Tax Blog

DT Max Tax Blog

Be prepared for tax season by consulting our regular blog updates.

  • Depreciable Properties

    In a previous instalment, we discussed the differences between a capital and a current expenditure.  In this instalment, we will expand on the definition of depreciable properties by presenting some interesting perspectives provided by case law. How does the CRA define such properties? We will also see where, specifically ...

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  • Eligible Capital Property Changes

    Many changes have been brought to the treatment of Eligible Capital Properties (ECP) for tax years 2017 and afterwards. This instalment will explain these changes.

    Eligible Capital Properties Become Depreciable Properties

    As of January 1, 2017, all ECPs are now depreciable properties, with a new class number, class 14.1 [R1100(1)a)(xii.1)]. ...

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  • Capital vs Current Expenditures

    The age-old question of taxation: is the expenditure incurred by the taxpayer a capital or a current expenditure? In this instalment, we will see the criteria that must be analyzed in order to determine the type of expense, and analyze certain interesting real-life cases on this topic.

    Determination Criteria ...

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  • CCA vs Potential Recapture

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    When owning a rental property, an important tax planning consideration is whether or not to claim Capital Cost Allowance as an expense. In this article, we will take a look at the factors that should be considered when deciding on whether to take CCA.

    Potential Future Recapture


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  • Principal residence disposition - Special topics

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    In the first article, we learned about the basics of a principal residence disposition. Now we will see special topics that affect the principal residence disposition.

    October 3rd, 2016 announcement
    Reporting requirements for the sale of a principal residence
    The federal government made administrative and legal changes ...

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  • Principal Residence Disposition

    The sale of a principal residence can be a complex transaction to enter on a tax return. Let’s have a look in detail at some of the concepts as well as other considerations that have to be taken into account when designating a property as a principal residence.

    Basic Definition ...

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  • EFILE: What do the tax authorities actually receive when you transmit?

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    The EFile program, offered by both the Federal and Quebec governments, has allowed tax preparers to transmit electronically their clients’ tax returns in an efficient manner. Considering how many years the program has been around, most tax preparers take for granted what they transmit to the CRA and ...

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  • Objection to an assessment – Part 2

    In the first part of the series, we saw the way to contest a notice of assessment with the CRA through a Notice of Objection. But what happens if the CRA does not rule in your favour? Read on to find out…

    In the situation where the CRA does not ...

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  • Objection to an assessment – Part 1

    Was your client assessed incorrectly by the CRA? Did you contact the CRA to try to rectify the assessment with no success? Read on to learn about the procedures to properly object to the CRA’s assessment.

    When all conventional avenues have been exhausted with the CRA, you can submit a ...

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  • When it comes to audits from the CRA: what are the ground rules for the Agency and your client?

    Is your client being audited by the CRA? What does the Income Tax Act (ITA) stipulate as to what the CRA can and cannot do during an audit? Let’s find out…

    When it comes to audits from the CRA, sections 231.1 to 231.6 of the ITA lays out what the ...

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