Insights
Tax Advisory | Taxpayer Relief Application
Penalty and Interest Relief under the Income Tax Act and Excise Tax Act. The application was submitted to CRA with a full evidentiary record. The matter remained under CRA review at time of pre…
Wills and Estates | Dual Will for Business Owner
Estate Planning, Dual Will Structure. The client’s estate plan was restructured to avoid probate fees on the private corporation shares, resulting in a materi…
Corporate Law | Immigration-Linked Business Acquisition
Share Purchase Transaction and Corporate Restructuring. The transaction closed on schedule. The corporate structure satisfied both the commercial and immigration requirements, …
Tax Controversy | Federal Court Judicial Review
CRA Audit Defence, Taxpayer Relief, and Federal Court Judicial Review. The matters resolved by Minutes of Settlement, providing both clients with a negotiated resolution without the full cost.
Tax Alert: Tackling Section 160 Assessment and CRA’s Information Request
Section 160 of the Income Tax Act prevents a taxpayer from avoiding tax by transferring property to non-arm’s length entities. At Balance Law, we help clients understand their obligations and respond effectively to CRA assessments under this provision.
Tax Alert: Tax Issues for Individuals Departing from Canada
Individuals departing from Canada must consider several tax rules that apply upon exit — including the deemed disposition of property, the proposed capital gains tax regime, and the alternative minimum tax. Balance Law advises clients on all departure tax matters.
Tax Savings Guide to Tax Planning
Using the right ethical strategies, you can save significantly on your taxes. Balance Law breaks down the key tools available to Canadian individuals and business owners — from RRSP contributions and income splitting to corporate tax structuring.