Personal taxation is a broad and highly complex area of the law. Canada’s self-reporting tax system obliges each individual to declare their income and determine their tax liability on an annual basis. Like most OECD countries, Canada requires its residents to report their worldwide income. It should be noted that non-residents are also subject to tax and reporting requirements on their Canadian-source income.
The lawyers at TaxChambers LLP advise high net worth individuals, entrepreneurs, families, executives, prospective immigrants and new Canadians with all aspects of personal tax and estate planning, including:
Find out how our tax lawyers and advisors can provide insight into and direction for your taxation needs.