Articles

Articles

When Can’t Parents Disinherit Their Children?

One of the main reasons for writing a Will is to ensure that your estate is distributed according to your wishes. In some instances parents have determined that, for their own reasons, they wish to limit or completely remove inheritance to one or more of their children.

Read more: When Can’t Parents Disinherit Their Children?

Donation Tax Receipts - Requirement Information

People make charitable donations for many reasons.  While the act of giving might be an end in itself, a person might also want the added benefit of a tax credit based on the value of the donation.  However, failure to meet all the conditions in the Income Tax Act will result in the tax credit being denied.

Read more: Donation Tax Receipts - Requirement Information

Transferring Tax Debt to Family Members

If a taxpayer has, or anticipates having, a tax debt that the taxpayer cannot or does not intend to pay there may be a temptation for the taxpayer to transfer property to a trusted person in order to avoid collection by the CRA. That taxpayer may be in for a surprise when that trusted person becomes jointly liable for the taxpayer’s tax debt to the extent of the value of the transferred property.

Read more: Transferring Tax Debt to Family Members

Why is the CRA Asking Me These Questions?

It is common for the CRA to ask taxpayers to supply information or documents not initially attached to their tax return. Many of theCRA’s questions can seem intrusive or only marginally connected to the tax issues in dispute. While taxpayers may occasionally resist disclosing the requested information, they often discover that the CRA has a considerable amount of legal power to compelthe disclosure of information or documents.

Read more: Why is the CRA Asking Me These Questions?

Is Your Independent Contractor Really an Employee?

One of the most common issues before the Tax Court of Canada is whether a worker should be classified as an employee or independent contractor.

Many businesses prefer that a worker be classified as an independent contractor for various legal and financial reasons. For example, the business does not have to pay Employment Insurance or Canada Pension Plan contributions in respect of an independent contractor.

Read more: Is Your Independent Contractor Really an Employee?

Subcategories

  • Trusts, Wills and Estates Lawyers in Surrey

    As Wills and Estates lawyers in Surrey, trust in the team at Manthorpe Law Offices when you need someone with the experience you need to professionally handle your Will, no matter the circumstances. Our firm is dedicated to using plain language, not legal jargon, so that you can fully understand your legal options, opportunities and entitlements as we provide our high standard of service to you.

    If you want to learn more about our team of Wills and Estates lawyers in Surrey, contact us today.

     

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