37-1: Law and Taxes Archives - LawNow Magazine

Taxation and the Criminal Law: Tips for Accounting Professionals & Legal Advisors

At first glance, one might think that tax law and criminal law are mutually exclusive areas of practice. Taxation largely deals with the application of the Income Tax Act (“ITA”) and Excise Tax Act (“ETA”) to financial transactions entered into by individuals, corporations, trusts, and others (referred to collectively herein as “Taxpayers”) and whether those […]

Authors:

Chad Brown
Chad Brown is a lawyer with the firm of Felesky Flynn LLP in Edmonton, Alberta.
 

Gambling with your Taxes: Are Gambling Winnings a “Prize” Under the Income Tax Act?

During the recent summer Olympic Games we learned that Canadians, Americans and athletes from other countries receive a financial bonus for each medal they win, the size of the bonus depending upon the colour of the medal. This income is also taxed, a fact that is stirring legislators in the U.S. this fall to propose […]

Authors:

Peter Bowal
Peter Bowal
Peter Bowal is a Professor of Law at the Haskayne School of Business, University of Calgary in Calgary, Alberta.
 

Jason Ho
Jason Ho is an MBA student at the Haskayne School of Business, University of Calgary.
 

The Tax Court of Canada: An Introduction

While many would share Scarlett O’Hara’s belief that there is never a convenient time for taxes, let alone a convenient time for tax problems, Canadians can take great relief in knowing that there is a convenient forum for resolving most tax problems. Although the Tax Court of Canada is one of Canada’s youngest courts, it […]

Authors:

Mike Dolson
Michael Dolson is a Partner at Felesky Flynn LLP in Edmonton, Alberta.
 

Credit where Credit is Due: Personal Credits in the Canadian Tax System

2012 is the 25th year of personal credits in the Canadian tax system. Prior to 1988, personal exemptions were deducted from taxable income. Since 1988, credits against taxes payable have been used. This was perceived as more fair, because the benefit of deductions was greater for higher income taxpayers. Credits result in the same tax […]

Authors:

Hugh Neilson
Hugh Neilson
Hugh Neilson, FCPA, FCA, TEP, is an independent contractor with Kingston Ross Pasnak LLP, and a member of the Video Tax News editorial board in Edmonton, Alberta.
 


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