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Monthly Archives: May 2006
Going to Tax Court
Joe Monaco and I spend a good deal of time handling cases before the Tax Court of Canada because sometimes the CRA just will not listen to reason. Before filing an appeal, however, the client should understand something about the … Continue reading
Posted in Tax Court Appeals
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Amendments to the CA Act
Our readers who are CAs will be aware that Ontario has amended the Chartered Accountants Act, 1956 to permit professional corporations to be partners in limited liability partnerships. The amendments are effective May 18, 2006. The Chartered Accountants of Ontario … Continue reading
Posted in Miscellaneous
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Some Notes on CDA
Calculating CDA Canada’s income tax system aspires to “neutrality” so that, in theory, an individual should be indifferent about whether he earns income directly or through a corporation. The CDA is one of the mechanisms employed to achieve this neutrality.
Posted in Corporations
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Food stamps for clients
A real estate agent provides vouchers for food and entertainment to his clients. The agent does not control how the clients use the vouchers, and he does not consume the food or attend the entertainments provided by the vouchers. Can … Continue reading
Posted in Cases
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The Charter and the Tax Court
Subsection 171(1) of the Income Tax Act (Canada) (the Act) sets out the jurisdiction of the Tax Court in income tax appeals. In general, the subsection does not permit the Tax Court to review the process by which the Minister … Continue reading
Posted in Cases
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