Canadian Income Tax Law, 3^rd Edition provides an overview of the foundations of tax law and the critical cases that have shaped each component of the tax regime.  Emphasizing both the legislative mechanisms and the common law tradition of tax enforcement, the authors of this well-established text set out the considerations you need to keep in mind when advising your client.

 

New in This Edition

 

·         Recent developments in the jurisprudence characterizing employment versus business income

·         Latest statutory reforms and jurisprudence on employment benefits

·         Step-by-step coverage of employee stock options and developments in the deductibility of employment expenses

·         Revised section on capital cost allowances

·         New section examining how “income” becomes “taxable income”

·         Judicial discussion of anti-avoidance doctrines and recent GAAR cases include the Supreme Court of Canada decision in Lipson v. The Queen

·         Discussion of the reasonableness limitation in s. 67 taking into account the approach of the Supreme Court of Canada in Stewart v. The Queen

·         Coverage of tax-advantaged savings accounts, including TFSAs (tax-free savings accounts)

 

Features and Benefits

 

Carefully structured to guide you instantly to the issue you need to explore, Canadian Income Tax Law, 3^rd Edition features:

 

• Detailed index – lets you find the relevant information pertaining to the issue at hand
• Key extracts from leading cases – presents the most authoritative precedents for each aspect of tax practice
• Rules relating to the computation of income – help you structure your clients’ activities to ensure the best return on their investments
• Analysis of the Income Tax Act – provides concise explanations and analysis of critical sections of the Act