more than a legal fiction, but a powerful one. Without its organizational contributions, the growth in industrialization and living standards of the last few centuries would scar...
What is the Scope for Income-Splitting in Canada after the 2018 Amendments to the Income Tax Act?
In the past, Canada’s income tax system allowed a lot of scope for moving income around within a family to reduce the family’s overall tax burden. This is known as “income-splitting”. It i...
Tax Reduction Advantages from Incorporation for Self-Employed Professionals and Business Owners
There are many advantages to incorporation. One of the biggest of these is the very low corporate tax rate on what is called small business income, which also applies to professional income. Self-...
Common Intention in the Tax Test for Independent Contractors
One of the important issues in the gig economy is whether workers are to be taxed as employees or as independent contractors. Tax Court decisions have gone back and forth about the extent to which the...