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 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 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...

Maximizing The Small Business Deduction: Preventing Corporations from Being Associated Barrett Tax Law The Small Business Deduction.  The government giveth a wondrous gift, but if you’re not careful, they taketh back. In Ontario, there are preferential tax rates that apply to a corporation’s profits when certain criteria are met. One...

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...

When a non-resident of Canada earns income from a rental property or disposes of a real property in Canada, the tenant or purchaser may be required to withhold certain amount of tax which is usually 25% and remit that to the Canada Revenue Agency (CRA). This article will focus on...