Jan. 31, 2025 - First published by the Canadian Tax Foundation in (2024) 72:4 Canadian Tax Journal. Treaty Provides Unique Benefits To Canadians Migrating To The United States Canadians who emigrate to the United States or elsewhere face many decisions and considerations...
Announcement
Christopher Anderson on Recent Budget Announcements in Canadian Lawyer Magazine
In an interview with Canadian Lawyer Magazine, Christopher Anderson discusses some of the potential implications of the 2024 federal budget, including the effect the rise in capital gains tax may have on investments in Canada and the financial impact on Canadian doctors who incorporate their practices to level the playing field earnings-wise with their U.S. counterparts. On the plus side, real estate investors will now be able to deduct their entire interest expense when investing in purpose-built rental housing.
Related
Federal Court of Appeal Confirms CRA Can Collect Arrears Interest Despite Absence of a Tax Debt
Dec. 04, 2024 - The Federal Court of Appeal (FCA) recently dismissed the Bank of Nova Scotia’s (BNS) appeal and upheld the Canada Revenue Agency’s (CRA) practice of charging arrears interest on a non-existent tax debt where audit adjustments increase taxable income that is offset by the carryback of a loss...
