Tax law

The Canada Revenue Agency is the body in charge of administering Federal income tax

laws and of collecting income taxes. The Income Tax Act (Canada) is the core of the

Canadian tax system. Every year, it is subject to amendments, including at the time of

the presentation of the budget by the Minister of Finance.

The income tax liability of companies depends on their legal status: including public,

private or Canadian-controlled private corporations. Provinces have their own income tax

statutes.

Young graduates specializing in taxation are increasingly sought after.

Tax lawyers help clients reduce their tax liability by optimizing the application
of the rules of law.
Notaries are also experts in civil law. They handle the settling of bills of sale,
wills, legacies, etc. Their knowledge of tax matters allows them to better guide
their clients.
Corporate legal advisors are in charge of preserving the economic interests
of the companies they work for.

> Interview with a tax lawyer

"You have to be inclined towards life-long learning,"

Jason M. Stephan, tax counsel with Warren Sinclair LLP in Red Deer, Alberta

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