Tags » Income Tax Act

IRAS issues updated e-Tax Guide, “Tax Treatment of Director’s Fees and Bonuses from Employment (2nd Edition)

15 September 2014

This e-Tax Guide which was published on 12 September 2014 explains the tax treatment of director’s fees and bonuses from employment.

The following has been updated in this edition: 108 more words

Latest Tax News

Devon Can. v. R. – TCC: Mixed success in Crown’s motion to strike portions of Notice of Appeal – Large Corporation Rule.


Devon Canada Corporation v. The Queen (August 29, 2014 – 2014 TCC 255) involved the Crown’s attempt to strike portions of the Notices of Appeal of Devon Canada Corporation on the basis that the issues had not been raised in its underlying Notices of Objection and therefore offended what is often referred to as the Large Corporation Rule. 1,571 more words

Tax Litigation

Elbadawi v. T. – TCC: Court sustains benefit assessments against principal shareholder but not wife and only partially against son.


Elbadawi v. The Queen (August 27, 2014 – 2014 TCC 259) is a somewhat lengthy (65 paragraph) decision arising out of a ten day trail where the principal appellant conducted the case personally both for himself and his wife and son. 832 more words

Tax Litigation

Ochitwa v. R. – TCC: Taxpayer not entitled to deduction for child support under multiple child offset arrangement.


Ochitaw v. The Queen (September 2, 2014 – 2014 TCC 263) is an arcane decision that illustrates the complexity of some aspect of the treatment of child support under the… 709 more words

Tax Litigation

McDermid v. R. – TCC: Taxpayer entitled to disability tax credit for son but not daughter.


McDermid v. The Queen (September 3, 2014 – 2014 TCC 264) was a case involving a taxpayer with two special needs children.

Both children were given psychoeducational assessments by Dr. 426 more words

Tax Litigation

Imoh v. R. – TCC: Tax Court disallows another round of bogus charitable receipts.


Imoh v. The Queen (August 26, 2014 – 2014 TCC 258) was another in what seems to be a long string of decisions involving bogus charitable receipts: 156 more words

Tax Litigation