Monthly Archives: February 2009

Crazy

Posted on February 23, 2009 by John Loukidelis

In an article I wrote about three years ago, I pointed out that the purveyors of tax snake oil seemed to be having some success convincing their “clients” that they need not pay income tax.

Posted in Individuals | 1 Comment

HLA Paper on Trusts and Estates

Posted on February 23, 2009 by John Loukidelis

I delivered a paper last week at the Hamilton Law Association‘s trusts and estates update. My paper focused on tax issues, of course. The session was very well attended, with well over 100 members of the local bar present.

Posted in Estates and Trusts | Leave a comment

New forms

Posted on February 18, 2009 by John Loukidelis

The CRA recently issued revised versions of a number of forms and publications, including the T2057 and the “T4001 Employers’ Guide – Payroll Deductions and Remittances”.

Posted in CRA News | Leave a comment

Fighting Aggression

Posted on February 13, 2009 by John Loukidelis

PWC sends a tax bulletin to me from time to time, and its latest email contains information about Quebec’s plans to introduce measures to combat ‘aggressive’ tax planning. Apparently, the measures, if enacted, would require taxpayers to disclose the details … Continue reading →

Posted in Policy | 1 Comment

What in the world?

Posted on February 9, 2009 by John Loukidelis

What world does the CRA live in that it could think it would be a good idea to take a 78-year-old woman to Court under section 160 for cashing cheques for her disabled son? See Gambino v. The Queen, 2008 … Continue reading →

Posted in Cases, Individuals | Leave a comment

CDA

Posted on February 3, 2009 by John Loukidelis

The capital dividend account of a corporation (“CDA”) is defined in subsection 89(1) of the Income Tax Act (Canada), and the definition requires that the balance of the account be calculated using something like the following formula: A + B … Continue reading →

Posted in Corporations | 1 Comment