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Using Tax Havens to Avoid Paying Taxes - Worth the Risk?
This publication is intended to inform Canadians about the risks and consequences of using bank secrecy jurisdictions, commonly known as tax havens, to avoid paying taxes, and to explain what the Canada Revenue Agency (CRA) is doing to fight the abusive use of tax havens. ... more
2009 Automobile Deductions Limits and Rates
The automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit will apply in 2009 as follows ... more
Non Resident Capital Property Dispositions
An individual owning capital property in Canada but a resident for tax purposes of another country is subject to Canadian income tax upon the sale, transfer or deemed disposition of this property. Capital property is immovable land and buildings such as cottages, summer homes or vacant land. The non-resident before they can sell or transfer the property must request an authorization certificate from the tax authorities in Canada before the property can change hands ... more
Tax Shelter Donations Arrangements
The Canada Revenue Agency (CRA) reminds investors that the proposed legislative changes announced by the Department of Finance on December 5, 2003, to limit the tax benefits of charitable donations made under tax shelter and other arrangements, are effective throughout the 2004 tax year ... more