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According to comments from CRA, a loan from a partnership to a general partner will be considered as a distribution. CRA stated that determining whether a payment, presented as a loan, made by a limited partnership to a limited partner should be treated as a loan or a distribution under

Be cautious when using a TFSA, as you could potentially receive a tax bill for any active business income earned within it. The Tax Court of Canada has ruled that profits from a business involving the trading of qualified investments cannot be exempted within a Tax-Free Savings Account (TFSA). Tax-Free

According to the CRA's findings, traveling between a home office and the employer's office on a one-time basis is considered part of one's job duties, and the employer's office could be considered a designated work location. New employees who were hired by the employer for a 24-month period work from

The Tax Court of Canada has ruled recently in two separate cases that playing poker on a full-time basis and utilizing skill and risk-reduction strategies qualifies as a source of income for taxpayers. In one case (Bérubé), the taxpayer deposited all his savings with an online poker site and began

The CRA has stated as a result of the legislative change, made in 2021 but effective May 18, 2019, the change-in-use rules would typically apply to the capital properties of cryptocurrency miners. Prior to this date, the CRA considered miners to be engaged in commercial activity. Miners were required to