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Category Archives: Individuals
Goodwill and estate planning
Mark Brohman at Durward Jones Barkwell was kind enough to send to me a reminder in the form of a technical interpretation of a very important fact about goodwill and estate planning.
Posted in Estates and Trusts, Individuals
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Tax protesters redux (ridiculous more like)
The CRA is warning Canadians to stay away from the tax protest movement, again. I can’t believe people are still falling for this crap given that, as the CRA release points out, “Canadian courts have repeatedly and consistently rejected all … Continue reading
Posted in CRA News, Individuals
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Acting in concert
Two unrelated individuals each own 50% of a corporation. If the daughter of one of them is an employee of the corporation, does she deal with it at arm’s length for the purposes of subsection 5(2) of the Employment Insurance … Continue reading
Posted in Cases, Individuals
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PC Employment Agreement
It is our standard practice when incorporating a professional corporation (a PC) to prepare an employment contract between the professional and the PC.
Posted in Corporations, Individuals
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160 and Knowledge
For the purposes of section 160 of the Income Tax Act, it does not matter whether the transferor or transferee knows that the transferor owes tax at the time of the transfer. What they intend to accomplish by making the … Continue reading
Posted in Cases, Individuals
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Measuring Employment Benefits
If you teach at a private school, and the school offers your children discounted tuition as part of your compensation package, what is the value of the benefit that must be included in your income for the purposes of the … Continue reading
Posted in Cases, Individuals
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Gifts and Family Law
When the patriarch or matriarch of a family decides to implement a freeze it is quite common for him or her to insist that the gift of the growth shares be excluded from net family property for the purposes of … Continue reading
Posted in Cases, Individuals
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Buckingham
For those of us who defend director liability cases, R v Buckingham, 2011 FCA 142, is a must-read.
Posted in Cases, Corporations, Individuals
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T1 Short
A friend of mine was going through his father’s papers and found some old tax returns. He passed one along to me—a 1948 T1 Short—with his permission to post it here, which I am doing with names and addresses redacted. … Continue reading
Posted in Individuals
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Kiddie tax
In Jeannotte v R, 2011 TCC 247, the taxpayer’s representative tried to argue that the Court should make an exception to the kiddie tax rules on income from a trust that was set up, not to avoid tax, but to … Continue reading
Posted in Cases, Individuals
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