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Support Payments as Deductible Expenses and Taxable Income

By Martina Caunedo   This memorandum is intended to provide information regarding the deductibility of support payments as expenses for the payor and their taxation as income for the recipient.   Support payments are deductible expenses for the payor and taxable income for the recipient when the following requirements outlined...

Victim Surcharge – Section 737 of the Criminal Code

Victim Surcharge – Section 737 of the Criminal Code By Matthew Rochester Introduction This memo seeks to identify how a defendant can successfully apply for exemption to the imposition of a victim surcharge under section 737 of the Criminal Code. Exceptions under statute will allow offenders on application, or the...

Intercompany Loans: Mitigating Tax Risks under Canadian Law

Intercompany Loans: Mitigating Tax Risks under Canadian Law By Dale Barrett Navigating the business landscape is no easy task, particularly when it comes to intercompany loans between corporations with a common owner. If you are a business owner who owns multiple companies but each entity does not hold shares in...

Directors’ Liability and Section 160 Assessments

Directors can be held liable for a corporation’s debt Under Canadian tax law, directors of a corporation can be held personally liable for certain components of a corporation’s tax debt which the corporation cannot pay, such as in the case of an insolvency. Generally speaking, corporations are required to collect...
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