Tax News for the Peace Region

Principal Residence

On October 3, 2016, the Government of Canada announced an administrative change to the reporting requirements on the sale of a principal residence. When you

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RDTOH

The Income Tax Act indicates that if a corporate’s tax return is filed 3 years after the return was to be filed, no dividend refund

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Management Fees

Ms. Bessette is a member of the Order of Dentists and carries on business under a name since 1992, Dental Centre Nathalie Bessette. In 2002 she

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Voting Shares

(The document below has been translated from French to English). Date: December 18, 2013 2013 – 0511101E5 interest Substantial – Part VI.1 Please note that

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Stock Options

Michel Mathieu (Appellant) v. Her Majesty the Queen (Respondent) Court: Tax Court of Canada Date: June 27, 2014 Neutral Citation: 2014 CCI 207 Court File

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Executor Fees

The following is a ruling from the Canada Revenue Agency. PRINCIPAL ISSUES:   An executor who does not act in the course of a business may

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Future Income Tax

Income Tax Act: 110.1 (6) (This is a translation from the French document) Please note that the following document, although believed to be correct at

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Personal Services Business

In many industries, it is common practice for a company to hire independent contractors who have incorporated, to perform work related duties. This is especially

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Income Sprinkling

The Federal Government released their draft legislative on the measures to address income sprinkling on December 13, 2017. The new draft legislative proposals will extend

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