“Earnings” seems like a simple concept. It’s just revenues less costs, right? But things are seldom as simple as they seem.
How can any corporation, income trust or other organization steadily   Read More

Tax lawyer Samantha Prasad says: Be firm in your facts and courteous in your deportment. Both go a long way in resolving disputes with the Canada Revenue Agency.

Let me assume   Read More

We used to communicate with the Canada Revenue Agency via paper or online forms. Now you can get social with the CRA via Twitter, e-mail, RSS feeds, YouTube and mobile   Read More

April 30 is almost here. But before those April showers bring May flowers, the Canada Revenue Agency is going to want to rain on your parade too. Here are some   Read More

The federal government introduced a new “first-time donor’s super credit” last year, but many Canadians are still either unaware of what it is or not quite sure of what the   Read More

Once upon a time, a family was eligible for a double principal residence exemption. However, in the early 1980s, the tax rules were changed. Now there is essentially a one-principal-residence-per-family   Read More

There is nothing more joyful than the birth of a child. It is a very emotional time for parents and grandparents as they make lofty plans for the baby’s future   Read More

Thinking about what to include in your will? If you are like most people, your thoughts are probably focused on who gets what, and who will take care of the   Read More

Samantha Prasad, a tax partner with the law firm Minden Gross LLP, recalls that a few years ago, the Canada Revenue Agency (CRA) was actively engaged in a special audit   Read More

The TaxLetter, MPL Communications Inc.
133 Richmond St.W., Toronto, ON, M5H 3M8. 1-800-804-8846

Split pension income, save taxes

All’s fair in love… and taxes. At least, that’s the way the Canada Revenue Agency   Read More