Input Tax Credit for Holding Companies

Posted By: Bobby B. Solhi on December 12, 2012 at 6:39:34 in All

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Input Tax Credit for Holding Corporation: Subsection 186(1) Section 186 of the Excise Tax Act (“ETA”)[1] allows a Canadian holding corporation to claim input tax credits for GST/HST paid on...


By Sunita Doobay LL.B., LL.M., TEP, TaxChambers LLP, Toronto On the 11th of November, 2012, the Government of Canada signed a tax treaty (“Treaty”) with Hong Kong. The treaty will...


Be Careful How You Give to Charity

Posted By: Sunita D. Doobay on December 5, 2012 at 4:36:21 in All , Articles , News

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See Vern Krishna’s latest article in the National Post on the tax implications of charity donations.  ...


TFSA contribution limit increased to $5,500 for 2013

Posted By: Bobby B. Solhi on November 26, 2012 at 3:12:23 in All , News

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Department of Finance Canada has increased the Tax-Free Savings Account (TFSA) annual contribution limit to $5,500 for the 2013 taxation year. This is the first time the contribution limit has...


By: Jonathan N. Garbutt & Jonathan Crangle The Canada Revenue Agency (CRA) is resorting to a new tactic in its fight against tax abuse via charitable tax shelters—withholding taxpayers’ tax...

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