One economist warned the reversal on capital gains changes would leave a sizeable hole in the budget that would require new revenue sources or significant spending cuts to fill.

The quantum of exemption under Section 54F is determined proportionately by comparing the cost of the new house with the net ...

The good news for angel investors is that the Income Tax Act permits you to carry forward those losses and set them off ...

A fresh report from a Toronto-based firm with a $10 billion stake in real estate investments around the globe says real ...

Uncover the income tax exemptions, property tax breaks, and other tax advantages available to retirees in Louisiana.

Are you wondering how you can use the RRSP to your advantage? Here are some ideas about how it can work for you to maximize ...

A substantial cut in the capital gains tax would make President-elect Trump’s upcoming tax bill very beautiful indeed.

This paper discusses the three schools of thought regarding ‘income’ in such cases, the first one that says there must be entry of cost price in the revenue column thereby leading to cancellation in ...

Supreme Court held that the reduction in share capital of the subsidiary company results into the transfer of capital asset as envisaged in section 2 (47) of the Income Tax Act. Accordingly, petition ...