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A recently released judgment from the Tax Court of Canada testifies to the importance of good record-keeping and exemplifies a clever method that the Canada Revenue Agency (CRA) invokes when investigating taxpayers who hide behind inadequate records.
If you turn 65 before July 1, 2013, can you still opt to delay receipt of Old-Age Security (OAS)?
Goodwill can be “eligible capital property” under the Income Tax Act, explains Greer Jacks in this second of two parts on goodwill.
Yes. The government imposes income taxes on non-residents who earn income in Canada and/or dispose of Canadian property.