Jul

GST/HST Collection Rules – Update on Deemed Trust The CRA has vast powers under the Excise Tax Act (ETA) to enforce upon a GST/HST tax debt.  And unlike the Income...

May

Ontario’s  Foreign Home Buyer Tax / Non-Resident Speculation Tax Ontario has introduced a Foreign Home Buyer Tax / Non-Resident Speculation Tax  (“NRST”) effective April 21, 2017. Often referred to as a foreign...

Feb

GST/HST and Real Property Sales Under the Excise Tax Act, it is typically the vendor or seller of a good or service that is liable to the CRA for charging, collecting...

Nov

Specified Corporate Income – CRA Interpretation The CRA recently provided a technical interpretation where it discussed the application of the “specified corporate income” rules as proposed in the 2016 federal budget....

Oct

Principal Residence Exemption for Non-Residents – 2016 Update

Posted By: Bobby B. Solhi on October 6, 2016 at 3:21:43 in All , Articles , News

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Principal Residence Exemption for Non-Residents The following are proposed changes to the Income Tax Act (Canada) to address government concerns about non-residents and their claim of the principal residence exemption.  These...

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