Author: Thorsteinssons LLP

Finance Proposes Substantial Changes to Private Corporation Taxation

Published by Thorsteinssons LLP

On July 18, 2017, the Department of Finance released its consultation policy paper on the taxation of private corporations first announced in Budget 2017, along with proposed legislation on some of the topics addressed.

The Minister’s introductory letter acknowledges the…

Murphy’s Law of Tax

Published by Thorsteinssons LLP

Murphy’s Law is, as everyone knows, the proposition that “Anything that can possibly go wrong, does.” There are many variants of this. Among tax practitioners, a well known one is the proposition “There is no equity in a tax statute.”…

Tax Court Agrees with Itself that Trips to Thailand, Indonesia, Cambodia, Vietnam, Malaysia, Philippines, Burma, Ecuador, Venezuela, Honduras, Mexico, Costa Rica and India Qualify for Medical Expense Tax Credits.

Published by Thorsteinssons LLP

In the recent Tax Court case of Trudy Tallon v. the Queen, Woods, J. was asked to rule on travel and transportation medical expenses tax credits claimed under paragraphs 118.2(2)(g) and (h) by the taxpayer in her 2009 taxation year. …