Michelle Kosarnia

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Articles

The Hidden Costs Of Litigation: Lessons From Watts v The King

Oct 8, 2024 | mondaq.com | Michelle Kosarnia

It may be well-known that litigation can be an expensive venture, but the nuances of how costs can impact a case are often overlooked. The recent decision in Watts v The King, 2024 TCC 100, serves as a pertinent example of the complexities involved in litigation, particularly regarding the discretionary powers of the Tax Court of Canada in awarding costs. In Watts v.
Tax Implications Of Spousal Support Payments In Canada

Sep 9, 2024 | mondaq.com | Michelle Kosarnia

Navigating the tax landscape of spousal support payments can be complex, but it is essential for ensuring compliance with Canadian tax laws. Managing these payments is not only crucial for tax efficiency but also for adhering to legal requirements. Spousal support payments have specific tax implications and strict attributes to be deductible. Spousal support payments are made by one spouse to another following a separation or divorce.
A Fairer Future For Canada's Younger Generation: The 2024 Federal Budget

Aug 28, 2024 | mondaq.com | Michelle Kosarnia |Rose Zhang

Canada has long been recognized as a land of opportunity, where generations have thrived thanks to progressive taxation, a strong social safety net, and effective governance. These pillars have ensured equality of opportunity, enabling Canadians to build better lives for themselves and their families. However, in recent years, the pathways that once guaranteed a middle-class life have become increasingly difficult to navigate. Today's younger Canadians are facing unprecedented challenges.
How To Complete A Tobacco Information Return As A "Prescribed Person"

Aug 28, 2024 | mondaq.com | Michelle Kosarnia

Form B285, otherwise known as a Tobacco Information Return, is a return that must be filed monthly by an individual designated as a prescribed person under the Stamping and Marking of Tobacco, Cannabis and Vaping Products Regulations, pursuant to the Excise Act.
Adjusted Rates Of Excise Duty On Beer, Spirits And Wine

Jul 23, 2024 | mondaq.com | Michelle Kosarnia

Effective April 1, 2024, the Canadian government has revised the Excise Duty rates for beer, spirits and wine, instituting a temporary freeze on annual rate increases for the next two years. Excise duties are taxes that are charged on various products such as beer, spirits, wine and tobacco. The rates of these duties are outlined in the Excise Act, 2001. For goods manufactured in Canada, duties are payable at the time of packaging, rather than at the point of sale.
Investment Tax Planning In Canada

Jul 15, 2024 | mondaq.com | Michelle Kosarnia

Investment tax planning is a crucial strategy for maximizing the returns on your investments while minimizing the taxes you owe. By understanding the various tax-advantaged accounts, deductions, credits, and strategies available, you can effectively manage your investment portfolio and enhance your financial well-being. This article explores the key aspects of investment tax planning in Canada, providing you with actionable insights to optimize your investments.
Corporate Restructuring: Key Strategies For Canadian Businesses

Jul 12, 2024 | mondaq.com | Michelle Kosarnia

Corporate restructuring has become a crucial strategy for companies aiming to stay competitive and profitable. At Rosen & Associates Tax Law, we understand the complexities and nuances involved in corporate restructuring. This article delves into the various facets of corporate restructuring, providing an in-depth look at why it's essential, the types of restructuring, its benefits, and how our expert team can assist Canadian businesses in navigating this intricate process.
Retirement Planning: Tax-Efficient Strategies For Canadians

Jul 12, 2024 | mondaq.com | Michelle Kosarnia

Retirement planning is a crucial part of financial security, especially in Canada, where tax laws and retirement benefits offer unique opportunities and challenges. At Rosen & Associates Tax Law, we understand the intricacies of Canadian tax law and how they impact your retirement planning. This article delves into tax-efficient strategies that can help you maximize your retirement savings and enjoy a comfortable, stress-free retirement.
Corporate Tax Strategies In Canada

Jul 12, 2024 | mondaq.com | Jason Rosen |Michelle Kosarnia

Navigating the complex landscape of corporate taxes in Canada can be a daunting task for any business. At Rosen & Associates Tax Law, we understand the intricacies of the Canadian tax system and are dedicated to helping businesses optimize their tax strategies. In this comprehensive guide, we will explore effective corporate tax strategies tailored to Canadian businesses.
Canadian Tax Compliance For High Net Worth Individuals (HNWIs)

May 16, 2024 | mondaq.com | Michelle Kosarnia

A high-net-worth individual (HWNI) is someone who possesses liquid assets totaling to at least $1 million after accounting for their liabilities. This growing population in Canada requires unique tax planning as their wealth increases to ensure capital preservation, minimize volatility, and further sustain income generation.