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Tax updates and facts, articles and resources for your convenience.

2021 Federal Budget Highlights

April 20, 2021

On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and ...

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EI Sickness Benefits are Not Deductible when Calculating IRBs

April 1, 2021

In the recent Licence Appeal Tribunal decision, Tania Spence and Aviva Insurance Company of Canada (19-013457/AABS), Adjudicator Boyce ruled that Employment Insurance (“EI”) sickness benefits ...

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Adjudicator Allows Insurer to Recover Overpaid IRBs Beyond Section 52 Threshold

March 15, 2021

In the recent Licence Appeal Tribunal (“LAT”) decision, Aviva General Insurance Company and B.G. (20-000592/AABS), Adjudicator Lake ruled that willful misrepresentation warranted Aviva the ability ...

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IRB Deductibility of EI Maternity Benefits Received & Employer Top-Up Benefits Available

March 8, 2021

Are Employment Insurance (“EI”) maternity benefits received and employer maternity top-up benefits available, however, not applied for, deductible when calculating an individual’s income replacement benefits ...

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2020 Personal Tax Filing Information

February 18, 2021

Information Required Please accumulate your 2020 tax information slips, summarize where appropriate and separate for each individual before submitting to us. We are unable to ...

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2020 Canadian Personal Income Tax Checklist

February 16, 2021

Our 2020 Canadian Personal Income Tax Checklist can be used to help gather your documents and send us necessary information for completing your tax return. ...

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2020 USA Personal Income Tax Checklist

February 16, 2021

Our 2020 USA Personal Income Tax Checklist can be used to help gather your documents and send us necessary information for completing your tax return. ...

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Employees Working from Home in 2020

February 16, 2021

Many employees will be able to claim a deduction on their 2020 personal tax return for work space in home expenses. Follow the attached steps ...

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Value of Lodging and Meals for IRB Purposes

January 26, 2021

In the License Appeal Tribunal decision, B. L. J. and The Co-Operators Insurance Company (18-012005/AABS), the adjudicator was required to determine if meals and free ...

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2021 Tax Facts for Ontario Residents

January 20, 2021

We’ve compiled the 2021 tax rates on corporate income, RRSP limits, CPP & EI Limits, prescribed interest rates, automobile amounts, personal tax brackets for salary ...

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COVID-19 Resources to Assist Businesses

December 22, 2020

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. ...

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Fall Economic Statement 2020

December 1, 2020

Finance Minister Chrystia Freeland released her fall economic statement on November 30, 2020 laying out the federal government’s fiscal strategy to combat the effects of ...

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Pre-Accident Cash Income Should Be Verified As Opposed To Accepted At Face Value

November 26, 2020

Should pre-accident cash income that has not been evidenced with supporting documentation be considered at face value when calculating an individual’s income replacement benefits (IRBs)? ...

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Adjudicator Accepts Revised Tax Return

November 9, 2020

In the License Appeal Tribunal (LAT) decision N.F. and Aviva Insurance Canada (18-007077/AABS), the adjudicator was faced with the decision of accepting an amended tax ...

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LTD Settlement Not Deductible from IRB

October 28, 2020

Typically, when an individual is claiming an IRB and has LTD benefits available to them, our first thought is to deduct the LTD benefits received ...

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Post-Accident Monies Claimed to be a Gift Considered as Income

September 29, 2020

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 ...

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Eligibility for Income Replacement Benefits not Based on CPP Disability Benefits Received Beyond 104 Weeks

September 28, 2020

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 ...

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DFK Tax Digest
Summer 2020

August 25, 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. ...

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Canadian Tax Deadline Updates

July 29, 2020

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 ...

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Are Insurers Obligated to Pay for Plaintiff Accounting Reports?

May 28, 2020

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 ...

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Self-Employed Individuals – Last 52 Weeks or Last Completed Taxation Year?

May 20, 2020

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 ...

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Client Portal Resources

April 23, 2020

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, ...

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U.S. Tax Deadline Updates

March 23, 2020

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 ...

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LAT rules on Section 8(1) for IRB Purposes

March 19, 2020

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 ...

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DFK Tax Digest
Winter 2020

February 26, 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 ...

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2019 Canadian Personal Income Tax Checklist

January 1, 2020

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. ...

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2020 Tax Facts for Ontario Residents

January 1, 2020

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 & ...

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DFK Tax Digest
Fall 2019 Issue 2

December 23, 2019

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 ...

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Employed During a Period of Illness?

December 4, 2019

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 ...

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Shareholder of a Business – Employed or Self-Employed?

November 28, 2019

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. ...

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DFK Tax Digest
Fall 2019 Issue 1

September 19, 2019

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 ...

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Calculating Pre-Accident Income When Considering Self-Employment Losses

July 17, 2019

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 ...

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DFK Tax Digest
Spring 2019

June 17, 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, ...

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2019 Federal Budget Highlights

March 21, 2019

On March 19, 2019 Finance Minister Bill Morneau presented the 2019 Federal Budget. No changes were made to personal or corporate tax rates, nor to ...

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Considering “Big Picture” to Determine Dependency

January 21, 2019

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 ...

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Self-Employment Income Deducted Post-Accident – Yes or No?

December 18, 2018

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 ...

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The importance of knowing what to do with EI benefits for IRB purposes

December 11, 2018

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% ...

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