Receiving an Inheritance from a Foreign Country: Canadian Tax Rules
💡The Canada Revenue Agency (CRA) does not charge an inheritance tax, meaning money you inherit from abroad is generally received tax-free. While distributions from a foreign non-resident trust must be…
by lawyerinfo.caJun 30 No commentsPre-Paying Commercial Rent for Tax Deductions in Canada
💡You cannot simply prepay commercial rent to artificially lower your current-year taxes in Canada. The Canada Revenue Agency (CRA) requires businesses to deduct expenses only in the specific year they…
by lawyerinfo.caJun 30 No commentsCanada-US Tax Treaty: Article IV Tie-Breaker Rules for Dual Residents
💡If both the Canada Revenue Agency (CRA) and the American tax authority claim you as a tax resident, Article IV of the Canada-US Tax Treaty provides strict “tie-breaker” rules. These…
by lawyerinfo.caJun 30 No commentsRepatriating Funds from an Offshore Trust to a Canadian Beneficiary
💡Bringing money from an offshore family trust to a Canadian resident beneficiary requires navigating complex CRA anti-avoidance rules. Capital distributions are generally tax-free, but accumulated income is heavily taxed. Filing…
by lawyerinfo.caJun 30 No commentsClaiming Foreign Tax Credits (FTC) for US Withholding Taxes in Canada
💰When you earn dividends from United States stocks in Canada, the US government automatically withholds a 15% tax. To avoid being taxed twice on this same income, you must claim…
by lawyerinfo.caJun 30 No commentsUsing a HELOC to Invest in a Canadian Business: Interest Deductibility
💰In Canada, you can legally deduct the interest paid on a Home Equity Line of Credit (HELOC) if the borrowed funds are used strictly to earn investment or business income.…
by lawyerinfo.caJun 30 No commentsSubdividing a Family Estate in Canada: Tax Implications of Severing Lots
💡Subdividing and transferring a parcel of your large family estate to your children in Canada triggers an immediate deemed disposition at Fair Market Value. Because the Principal Residence Exemption is…
by lawyerinfo.caJun 30 No commentsTax Rules for Demolishing a Rental Property to Build a New One in Canada
💡Demolishing an existing Canadian rental property to build a new one triggers complex CRA tax rules. Under Subsection 13(21.1) of the Income Tax Act, you can only claim 50% of…
by lawyerinfo.caJun 30 No commentsTax Treatment of Selling Agricultural Quota in Canada
💰Selling dairy, poultry, or egg quota in Canada triggers complex tax rules. Since agricultural quota is classified by the Canada Revenue Agency (CRA) as Class 14.1 depreciable property, selling it…
by lawyerinfo.caJun 30 No commentsBare Trusts for Parents Co-Signing a Child’s Mortgage in Canada
💬If you co-signed a mortgage to help your child buy a home and were added to the property title purely for financing purposes (without having real beneficial ownership), you have…
by lawyerinfo.caJun 30 No commentsMoving to Another Canadian Province During an Active Bankruptcy
🚚Under the federal Bankruptcy and Insolvency Act (BIA), you are completely free to move to another Canadian province during an active bankruptcy. However, you must immediately inform your Licensed Insolvency…
by lawyerinfo.caJun 29 No commentsProperty Tax Arrears and Municipal Tax Sales in Canadian Bankruptcy
💡In Canada, municipal property taxes form a super-priority lien on your real estate and are not wiped out by filing for bankruptcy or a consumer proposal. However, filing for insolvency…
by lawyerinfo.caJun 29 No commentsWSIB and Provincial Workers Compensation in Canadian Bankruptcy
💡In Canada, provincial workers’ compensation payouts (such as WSIB in Ontario or WorkSafeBC in British Columbia) are generally exempt from being seized by a Licensed Insolvency Trustee during bankruptcy. However,…
by lawyerinfo.caJun 29 No commentsLife Leases for Seniors: Asset or Liability in Bankruptcy?
🏠In Canada, the upfront entrance fee of a senior’s life lease represents significant equity and is treated as a major asset during insolvency. If this equity exceeds your provincial principal…
by lawyerinfo.caJun 29 No commentsLiving in a Hotel or Motel Long-Term While Filing for Bankruptcy
🏨You do not need a permanent residential lease to file for bankruptcy in Canada; living in a hotel, motel, or shelter is perfectly acceptable. However, you must establish provincial residency…
by lawyerinfo.caJun 29 No commentsAdverse Possession (Squatters Rights) and Bankruptcy Real Estate
⚠If you have established adverse possession (squatter’s rights) over a piece of land in Canada, you hold a tangible legal property interest. When you file for bankruptcy, this un-titled legal…
by lawyerinfo.caJun 29 No commentsCMHC Mortgage Insurance Recovery Tactics After Foreclosure
💡If your home is sold under a power of sale and there is a financial shortfall, CMHC will compensate the bank and aggressively pursue you for the difference. Fortunately, a…
by lawyerinfo.caJun 29 No commentsCo-Signing a Mortgage for Your Child Before Filing Bankruptcy
💡If you co-signed a mortgage to help your child buy a home and later file for bankruptcy, your legal name is on the title. A Licensed Insolvency Trustee (LIT) may…
by lawyerinfo.caJun 29 No commentsProvincial Land Transfer Tax Arrears and Bankruptcy
💡If you are audited by a provincial ministry and hit with a massive Land Transfer Tax (LTT) bill you cannot pay, this debt can generally be wiped out by filing…
by lawyerinfo.caJun 29 No commentsEqualization Payments and Bankruptcy in Canada (Section 178 BIA)
💰Under Section 178 of the federal Bankruptcy and Insolvency Act, child and spousal support debts survive bankruptcy and must be paid. However, an equalization payment (the division of marital property)…
by lawyerinfo.caJun 29 No commentsCan a Storage Locker Facility Auction Your Goods During Bankruptcy?
📦Filing for bankruptcy in Canada triggers an automatic stay of proceedings, which stops a self-storage facility from auctioning your goods for past-due arrears. However, if you fail to pay the…
by lawyerinfo.caJun 29 No comments
Popular & AI Tools
⚖️ Lawyers to Help You in Canada
👨⚖️ Borden Ladner Gervais LLP – Montreal, QC
🎯 Specialization: Class Actions, Mergers and Acquisitions, Intellectual Property, Securities Regulation
🗣️ Languages: English, French
📍 Address: 1000 Rue De la Gauchetière O, Montreal, Quebec
🏢 Est: 1823
👨⚖️ Metus Lykos Debt Law – Markham, ON
✨ Free Consultation
🎯 Specialization: Debt Settlement, CRA Tax Disputes, Creditor Lawsuit Defence, Lien Removal
🗣️ Languages: English
📍 Address: 7800 Woodbine Ave, Markham, Ontario
🏢 Est: 1997
👨⚖️ U.S. Tax Law – Oakville, ON
🎯 Specialization: U.S. Tax Amnesty, Renunciation of Citizenship, Cross-Border Tax Planning, IRS Audits
🗣️ Languages: English
📍 Address: 550 Speers Rd, Oakville, Ontario
🏢 Est: 2013
👨⚖️ Spiegel Ryan – Montreal, QC
🎯 Specialization: Tax Litigation, Corporate Restructuring, Intellectual Property, Estate Planning
🗣️ Languages: English, French
📍 Address: 1255 Peel St, Montreal, Quebec
🏢 Est: 1967
👨⚖️ Jean Fortin – Syndic de faillite – Brossard – Brossard, QC
✨ Free Consultation
🎯 Specialization: Consumer Proposals, Personal Bankruptcy, Debt Counselling
🗣️ Languages: French, English
📍 Address: 6200 Bd Taschereau, Brossard, Quebec
🏢 Est: 1984
👨⚖️ Mercier Droit Fiscal – Montreal, QC
🎯 Specialization: Tax Litigation, Voluntary Disclosure, CRA Audits, Directors Liability
🗣️ Languages: English, French
📍 Address: 7813 Rue Saint-Denis, Montreal, Quebec
👨⚖️ Gowling WLG – Hamilton, ON
🎯 Specialization: Corporate Mergers, Intellectual Property, Commercial Real Estate, Employment Law
🗣️ Languages: English, French
📍 Address: 1 Main St W, Hamilton, Ontario
🏢 Est: 1995
👨⚖️ Moodys Private Client Law LLP – Toronto, ON
🎯 Specialization: Renunciation of US Citizenship, Cross-Border Tax Planning, US Immigration Visas, Estate Planning,…
🗣️ Languages: English
📍 Address: 150 York St Suite 1008, Toronto, Ontario
🏢 Est: 2021
👨⚖️ Affilia Legal LLP – Montreal, QC
🎯 Specialization: International Trade, Customs Law, Cross-Border Mergers, IP Protection, Commercial Arbitration
🗣️ Languages: English, French, Spanish, German, Portuguese, Arabic, Mandarin, Italian
📍 Address: 2020 Blvd Robert-Bourassa, Montreal, Quebec
🏢 Est: 2008
👨⚖️ Blake, Cassels & Graydon LLP – Calgary, AB
🎯 Specialization: Mergers and Acquisitions, Capital Markets, Energy Law, Competition and Antitrust
🗣️ Languages: English, French, German, Mandarin, Spanish
📍 Address: 855 2 St SW, Calgary, Alberta
🏢 Est: 1856
🏛️ Relevant Courts & Agencies in Canada
🏛️ Newmarket Federal Crown Office – Newmarket, ON
⚙️ Services: Federal Prosecution, Drug Prosecution Team, Regulatory Compliance
📍 50 Eagle St W, Newmarket, Ontario
🏛️ Supreme Court of Canada – Ottawa, ON
📅 Appt. Recommended
⚙️ Services: Supreme Court Judgments, Case Files, Leave Applications, Hearing Transcripts
📍 301 Wellington St, Ottawa, Ontario
🏛️ Federal Court of Canada – Ottawa, ON
📅 Appt. Recommended
⚙️ Services: Court Orders, Judgments, Hearing Lists, Case Summaries
📍 90 Sparks St., Ottawa, Ontario
🏛️ Courts Administration Service – Edmonton, AB
🚶 Walk-ins Welcome
⚙️ Services: Federal Court Records, Certified Copies, Registry Filings
📍 10060 Jasper Ave, Edmonton, Alberta
🏛️ Courts Administration Service – Calgary, AB
🚶 Walk-ins Welcome
⚙️ Services: Court Records, Certified Copies, Registry Filings
📍 635 8 Ave SW, Calgary, Alberta
🏛️ Canadian Human Rights Tribunal – Ottawa, ON
📅 Appt. Recommended
⚙️ Services: Tribunal Decisions, Case Records
📍 240 Sparks St., Ottawa, Ontario
🏛️ Immigration and Refugee Board of Canada – Montreal, QC
⚙️ Services: Refugee Protection Division, Immigration Appeal Division, Immigration Division, Refugee Appeal Division
📍 200 René-Lévesque Blvd W, Montreal, Quebec
🏛️ Immigration, Refugees and Citizenship Canada (IRCC) – Kitchener, ON
⚙️ Services: Citizenship Certificates, Permanent Residence Confirmation
📍 29 Duke St E, Kitchener, Ontario
🏛️ Canada Revenue Agency – Laval, QC
⚙️ Services: Corporate Tax Audits, Payroll Compliance, GST/HST Rulings, Notice of Objection, Voluntary Disclosure
📍 3400 Avenue Jean-Béraud, Laval, Quebec
⚖️ 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
