Red Flags for Tax Audits
Millions of employees forced to work from home because of COVID-19 turned their bedrooms, basements, and kitchens into workspaces. In doing so,… Read more
Category: General
Twelve Rules that Protect the Tax Collector
Tax rules protect the Tax Collector. They are not intended to protect taxpayers. Taxpayers who do not comply with the rules lose… Read more
Beware the Taxman Seeking Your Privileged Information
There are very few rules in tax law that protect taxpayers. Most are written to protect the Canada Revenue Agency and the… Read more
Is The Principal Residence an Endangered Species?
The government is desperate for money and is on the search for new sources of revenues to finance its deficits. In anticipation… Read more
Tax Court is Not a Court of Equity
Behavioural economists advise that spending money, such as paying taxes, has psychological cost – the pain of paying. What they do not… Read more
File Your Tax Return on Time and Stay Safe
Spring is the season to reflect on what we pay for through our taxes. We have a new federal Budget coming on… Read more
Stock Traders Beware of Tax Traps: The Taxman Cometh
“When there is an income tax, the just man will pay more and the unjust less on the same amount of income”…. Read more
The Legacy of Al Capone in Tax Law
By: Vern Krishna, CM, QC – Counsel, Tax Chambers LLP (Toronto) Even in death, Alphonse (Al) Capone’s legacy in tax law thrives… Read more
Shareholder Liability for Corporate Taxes
By: Vern Krishna, CM, QC – Counsel, Tax Chambers LLP (Toronto) One of the early considerations in setting up a business is… Read more
Fines and Penalties
By: Professor Vern Krishna, CM, QC, FRSC, FCPA Section 67.6: “In computing income, no deduction shall be made in respect of any… Read more
