Last blog added on Friday, November 4th, 2022

Information About HKL Tax Law Blog

Recent Posts

Below is a preview of the five most recent posts from the blog HKL Tax Law Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!

  • Input Tax Credits: “Supporting Documentation” Need Not Always Be Issued or Signed by the Supplier

    Under subsection 169(4) ETA, in order to claim an ITC, a registrant must, before filing the return in which the ITC is claimed, obtain “sufficient evidence in such form containing such information as will enable the amount of the input tax credit to be determined, including any such information as m … Read more »

  • Director’s Liability – Checking the Box Is Not Due Diligence

    The role of director of a corporation comes with privileges, but also responsibilities. In the context of taxation, directors have a duty to ensure that source withholdings, including GST and QST, are collected by the corporation and remitted to the tax authorities. Failure to do so will implicate t … Read more »

  • Trust Prevented from Going Back on Its CCA Filing

    The St. Benedict Catholic Secondary School Trust (the “Trust”) had a leasehold interest in the school bearing its name, and surrounding land (class 13 property). From 1997 to 2003, the Trust claimed CCA and triggered non-capital losses (“NCLs”). The post Trust Prevented from Going Back on Its CCA Fi … Read more »

  • There Must Be an Intention to Profit for a Business to Exist

    In Canada v. Paletta, the Federal Court of Appeal clarified that, in order for a business to exist, there must be an intention to earn a profit. Absent such intention, there is no business and therefore no “source of income”. The post There Must Be an Intention to Profit for a Business to Exist appe … Read more »

  • Executor Left with Tax Bill

    When the taxpayer’s father passed away in 1994, the taxpayer and his brother became executors of his estate. The taxpayer was appointed as an executor although he did not receive anything under the will, as most of the estate was left to the taxpayer’s brother and their children (and grandchildren). … Read more »