Andy Gill

June 24, 2022

Taxpayer hit with a TFSA over contribution penalty takes the CRA to court

Jamie Golombek: CRA can cancel penalty if it determines overcontribution a ‘reasonable error,’ withdrawn ‘without delay’ Despite the flexibility of the tax-free savings account (TFSA), from […]
June 4, 2022

Cash may be king, but it can cause headaches if the taxman denies your claims

Jamie Golombek: With no records, the burden of proof is certainly higher as this ‘independent spirit’ from PEI found out It’s often said that cash is […]
May 26, 2022

The top reasons why the CRA may review or audit tax returns

Are you a professional financial advisor? Register for Globe Advisor and then sign up for the new weekly newsletter on our newsletter sign-up page. Get exclusive investment industry news […]
May 26, 2022

The case of the taxpayer who was dinged with a taxable benefit for taking a business trip

Almost four in 10 mortgage holders are going to receive a crash course in the economics of rising interest rates. A Calgary ‘land flipper’ was handed […]
May 18, 2022

Tax Tips and Traps 138, 2022 – 2nd Quarter

Tax Tidbits Some quick points to consider… The luxury tax affecting new vehicles and aircraft retailing for more than $100,000 and new boats over $250,000 has […]
April 25, 2022

Who should worry about the wave of rate increases this year, who shouldn’t and what every stressed-out borrower should do right now

Almost four in 10 mortgage holders are going to receive a crash course in the economics of rising interest rates. A Calgary ‘land flipper’ was handed […]
April 15, 2022

What you need to know about the tax consequences of earning and spending loyalty points

If your points come from either business travel or using a personal credit card to pay for business expenses, you need to be aware of the […]
April 15, 2022

Federal Budget Commentary 2022

On April 7, 2022, the Deputy Prime Minister and Finance Minister, the HonourableChrystia Freeland, presented Budget 2022: A Plan to Grow Our Economyand Make Life More […]
April 9, 2022

Jamie Golombek: What tax changes might be coming up in the federal budget

You might want to act now on at least one of these potential changes A Calgary ‘land flipper’ was handed a 15-month conditional sentence and a […]