2019 Disallowance of Losses

Case: 2019 TCC 205 — Paletta et al. v. The Queen Paletta et al. v. The Queen. Tax Court of Canada, October 1, 2019 (Amended October 7, 2019). Neutral Cite: 2019 TCC 205. Court File Nos. 2013-225(IT)G, 2013-2420(IT)G, 2013-4837(IT)G. Hogan J. Tax shelters — Appeal from Minister’s disallowance of losses claimed by taxpayer — The […]

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2018 Fall Economic Statement

2018 Fall Economic Statement announced several tax goodies that will hopefully benefit Canadian businesses. The most notable among them is the Accelerated Investment Incentive for capital cost allowance (“CCA”).  Full CCA write-offs for manufacturing and process property and eligible clean energy property.  Mineral exploration tax credit will be extended for five years, until March 31, […]

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