Resources
Resources
Tax updates and facts, articles and resources for your convenience.
COVID-19 Resources to Assist Businesses
The government announced various COVID-19 assistance programs for small businesses including CEWS, CECRA, CEBA and BCAP. You'll find links to more information and resources below. ...
Post-Accident Monies Claimed to be a Gift Considered as Income
If an individual receives post-accident monies from their non-arm’s length employer, which they claim to be a gift, would an insurer be able to deduct ...
Eligibility for Income Replacement Benefits not Based on CPP Disability Benefits Received Beyond 104 Weeks
One may assume that a claimant who commences receiving Canada Pension Plan (“CPP”) disability benefits after an accident would be eligible to receive income replacement ...
DFK Tax Digest
Summer 2020
In this DFK Tax Digest issue: Canadian Emergency Student Benefit (CESB), Canadian Emergency Business Account (CEBA), Further extensions and expansions to the wage subsidy program. ...
Canadian Tax Deadline Updates
The government announced various extensions to Canadian Tax Deadlines. You'll find links to more information below. Update: Payment deadline extension to September 30 March 18 ...
Are Insurers Obligated to Pay for Plaintiff Accounting Reports?
A growing trend has emerged recently as it relates to individuals making a claim for income replacement benefits (“IRBs”). More frequently than ever, insured’s seem ...
Self-Employed Individuals – Last 52 Weeks or Last Completed Taxation Year?
For self-employed individuals seeking to claim an income replacement benefit (“IRB”), the calculation of their pre-accident gross weekly income is not always straightforward. Two recent ...
Client Portal Resources
Our firm has successfully moved to working remotely, and our commitment to providing a high-quality service is still strong. As our work environment has changed, ...
U.S. Tax Deadline Updates
The government announced an extension to the U.S. Tax Deadline. You'll find a link to more information below. U.S. Tax Deadline Extended If you have ...
LAT rules on Section 8(1) for IRB Purposes
In the LAT decision released on January 13, 2020, T.A.K. v Aviva General Insurance Company (18-008232/AABS), the Adjudicator provides interpretation for the Section 8(1) adjustment ...
DFK Tax Digest
Winter 2020
In this DFK Tax Digest issue: Real Estate Sales - Income or Capital Gain, Creating Trusts in your Will from an Accountant's Perspective, Flow Through ...
2019 Canadian Personal Income Tax Checklist
Our 2019 Canadian Personal Income Tax Checklist can be used to help gather your documents and send us necessary information for completing your tax return. ...
2020 Tax Facts for Ontario Residents
We’ve compiled the 2020 tax rates on corporate income, RRSP limits, CPP & EI Limits, prescribed interest rates, automobile amounts, personal tax brackets for salary & ...
DFK Tax Digest
Fall 2019 Issue 2
In this DFK Tax Digest Fall 2019 issue 2: Maintaining an auto mileage log to track personal and business use of a vehicle, Tax Memorandum ...
Employed During a Period of Illness?
In the recent Licence Appeal Tribunal decision released on September 30, 2019, P.K. and Pembridge Insurance Company (Tribunal File Number: 18-000865/AABS), Adjudicator Reilly concludes that ...
Shareholder of a Business – Employed or Self-Employed?
In the recent Licence Appeal Tribunal decision released on October 8, 2019, A.P. and Economical Insurance (Tribunal File Number: 19-000026/AABS), the Adjudicator found that A.P. ...
DFK Tax Digest
Fall 2019 Issue 1
In this DFK Tax Digest issue: Forgive, But Don't Forget...(A Lesson in Debt Forgiveness), Benefits of Using Canadian Unlimited Liability Companies by U.S. Shareholders, Some ...
Calculating Pre-Accident Income When Considering Self-Employment Losses
In the LAT reconsideration decision released on June 5, 2019, Aviva Insurance Canada v. W.D.W. (17-005894/AABS), it was determined that the Tribunal made an error ...
DFK Tax Digest
Spring 2019
In this DFK Tax Digest issue read about Paying Dividends to Family Members and an article on the GILTI Tax Reform written by Justin Hoffman, ...
2019 Federal Budget Highlights
We’ve compiled the 2020 tax rates on corporate income, RRSP limits, CPP & EI Limits, prescribed interest rates, automobile amounts, personal tax brackets for salary & ...
Considering “Big Picture” to Determine Dependency
In the recent decision released on December 21, 2018, between Pafco Insurance Company (Applicant) and Wawanesa Mutual Insurance Company and Western Assurance Company (Respondents), Arbitrator ...
Self-Employment Income Deducted Post-Accident – Yes or No?
In the recent Divisional Court decision released on December 7, 2018, Surani and Perth (File No.: 541/17), an application for judicial review was dismissed. The ...
The importance of knowing what to do with EI benefits for IRB purposes
In the LAT decision released July 18, 2018, C.M. and Aviva General Insurance (17-005910/AABS), the Applicant received a special award in the amount of 50% ...
Keep in Touch
Subscribe for updates, leading insights and resources.