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Legal and Illegal Methods of Reducing Tax

  Tax Planning Tax Avoidance Tax Evasion Taxpayer Goal To favourably reduce taxes payable within the object and spirit of the law. Deliberate planning of events and transactions to circumvent the law and avoid paying taxes. To avoid taxes by failing to disclose complete and accurate information. Legality Legal Not illegal. Transactions can be ignored. […]

Residency and Liability for Tax

  Tax Liability Individual Corporation Resident Liable for tax on worldwide income Facts indicate the individual is ties to or connected with Canada. Facts indicate central management and control is in Canada Deemed Resident Liable for tax on worldwide income. The individual sojourns in Canada an aggregate of 183 days or more. Incorporated in Canada […]