How To Interpret A Tax Treaty
Many people may benefit from a tax treaty and not even realize it. These treaties often establish a relationship of reciprocity between the participating nations.
Singh v. Canada: Learning About TFSA Penalties
In Singh v. Canada, Susie Singh placed money from the sale of her home in her tax-free savings account (TFSA) in 2015. In 2018, Singh
The Ultimate Guide To PST In Saskatchewan
Provincial Sales Tax (PST) is a sales tax that applies to all taxable goods and services in Saskatchewan. PST applies to both sales that occur
Are Groceries Taxable In Canada? Understanding When GST/HST Applies On Grocery Purchases
GST is short for “Goods and Services Tax.” This tax applies to most goods and services sold or provided throughout Canada. The GST has also
Understanding The Voluntary Disclosure Program
While the federal tax system is highly complex, all taxpayers have the fundamental responsibility to fulfill their tax obligations every year. Taxpayers who knowingly violate
Understanding The Basics Of The Canada-US Tax Treaty
Income tax treaties are implemented to prevent double taxation of citizens who are living abroad. The United States has income tax treaties with 58 countries,
A Guide To The Taxation On Gambling Winnings In Canada
Taxation on gambling winnings in Canada can be a tricky business. While professional gamblers are subject to taxes appropriate to their line of business, Canadian
A Tax Lawyer’s Guide To Canadian Alcohol Tax And Duties
One of the ways the Canadian federal government controls the consumption of alcohol in this country is through the tax and duties imposed on alcohol
Students and Taxes in Canada
Furthering your education is an admirable endeavor. Higher education can open up an array of new possibilities for students, from increased job prospects to finding
Conversion Of Real Property From Capital To Inventory (Or Vice Versa)
Businesses have many assets for various reasons. They may use an asset to provide a good or service to clients. They may sell or lease
Why All Working Children Should File A Tax Return In Canada
In Canada, it is not uncommon for teenagers to get a summer job, after-school job, or other employment position while they are underage. These jobs
The 2023 Tax Changes Canadians Need to Know
Each year, there are changes to Canadian tax laws that may affect the credits and deductions which apply to individual taxpayers. Understanding these changes is
