Expert Insights

2022 federal Budget announced a new measure that targets “substantive” Canadian-controlled private corporations. Essentially, the federal government was concerned that taxpayers are intentionally undertaking transactions to remove the CCPC status...

Mr. Charles Mony appealed a reassessment, issued on Oct. 13, 2017, by which the Minister of National Revenue attributed to the Taxpayer a capital gain of $450,373 realized by his spouse on the sale of the capital stock of Créaform Inc.

A Canadian taxpayer may donate property to a registered charity and obtain income tax relief for doing so

The CRA was not satisfied with the valuation of the Jackmans’ personal use of the Pleasure Craft. The CRA reassessed the Jackmans.