Tax Tips Blog

Home Office Expenses Deductibility For Business

Background: Base on gross business income earned, home office business expenses may be deducted from business income. The business expenses that are allowed to be deducted, among other, include the prorated portion of rent, capital cost allowance, property insurance, property taxes, mortgage interest, and...

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Ludmer c. Attorney General of Canada, 2018 QCCS 3381 (CanLII)- Court awarded damages for Taxpayer for abusive audit by CRA

Summary : In 2005, the Canadian Revenue Agency (CRA) launched the Related Party Initiative (RPI), more commonly referred to as the High-Net-Worth Project or the Billionaire’s Audit. The objective of the RPI is to target high net worth individuals who have been identified by...

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The execution of the work by the sole director and shareholder of the corporation does not necessarily carry his personal liability

The execution of the work by the sole director and shareholder of the corporation does not necessarily carry his personal liability.L’exécution des travaux par l’actionnaire et administrateur unique de la société n’entraîne pas nécessairement sa responsabilité personnelle.Lemay c. Plomberie Cible X inc., 2013 QCCQ...

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