Carter: TCC Confirms Family Members Can Deal at Arm’s Length for the Purposes of Section 84.1

In Carter v. The King (2024 TCC 71), the TCC held that a transaction between two family members who were not “related persons” within the meaning of subsection 251(2) occurred at arm’s length for the purposes of section 84.1 . In so concluding, the TCC reaffirmed that in an analysis of whether two or more […]

Carter: TCC Confirms Family Members Can Deal at Arm’s Length for the Purposes of Section 84.1 Read More »

Is Hush Money Deductible?

Non-disclosure payments (also known as hush money) are paid to prevent the dissemination of specific information. Despite the negative connotation, non-disclosure payments are neither illegal nor rare; they are a common contract feature. But are non-disclosure payments deductible for tax purposes and, if so, under what circumstances? For a payment that is on current account

Is Hush Money Deductible? Read More »