Spousal Rollover (Section 73): Transferring Capital Property Tax-Free in Canada
🏡Under Section 73 of the Canadian Income Tax Act, you can transfer investments or real estate to your spouse without triggering immediate capital gains tax. This automatic ‘rollover’ transfers the…
by lawyerinfo.caJul 3 No commentsPaying Dividends with Borrowed Money: Interest Deductibility Rules in Canada
💰In Canada, a corporation can generally deduct interest expenses on a loan used to pay a dividend, provided the dividend does not exceed the company’s accumulated profits (retained earnings). This…
by lawyerinfo.caJul 3 No commentsAsset-Backed Commercial Paper (ABCP): Structuring Corporate Debt in Canada
💡Asset-Backed Commercial Paper (ABCP) is a short-term corporate debt instrument in Canada, typically maturing in under 365 days. Large corporations pool illiquid assets (like auto loans or mortgages) into a…
by lawyerinfo.caJul 3 No commentsStructuring a First Nations Business on Reserve Lands in Canada
🏨Under Section 87 of the Indian Act, a sole proprietorship owned by a Status Indian operating on a reserve is generally tax-exempt. However, a corporation is a separate legal entity…
by lawyerinfo.caJul 3 No commentsCan a Canadian Company Lend Money Interest-Free to its Owners?
⚠️Under Section 15(2) of the Income Tax Act, a Canadian corporation cannot lend money interest-free to a shareholder indefinitely. If the loan is not fully repaid within one year after…
by lawyerinfo.caJul 3 No commentsGST/HST Exemptions for Private Tutoring in Canada
💡In Canada, private tutoring services are generally exempt from GST/HST if the instruction strictly follows a provincial school curriculum. If your lessons qualify, you do not need to charge clients…
by lawyerinfo.caJul 3 No commentsMedical Expense Tax Credit Exemptions: Cosmetic vs Reconstructive Surgery in Canada
💡The CRA strictly prohibits claiming purely cosmetic procedures (like Botox or liposuction) under the Medical Expense Tax Credit (METC). You can only legally claim reconstructive surgery if it is required…
by lawyerinfo.caJul 3 No commentsTax Deductibility of Surrogacy and Fertility Treatments in Canada
💡In Canada, intended parents can claim expenses for in vitro fertilization (IVF), donor sperm/eggs, and surrogate medical costs under the Canada Revenue Agency (CRA) Medical Expense Tax Credit (METC). These…
by lawyerinfo.caJul 3 No commentsCan an Employer Legally Claw Back a Signing Bonus in Canada?
💰Generally, an employer in Canada can legally claw back a signing bonus if your employment contract includes a clear retention clause and you resign before that period ends. However, navigating…
by lawyerinfo.caJul 3 No commentsCan You Legally Expense Golf Green Fees or Country Club Memberships in Canada?
💡Under the Canadian Income Tax Act, business owners cannot legally expense golf green fees, country club memberships, or yacht club dues. Even if you use the facility exclusively to entertain…
by lawyerinfo.caJul 3 No commentsCan You Legally Deduct a Security Dog as a Business Expense in Canada?
💡The CRA strictly limits the deduction of a security dog to highly specific businesses-such as junkyards, auto wreckers, or large agricultural farms-where a guard dog is a necessary security measure…
by lawyerinfo.caJul 3 No commentsLiquidated Damages Clauses in B2B Contracts: Tax and Legal Enforcement in Canada
💡In Canada, liquidated damages clauses in B2B contracts are generally enforceable if they represent a genuine pre-estimate of financial loss. If a court views the clause as a punishment designed…
by lawyerinfo.caJul 3 No commentsHeritage Property Tax Credits and Deductions in Canada
💡Commercial property owners who restore designated historical buildings in Canada can access lucrative tax incentives. Generally, municipalities offer heritage property tax rebates of up to 40%, while the Canada Revenue…
by lawyerinfo.caJul 3 No commentsCCA Class 50: Depreciating Computer Software and Apps in Canada
💡In Canada, Class 50 Capital Cost Allowance (CCA) allows businesses to depreciate general-purpose computer equipment and systems software at a standard rate of 55% on a declining balance basis, though…
by lawyerinfo.caJul 3 No commentsKey Money and Lease Premiums: Tax Treatment for Canadian Landlords
💡When a commercial landlord in Canada demands upfront “key money” to grant a lease in a high-demand location, the CRA generally treats this entirely as fully taxable rental income, not…
by lawyerinfo.caJul 3 No commentsSolar Panels and Wind Turbines on Canadian Farms: Tax and CCA Rules
💡Canadian farmers investing in renewable energy like solar panels and wind turbines can drastically lower their taxes. Under the newly reinstated immediate expensing rules in Class 43.1, agricultural businesses can…
by lawyerinfo.caJul 3 No commentsTaxation of Tenant Improvements (Leasehold Improvements) in Canada
💡When a business pays to upgrade a rented commercial space in Canada, the Canada Revenue Agency (CRA) does not allow you to deduct the entire cost in one year. Instead,…
by lawyerinfo.caJul 3 No commentsRetroactive Disability Tax Credit (DTC) Claims for Canadian Families
💡The Disability Tax Credit (DTC) allows eligible Canadians to claim a non-refundable tax credit to reduce their income tax. Crucially, if you have lived with the impairment for years, the…
by lawyerinfo.caJul 3 No commentsCanada Caregiver Credit: Tax Rules for Supporting Adult Children or Parents
💡The Canada Caregiver Credit (CCC) is a non-refundable federal tax credit that directly reduces your tax payable rather than your taxable income. It is calculated using the lowest federal tax…
by lawyerinfo.caJul 3 No commentsTimber Limits and Woodlot Tax Deductions in Canada
🌲Operating a commercial woodlot in Canada allows you to claim timber depletion allowances against your logging income. Furthermore, if the Canada Revenue Agency (CRA) classifies your commercial woodlot as a…
by lawyerinfo.caJul 3 No commentsTaxation of Initial Franchise Fees for Canadian Franchisees
💡In Canada, the hefty initial franchise fee you pay to open a new location is not a fully deductible current expense. For franchises with a limited term, the Canada Revenue…
by lawyerinfo.caJul 3 No comments
Popular & AI Tools
⚖️ Lawyers to Help You in Canada
👨⚖️ Carscallen LLP – Calgary, AB
🎯 Specialization: Cannabis Law, Oil and Gas Law, Indigenous Law, Securities and Corporate Finance,…
🗣️ Languages: English, French, Hindi, Punjabi, Tagalog, Vietnamese
📍 Address: 332 6 Ave SW, Calgary, Alberta
🏢 Est: 1988
👨⚖️ Dominion Tax Law – Toronto, ON
🎯 Specialization: Voluntary Disclosures, Cross-Border Tax, Estate Planning
🗣️ Languages: English
📍 Address: 120 Adelaide St W Suite 2500, Toronto, Ontario
🏢 Est: 2012
👨⚖️ Dentons – Montreal, QC
🎯 Specialization: Venture Technology, Banking and Finance, Infrastructure and PPP, Tax Planning
🗣️ Languages: English, French
📍 Address: 1 Place Ville-Marie, Montreal, Quebec
🏢 Est: 1905
👨⚖️ DBH Law – Calgary, AB
🎯 Specialization: Oil and Gas Law, Estate Litigation, Commercial Leasing, Personal Injury
🗣️ Languages: English
📍 Address: 1015 4 St SW, Calgary, Alberta
🏢 Est: 1990
👨⚖️ Wilson Vukelich LLP – Markham, ON
🎯 Specialization: Tax Dispute Resolution, Mergers and Acquisitions, Commercial Real Estate, Insolvency and Restructuring,…
🗣️ Languages: English
📍 Address: 60 Columbia Way, Markham, Ontario
🏢 Est: 1990
👨⚖️ Beitel Tax Law – Toronto, ON
🎯 Specialization: CRA Dispute Resolution, Owner-Manager Tax Issues, Net Worth Audits, Tax Litigation
🗣️ Languages: English
📍 Address: Suite 1000, 390 Bay St., Toronto, Ontario
🏢 Est: 2023
👨⚖️ LaBarge Weinstein LLP – Vancouver, BC
🎯 Specialization: Venture Capital Financings, Mergers and Acquisitions, Technology Licensing, Corporate Tax Planning
🗣️ Languages: English
📍 Address: 321 Water St, Vancouver, British Columbia
🏢 Est: 1997
👨⚖️ Law Offices of Ian Gavaghan B.A., LL.B., M.B.A. – Kingston, ON
🎯 Specialization: Small Business Law, Intellectual Property, Real Estate Closings, Incorporations
🗣️ Languages: English
📍 Address: 294 Elliott Ave, Kingston, Ontario
🏢 Est: 1988
👨⚖️ Fiscalité Groupe Conseils Sirois Inc. – Laval, QC
🎯 Specialization: Cannabis Licensing, Health Canada Regulations, Tax Consulting, Business Startups
🗣️ Languages: English, French
📍 Address: 3090 Boulevard le Carrefour, Laval, Quebec
👨⚖️ Island IP Law – Nanaimo, BC
🎯 Specialization: Patent Law, Trademarks, Copyright Registration, IP Licensing, Entertainment Law
🗣️ Languages: English
📍 Address: 41 Commercial St, Nanaimo, British Columbia
🏛️ Relevant Courts & Agencies in Canada
🏛️ Courts Administration Service – Edmonton, AB
🚶 Walk-ins Welcome
⚙️ Services: Federal Court Records, Certified Copies, Registry Filings
📍 10060 Jasper Ave, Edmonton, Alberta
⚖️ Royal Canadian Mounted Police (RCMP) "D" Division – Winnipeg, MB
🚶 Walk-ins Welcome
⚙️ Services: Federal Policing, Major Crimes Unit, Traffic Services, Operational Communications Centre
📍 1091 Portage Ave, Winnipeg, Manitoba
🏛️ Courts Administration Service – Calgary, AB
🚶 Walk-ins Welcome
⚙️ Services: Court Records, Certified Copies, Registry Filings
📍 635 8 Ave SW, Calgary, Alberta
🏛️ Indigenous and Northern Affairs Canada – Gatineau, QC
📅 Appt. Recommended
⚙️ Services: Secure Certificate of Indian Status, Treaty Annuity Payments, Estate Services
📍 10 Rue Wellington, Gatineau, Quebec
🏛️ Courts Administration Service – Montreal, QC
📅 Appt. Recommended
⚙️ Services: Court Records, Judgments, Orders, Writs of Seizure, Certified Copies
📍 30 McGill St, Montreal, Quebec
🏛️ Canadian Human Rights Tribunal – Ottawa, ON
📅 Appt. Recommended
⚙️ Services: Tribunal Decisions, Case Records
📍 240 Sparks St., Ottawa, Ontario
🏛️ Canada Federal Court-Appeal – Edmonton, AB
🚶 Walk-ins Welcome
⚙️ Services: Appellate Court Records, Judgments, Transcripts
📍 10060 Jasper Ave, Edmonton, Alberta
⚖️ Lethbridge Area Parole – Lethbridge, AB
⚙️ Services: Community Corrections, Parole Supervision, Offender Reintegration
📍 704 4 Ave S, Lethbridge, Alberta
🏛️ Federal Court – Toronto, ON
📅 Appt. Recommended
⚙️ Services: Registry Office, Judicial Review, Admiralty Court
📍 180 Queen St W, Toronto, Ontario
🏛️ Canada Place – Edmonton, AB
📅 Appt. Recommended
⚙️ Services: Social Insurance Number, Canadian Passport, Employment Insurance, Canada Pension Plan
📍 9700 Jasper Ave, Edmonton, Alberta
