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Canadian Income Tax Law, 6th Edition

This work provides an overview of the foundations of tax law and the critical cases which have shaped each component of the tax regime, uniquely combining the best features of both a textbook and casebook.
Publication Language: English
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$145.00
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ISBN/ISSN: 9780433495604

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Now in its sixth edition, this work provides an overview of the foundations of tax law and the critical cases which have shaped each component of the tax regime, uniquely combining the best features of both a textbook and casebook. Offering more depth of analysis and scope of coverage than other income tax law casebooks, it contains the authors' analysis of the law, yet unlike other textbooks, it includes the text of judicial decisions, enabling readers to critically and effectively assess the law. Cited by the Supreme Court of Canada, this book's expert commentary, detailed explanatory notes and extensive case excerpts, will be of interest to tax lawyers, legal academics and law students.


Book Features

  • Key extracts from leading cases offer the most authoritative precedents for each aspect of income tax law practice
  • Provides concise explanations and analyses of critical sections of the Income Tax Act
  • Introductory chapters lay the foundation for the examination of statutory provisions and judicial decisions; the remaining chapters follow the structure of the Income Tax Act
  • Provides a useful bridge between the highly technical statutory interpretation material that practitioners use every day, and the primary sources of law (i.e. statutes and cases)

What's New in This Edition?

The sixth edition reflects statutory and judicial developments up to May 2018, including revised tax rates; new information on federal, provincial and territorial budgetary expenditures; a new section on disclosure rules for tax avoidance arrangements; and substantial revisions to the section on timing issues in computing a taxpayer's income from a business or property the taxation of income.


Who Should Read This Book?

  • Tax lawyers – provides quick access to important judicial decisions and explanations of key statutory provisions
  • Legal academics – provides a comprehensive overview of Canadian income tax law and the relevant cases that have shaped the integral components of the tax law regime
  • Law students – an authoritative guide to the interpretation and application of Canadian income tax law, with the most recent updates on relevant case law
  • Wills and estates lawyers – useful for those who may occasionally want to refer to tax decisions

Featured authors

Table of contents

PART ONE: INTRODUCTION

Chapter 1: Introduction to the Income Tax
I. Introduction
II. Role and History of the Income Tax
III. Basic Structure of the Income Tax
IV. Evaluating Income Tax Provisions

Chapter 2: Introduction to Statutory Interpretation
I. Introduction
II. Interpretive Considerations
III. Interpretive Doctrines
IV. Sources of Interpretation

Chapter 3: Introduction to Tax Avoidance
I. Introduction
II. Judicial Anti-Avoidance Doctrines
III. Specific Anti-Avoidance Rules
IV. General Anti-Avoidance Rule
V. Disclosure Rules

PART TWO: COMPUTATION OF INCOME OR LOSS

Chapter 4: Income or Loss from an Office or Employment
I. Introduction
II. Characterization
III. Inclusions
IV. Deductions
V. Timing Issues

Chapter 5: Income or Loss from a Business or Property
I. Introduction
II. Characterization
III. Inclusions
IV. Deductions
V. Timing Issues

Chapter 6: Taxable Capital Gains and Allowable Capital Losses
I. Introduction
II. Characterization
III. Computation

Chapter 7: Other Income and Deductions
I. Introduction
II. Inclusions
III. Deductions
IV. Deferred and Other Special Income Arrangements

Chapter 8: Rules Relating to the Computation of Income
I. Introduction
II. Limitations on Deductions
III. Deemed Proceeds
IV. Attribution Rules

PART THREE: COMPUTATION OF TAXABLE INCOME AND TAX PAYABLE

Chapter 9: Computing Taxable Income
I. Introduction
II. Overview of Steps to Determine Tax Payable
III. Computing Taxable Income

Chapter 10: Computing Tax Payable
I. Introduction
II. Applying the Tax Rates
III. Credits
IV. Special Purpose Taxes