Blogs about: Income Tax Act

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Should you accept a gift from a family member?

Transform Consulting wrote 13 hours ago: Written by Jenny Okonkwo Remember when we were children, our parents always taught us not to accept … more →

Tags: Tax Talk, Business Owner, CRA, Entrepreneurs, Family Members, gifts, Income Tax, Incorporated, Small Business

Argent Energy Trust

jackbassteam wrote 6 days ago: Schematic E-W section showing the Eagle Ford Shale among the geological strata beneath the DFW Metro … more →

Tags: Eagle Ford, fracking, argent, Canada, Eagle Ford Formation, eagleford, Income Tax, united states, West Texas Intermediate

Tax Clarifications For Your Multiple House Property Investments

chenoyceiladvocate wrote 1 month ago: If you are wondering how many residential properties you can own? Well, legally speaking, there are … more →

Tags: Tax, tax deduction, Direct Taxes Code, rental value, Gross annual value, house, chenoy ceil, chenoyceiladvocate, Advocate

Factors to keep in mind for a Freelance Engineering Consultant working for Indian and Foreign clients

CA Priyanka Srivastava wrote 1 month ago: One of the oft repeated queries that I receive from clients is related to the tax and other governme … more →

Tags: Taxes & More, Accounting & Auditing, Start Ups and SMEs, Service Tax, Knowledge Tank, Advance Tax, directtax, Income Tax, service tax

Disability is not infirmity! Disability requires a prescribed form |Infirmity, a letter

TaxDetective® wrote 2 months ago: These are two separate concepts. Disability. Infirmity. One does not preclude the other, but one doe … more →

Tags: RDSP update, tax preparer, Tax Law, Disability, Infirmity, tax credit, Tom Devaney, Income Tax, caregiver

Is your charity involved in political activities? Not sure?

Centre for Public Legal Education Alberta wrote 2 months ago: Is your charity involved in political activities? Not sure? For a registered charity to maintain reg … more →

Tags: yeg orgs, Canada Revenue Agency, registered charities

National Hockey Day back on Parliament's agenda — for now

Tobi Cohen wrote 2 months ago: OTTAWA — It’s been tried twice before but maybe this time Canada will finally get its National … more →

Tags: National, Sports 4, Hockey, Stephen Harper, NDP, Conservatives, EI, Private Member's Bill, Paul Dewar

Computer Misuse (Amendment) Act 2013 in operation from 13 March 2013

taxsg wrote 2 months ago: 22 March 2013 The Computer Misuse (Amendment) Act 2013 (Commencement) Notification 2013 was publishe … more →

Tags: Goods and Services Tax, e-Gazette, Legislative Updates, Computer Misuse Act, goods and services tax act, cybersecurity

Shiva Worship Not A Religious Act!

ramanan50 wrote 3 months ago: The IT Commissioner of IT, Nagpur Appellate Tribunal  averred that worship of Lord Shiva,Hanuman and … more →

Tags: Hinduism, India, Vedas, Law, Income Tax, offbeat, Shiva, Nagpur, HINDU TEMPLE

Learn How to Lodge a Service-Related Complaint with the CRA2 comments

The Urban Daddy wrote 3 months ago: Taxation. (Photo credit: kardboard604)Have you ever had an issue with the Canada Revenue Agency whic … more →

Tags: CRA, Canada Revenue Agency, Canada, Service, Canada Revenue Agency, Hazel Feldman, service complaint, rc4420, rc159

Deemed Ownership and Taxation of Rental Income1 comment

CA Priyanka Srivastava wrote 3 months ago: “Income from House Property” is one of the five sources of income on which an assessee i … more →

Tags: Taxes & More, House Property & Capital Gains, Knowledge Tank, Tax, Income Tax, hindu undivided family, Renting, Income, Property

Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2013 passed

taxsg wrote 3 months ago: 25 February 2013 The Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2013, fi … more →

Tags: e-Gazette, Legislative Updates, Economic Expansion Incentives (Relief from Income Tax) , Economic Expansion Incentives (Relief from Income Tax)

Income Tax (Approved Banks) Order 2013 deemed to have come into operation on 30 November 2012 (S 90/2013)

taxsg wrote 3 months ago: 21 February 2013 The Income Tax (Approved Banks) Order 2013 was published on 19 February 2013 and is … more →

Tags: e-Gazette, Approved banks, Income Tax (Approved Banks) Order

What is an automobile?

James Piper, CPA, CA wrote 4 months ago: Friday, February 15, 2013 Case Citation Myrdan Investments Inc v. The Queen (2013 TCC 35) [TCC] [Can … more →

Tags: employee benefit, 2013, 248(1) “automobile”, ITA 15(1), ITA 6(1)(e), ITA 6(1)(k), ITA 6(2), Shareholder Benefit, Tax Court of Canada

Unreported Income, Gross Negligence Penalty

James Piper, CPA, CA wrote 4 months ago: Thursday, February 14, 2013 Case Citation Murugesu v. The Queen (2013 TCC 21) [TCC] [CanLII] Summary … more →

Tags: penalties, 2013, ITA 15(1), ITA 163(2), Tax Court of Canada, unreported income

For Lack of Evidence Allowable Business Investment Loss Denied

James Piper, CPA, CA wrote 4 months ago: Wednesday, February 13, 2013 Case Citation Stinson v. The Queen (2013 TCC 22) [TCC] [CanLII] Summary … more →

Tags: capital gain losses, 2013, Abil, CCPC, ITA 39(c), ITA 50(1), Tax Court of Canada

Defence of Director’s Liability, De facto Director?

James Piper, CPA, CA wrote 4 months ago: Tuesday, February 12, 2013 Case Citation Chell v. The Queen (2013 TCC 29) [TCC] [CanLII] Summary Sec … more →

Tags: Excise Tax Act, Directors Liability, Tax Court of Canada, 2013, ITA 227.1, ETA 323

IT department to enquire PAN Holders not filing IT Returns

ganeshproeza wrote 4 months ago: “In a stern warning to those not paying taxes, the Income Tax Department today said it is send … more →

Tags: Income Tax

Capital Gain Taxable, Tax Year Not Statute-Barred

James Piper, CPA, CA wrote 4 months ago: Sunday, February 10, 2013 Case Citation Estate of the Late Catherine M. Roud v. The Queen (2013 TCC … more →

Tags: capital gain losses, Tax Court of Canada, 2013, ITA 152(4), statute barred


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