Jeremy Scott Tax Law

The Role Of Artificial Intelligence In Canadian Tax Compliance

Jeremy Scott Tax Law | The Role Of Artificial Intelligence In Canadian Tax Compliance

The Government of Canada freely admits that it is already using artificial intelligence (AI) for Canadian tax compliance purposes, and representatives from the Canada Revenue Agency (CRA) have been exploring this opportunity since at least 2018. On the other side of the bookkeeping world, companies and accountants in Canada are also employing AI-based strategies for […]

Wealth Transfer Tax Planning Strategies for Canadian Businesses

Smiling entrepreneur holding a coffee seated at a desk with laptop and open ledgers; tax planning.

Canadian business owners who have achieved financial success often develop comprehensive estate plans to transfer their wealth, including their business and its associated assets. Tax matters should be an integral component of such plans. With the right tax planning strategies, Canadians can minimize their business tax liabilities and maximize the assets they are able to […]

Fringe Benefit Tax Rules For Canadian Employers

Jeremy Scott Tax Law | Fringe Benefit Tax Rules For Canadian Employers

The sheer complexity of Canadian tax laws can make compliance a challenge. Canadian employers, therefore, must carefully navigate fringe benefit tax rules to ensure full compliance with those tax laws. With help, you can chart a course through even the most complex tax issues and diligently leverage tax laws to your advantage while improving your […]

The Ultimate Guide To Maximizing Canadian Business Tax Write-offs And Boosting Your Charitable Donations

Jeremy Scott Tax Law | The Ultimate Guide To Maximizing Canadian Business Tax Write-offs And Boosting Your Charitable Donations

Running a successful business in Canada is about strategic operations and savvy financial planning. Understanding the Canada Revenue Agency’s available tax write-offs and optimizing charitable donations can significantly impact a company’s bottom line. Canadian business owners should know the strategies and best practices to maximize business tax deductions and bolster charitable contributions within the Canadian […]

An Examination of Tax Shelters in Canadian Corporate Law

Jeremy Scott Tax Law | An Examination of Tax Shelters in Canadian Corporate Law

As defined in Canada’s Income Tax Act, a tax shelter is an arrangement whereby an individual or entity invests funds or gifts a donation under the representation that they will receive tax deductions, credits, or other tax benefits whose total amount of value at least equal that of their expenditure. As tax shelter arrangements by […]

Canada’s Competitiveness In The Global Tax Landscape

Jeremy Scott Tax Law | Canada’s Competitiveness In The Global Tax Landscape

Canada has a strong economic relationship with the United States, thanks in part to sharing borders, values, and interests. These close connections help to explain why, according to the Office of the United States Trade Representative, trade between these two countries totaled over $900 billion in 2022. Canada’s competitive tax rates help to form another […]

Canada Revenue Agency Tax Collection Policies

Jeremy Scott Tax Law | Canada Revenue Agency Tax Collection Policies

Owning a business allows you to set your own hours, hire employees who meet your standards and align with your values, and enjoy many other perks that come with being your own boss. However, business ownership also comes with significant responsibilities. One such responsibility is paying business taxes. Managing business tax compliance can be confusing, […]

GST/HST And Homecare Services

Jeremy Scott Tax Law | GST/HST And Homecare Services

In Canada, there is a long history of publicly funded or subsidized homemaker services being exempt from the goods and services tax (GST) or harmonized sales tax (HST). There have however been changes to the regulations governing the tax exemptions on these in-home services. While the general rules have not changed significantly in the past […]