Archive for the ‘Investments’ Category

RESP’s – A couple more wrinkles on EAP’s and AIP’s

Tuesday, April 26th, 2016

In a recent blog, I wrote that the Canada Revenue Agency (“CRA”) was asked whether the six month extension for making educational assistance payments ("EAPs") out of a registered education savings plan ("RESP") under the appropriate subsection of the Income Tax Act (the "Act") can apply when the beneficiary under ...

ESTATE FREEZES AND CORPORATE ATTRIBUTION RULES: A QUICK REFRESHER

Tuesday, April 12th, 2016

When an individual taxpayer transfers or loans directly or indirectly property to a corporation, certain provisions of the Income tax Act (“the Act’) may deem the transferor to have received annual interest income on the property at the prescribed rate as set out in the Regulations of the Act. The ...