Taxation in Canada
Taxation in Canada is a shared responsibility between the federal government and the various provincial and territorial legislatures. Under the Constitution Act, 1867, taxation powers are vested in th...
Income taxes in Canada
Income taxes in Canada constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the fiscal year ending 31 March 2009, the fed...
Income trust
An income trust is an investment that may hold equities, debt instruments, royalty interests or real properties. The trust can receive interest, royalty or lease payments from an operating entity carr...
Sales taxes in Canada
In Canada, three types of sales taxes are levied. These are as follows:Every province except Alberta has implemented either a provincial sales tax or the Harmonized Sales Tax. The federal GST rate is ...
Regional Assessment Appeal Court
The Regional Assessment Appeal Court (RAAC) is administered by the Province of Nova Scotia.
Canadian import duties
Canadian import duties is the amount of tax or tariff paid while importing goods into Canada. The Canada Border Services Agency collects the tariff on all imported goods.According to the North America...
Tax Court of Canada
The Tax Court of Canada (TCC), established in 1983 by the Tax Court of Canada Act, is a federal superior court which deals with matters involving companies or individuals and tax issues with the Gover...
Tax return (Canada)
Normally, Canadian individual tax returns for any specific year must be filedby April 30 of the following year. There is no provision for generally extending this deadline, but there are a few except...
International Fuel Tax Agreement
The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces, to simplify the reporting of fuel use by motor carriers that...
Scientific Research and Experimental Development Tax Credit Program
The Canadian Scientific Research and Experimental Development Tax Incentive Program (SRED or SR&ED) provides support in the form of tax credits and/or refunds, to corporations, partnerships or ind...
Revenue stamps of Canada
Canada issued revenue stamps from 1864 to 2005. In addition to national issues, the provinces of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward I...
Revenue stamps of Canada - Wikipedia
Capital Cost Allowance
Capital Cost Allowance (CCA) is the means by which Canadian businesses may claim depreciation expense for calculating taxable income under the Income Tax Act (Canada). Similar allowances are in effect...
Sales taxes in British Columbia
Sales taxes in British Columbia are consumption taxes levied in the province since the introduction of the Provincial Sales Tax (PST) on 1 July 1948, part of the Social Service Tax Act. Sales in the p...
Estate freeze
An estate freeze is a legal estate-planning technique used to lock in the current value (and tax liability) of a capital property for one person, while attributing the value of future growth of that c...
Pensions in Canada
Pensions in Canada can be public, private and collective, or come from individual savings.
Capital gains tax
A capital gains tax (CGT) is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale. T...
Charitable organizations (Canada)
Charitable organizations in Canada are regulated under the Canadian Income Tax Act through the Charities Directorate of the Canada Revenue Agency.There are more than 85,600 registered charities in Can...
Tax per head
A poll tax (head tax or capitation tax, in U.S. English) is a tax of a portioned, fixed amount applied to an individual in accordance with the census (as opposed to a percentage of income). Head taxes...
Surrogatum
Surrogatum is a thing put in the place of another or a substitute. The Surrogatum Principle pertains to a Canadian income tax principle involving a person who suffers harm caused by another and may se...
Caregiver tax credit
The Caregiver Tax Credit (CTC) is a Canadian tax credit available to individuals who provide in-home support for a relative who is a dependent, is over 18 and resides with the supporting relative in h...
Labour-sponsored venture capital corporation
A labour-sponsored venture capital corporation (LSVCC), known alternately as labour-sponsored investment fund (LSIF) or simply retail venture capital (RVC), is a fund managed by investment professiona...
Capital cost tax factor
The capital cost tax factor (CCTF) is a calculated value summarising the benefit in future tax savings due to Capital Cost Allowance (CCA) in Canada.CCTF allows analysts to take these benefits into ac...
Inheritance tax
An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate (money and property) of a person who has died. In international tax law, there is a di...
Old Age Security
The Old Age Security pension (or OAS or OAS-GIS) is a taxable monthly social security payment available to most Canadians 65 years of age or older. As of July 2013, the basic amount is C$549.89 per mo...
Son of Boss
Son of BOSS is a type of tax shelter used in the United States, one that was designed and promoted by tax advisors in the 1990s to reduce federal income tax obligations on capital gains from the sale ...
Nortel Retirees and former employees Protection Canada
NRPC is a non-profit member-supported organization for Canadian former employees of Nortel. It was formed after announcements in the media that Nortel Networks, a large multinational telecommunication...