Tax Perspectives

Please note that these publications may not be up-to-date as taxation matters are subject to frequent changes.

PDF Format All Issues Summer 2008 Volume 8, Number 1 The information in Tax Perspectives is prepared for general interest only. Every effort has been made to ensure that the contents are accurate. However, professional advice should always be obtained before acting and TSG member firms cannot assume any liability for persons who act on the basis of information contained herein without professional advice. 2008 Federal Budget By Kim Moody, CA, TEP Moodys LLP (Calgary) On February 26, 2008 the Conservative minority government released its third Federal Budget. While this budget will not be known for its tax "goodies", there were a few proposals worthy of discussion. Some of the usual "tinkering" was evident in the... Some Consequences of Eligible Dividends By W. P. Daye, FCA, TEP Daye & Company (Edmonton) In the Spring 2006 issue of Tax Perspectives, Maureen Cush reviewed the then new rules regarding eligible dividends. That article addressed the mechanics of those rules and the resulting reduced tax rates for eligible dividends. The focus of this article... The European Court of Justice By John Graham, FCA, TEP Graham, Smith and Partners (Amsterdam) Would you be surprised to find that, even if you do not live in the European Union, decisions of the European Court of Justice can impact your taxes? In today's global economy, international tax laws must be considered when investing, doing business... Net Worth Assessments By Grace Chow, CA, TEP Cadesky and Associates LLP (Toronto) Out of the blue, with no advance warning, you receive a letter from the CRA requesting that you provide your personal banking records. This is followed by further requests for other personal information, such as credit card statements, and details of... The Principal Residence Exemption — Three Difficulties That Could Be Costly By Michael Cadesky, FCA, TEP Cadesky and Associates LLP (Toronto) Very few things in life are free. In the world of Canadian taxation, the list is even shorter. One opportunity though, not to be missed, is the principal residence exemption. Subject to certain limitations, the gain from the sale of the principal... In Brief By Howard L. Wasserman, CA, CFP, TEP Cadesky and Associates LLP (Toronto) CRA's Position on Safe Income Calculation In general, safe income is the amount that can be distributed tax-free to a corporate shareholder in the course of reorganization, before a sale. It is often described as the "tax retained earnings". The notion...