A review of the appropriateness of using insider information known only to one party in a valuation by examining the well-known tax cases. Read more

The limitation in the carry-forward/carry-back mechanism in Canada's income tax system is that the capital losses may be carried back only three years. Read more

The existence of preferred shares with frozen values as evidenced by redeemable and retractable features is an indicator that an estate freeze took place.  Read more

In two recently reported cases, the Court made seemingly contrary findings with respect to the impact of unreported income on the business value.  Read more

Don't know how to undo undue hardship in dealing with tax matters, especially when you pay spousal support? Just don't pay the full amount of income tax. Read more

There is a difference between taxable spousal support and non-taxable one. There are no taxes if such payments are made voluntarily without a written order. Read more

What if an individual is entitled to deduct home office expenses for income tax purposes? Some insights and a hope that courts would dilate on the subject. Read more

By Steve Z. Ranot and James A. DeBresser: Lump sum and arrears support payments may or may not be taxable to the recipient and deductible to the payor depending on their nature. Read more

A taxpayer and a spouse are generally allowed one principal residence designation per each year of marriage between the two of them. Read more