2nd edition (New edition)

Income Tax Law 2/e

Overview

The long-awaited second edition of Income Tax Law is a comprehensive, up-to-date treatise on income tax law in Canada. The book introduces students and practitioners to income tax law in its broadest dimensions. It addresses the subject matter based on principles, policy, and practice. The objective is to explain what the law is and, more importantly, why it is the way it is, and how it works (or does not).

It examines the policy, structural, constitutional, and judicial framework of income tax law, addressing the following questions: who is taxable?; what is taxable?; how much tax is payable?; when is tax payable?; and how do we administer the system and resolve disputes with the tax collector? The book contains clear explanations of complex principles and formulae, a bibliography, a glossary, and appendices setting out tax rates and measurement of income.

Students of tax law will find this book indispensable. Legal practitioners in business law and litigators will also find it useful in drafting pleadings and assessing damages when considering tax issues in civil litigation. Finally, accountants, business executives, and other professionals will find the book helpful in navigating the murky waters of income tax.

The book includes, in an epilogue, an analysis of the December 2011 Supreme Court of Canada decision in Copthorne Holdings Ltd v Canada.

Table of Contents

PART I: Introduction  

Chapter 1: An Overview of Tax Law and Concepts 
Chapter 2: Statutory Interpretation  

PART II : Who Is Taxable?  

Chapter 3: Tax Nexus 
Chapter 4: The Meaning of Income  

PART III : What Is Taxable?  

Chapter 5: Whose Income Is It? 
Chapter 6: Office and Employment Income 
Chapter 7: Business and Property Income 
Chapter 8: Business and Property Deductions 
Chapter 9: Capital Gains and Losses 
Chapter 10: Other Income and Deductions 
Chapter 11: Damages 
Chapter 12: From Net Income to Taxable Income  

PART IV: How Much Tax?  

Chapter 13: Computation of Tax: Individuals 
Chapter 14: Computation of Tax: Corporations 
Chapter 15: Tax Credits  

PART V: Corporations  

Chapter 16: Basic Principles 
Chapter 17: Corporate Business Income 
Chapter 18: Corporate Investment Income  

PART VI: Tax Avoidance  

Chapter 19: General Anti‑Avoidance Rule  

PART VII : Administrative Processes  

Chapter 20: Filings, Assessments and Related Issues  

PART VIII : Judicial Process  

Chapter 21: Objections and Appeals  

Epilogue  

PART IX: Appendices  

Appendix A: The Time Value of Money 
Appendix B: Tax Rates 
Appendix C: Measurement of Income 
Appendix D: Free Internet Resources  

Glossary 
Table of Cases 
Index  

Of interest...