Monthly Archives: February 2008

Requirements

Posted on February 20, 2008 by John Loukidelis

The following article appeared in the latest edition of the HLA Journal. CRA “requirements” (a “Requirement”) are a form of garnishment for unpaid taxes, and they can be quite troublesome for a business, especially if its systems aren’t what they … Continue reading →

Posted in Corporations, Individuals | Leave a comment

Safe income

Posted on February 15, 2008 by John Loukidelis

The CRA has released the latest edition of its Income Tax Technical News (number 37). This issue is devoted solely to the question of the effect of non-deductible expenses on the calculation of safe income on hand in light of … Continue reading →

Posted in Corporations | Leave a comment

Tax Court Jurisdiction

Posted on February 6, 2008 by John Loukidelis

The Tax Court has said it before, and it will say it again: it has no jurisdiction to hear an appeal from a “nil assessment” (an assessment where no federal taxes are payable) or from an assessment that relates only … Continue reading →

Posted in Tax Court Appeals | Leave a comment

Eligible dividends

Posted on February 5, 2008 by John Loukidelis

As readers of this blog know, Joe Monaco and I prepared a presentation last spring on eligible dividends. “Eligible dividends” are taxable dividends paid by a corporation resident in Canada after 2005 that are received by a person resident in … Continue reading →

Posted in Corporations | Leave a comment