Fundamentals of Income Tax Law is a completely up-to-date exposition of Canadian income tax in terms of legislation, administrative practices and case law.

Fundamentals has four themes: determination of income and tax liability; basic corporate taxation; administration and compliance; and tax avoidance. The text examines all of the fundamental principles – constitutional, economic and interpretive - of Canadian income tax law pertaining to the computation of income, taxable income, tax payable.

In addition to the general principles that apply to all taxpayers, there are four chapters specifically devoted to corporate taxation, including corporate financing, taxation of business and investment income. The text comprehensively cover all matters pertaining to the administrative aspects of the income tax law, compliance provisions, tax filings, and legal procedures for disputes in the tax courts.

Finally, the work has a comprehensive chapter and analysis of the rules pertaining to tax avoidance and, in particular, the general anti-avoidance rule (GAAR), which is now an intrinsic part of all tax planning and compliance.

Vern Krishna is a professor in the Faculty of Law at the University of Ottawa since 1981. He is a national expert in the area of tax and has published extensively in the area. He is the Executive Director of the Tax Research Centre at the University of Ottawa. Professor Krishna served a two-year term as Treasurer of The Law Society of Upper Canada from 2001 to 2003. Vern Krishna is also currently Tax Counsel in the Ottawa office of Borden Ladner Gervais LLP. Mr. Krishna’s practice areas include international tax, wealth management, tax litigation and personal tax planning.