{"id":8396,"date":"2024-02-10T20:54:10","date_gmt":"2024-02-11T01:54:10","guid":{"rendered":"https:\/\/www.sabbagh.ca\/articles\/uncategorized\/net-worth-contributions-definition-and-explanation\/"},"modified":"2024-02-10T20:54:11","modified_gmt":"2024-02-11T01:54:11","slug":"net-worth-contributions-definition-and-explanation","status":"publish","type":"post","link":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/","title":{"rendered":"Net worth contributions: definition and explanation"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Net worth contributions: definition and explanation<\/h2>\n

In Canada and Quebec, the tax system is based on the principle of self-declaration<\/strong> and self-assessment<\/strong>.<\/p>\n

This means that it is the taxpayer himself who undertakes to submit his tax return and pay the amount of tax requested by the tax authorities.<\/p>\n

In such cases, taxpayers may make mistakes in their tax returns, fail to declare their income, or even file manifestly false or incomplete returns.<\/p>\n

To this end, the tax authorities (Revenu Qu\u00e9bec<\/a> and\/or the Canada Revenue Agency<\/a>, hereinafter “RQ” and “CRA”) have developed tools for verifying returns<\/em>, including net worth<\/strong>.<\/p>\n

What does this method involve and what should you do if your returns are checked using this method?<\/em><\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

I. What is the net worth contribution?<\/h2>\n

Although this technique is used mainly as a last resort by the tax authorities, it has nonetheless proved its worth and produced results.<\/p>\n

Net worth assessment is an accounting method used to determine amounts that the taxpayer may have failed to declare.<\/em><\/strong><\/p>\n

To establish the amounts, tax authorities such as the CRA and\/or the RQ will audit a taxpayer’s assets, analysing them year after year.<\/p>\n

When might the tax authorities use this method?<\/h3>\n

For example, when a taxpayer’s ‘lifestyle’ does not appear to be consistent with the contents of his tax return, the authorities will use this technique, among others, to determine what amounts the taxpayer may have omitted to declare.<\/p>\n

Let’s take an example<\/strong>: an individual acquires a new car and a lakeside cottage, for a total value of $200,000, while for the same year, the taxpayer declared income of $50,000 to the tax authorities.<\/p>\n

It is this clear discrepancy between the expenditure incurred during the tax year and the income declared by the taxpayer that will attract the attention of the authorities and lead them to carry out more detailed checks.<\/p>\n

In such a situation, the tax authorities will determine that $150,000 has not been duly declared, and will then issue a notice of assessment for that amount, as well as, possibly, administrative penalties equal to 50% of the amount allegedly not declared.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

II. The net worth method: presumption, arbitrariness and speculation<\/h2>\n

As we have seen, this method is used mainly when a taxpayer fails to file a tax return, files a manifestly false tax return, refuses to provide information that could establish the reliability of his or her return, or during a tax audit when the taxpayer does not have the supporting documents.<\/p>\n

This method is also used when the ministry or agency suspects fraud or undeclared income.<\/p>\n

However, this method is based on the presumption, which is often incorrect, that a taxpayer’s enrichment over a given period can be explained entirely by his taxable income (some or all of which he may have failed to declare).<\/p>\n

This method therefore places the burden of proof on the taxpayer.<\/p>\n

This means that it is up to the taxpayer to show that all or part of his or her enrichment between two dates comes from income that is not subject to tax, and therefore from a legitimate source.<\/p>\n

Often described as arbitrary and speculative, the results obtained by the tax authorities using this method can be challenged if the taxpayer provides evidence that the difference in net worth is in fact based on non-taxable income.<\/p>\n

Although the burden of proof rests with the taxpayer, it should be noted that this method is incomplete and imprecise, and the resulting amount is merely an estimate based on the presumption that all income available to an individual is taxable.<\/p>\n

In this case, the taxpayer can completely contradict the results: for example, the difference in income presumed by the authorities can be explained by the fact that the taxpayer received an inheritance in the same year, repaid a loan granted in the past or received a gift from a close friend or family member.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

III. What should I do if an opposition agent checks my account?<\/h2>\n

To determine this presumed and estimated gap, the tax authorities will, among other things, cross-reference various sources of expenditure.<\/p>\n

For example, they will cross-reference data collected from the SAAQ, travel agencies or estate agents and compare it with declared income.<\/p>\n

Une fois qu\u2019une in\u00e9quation est observ\u00e9e, les autorit\u00e9s fiscales formuleront alors dans un premier temps une premi\u00e8re demande de \u00ab courtoisie \u00bb<\/em>, souvent, sous la forme de demande d\u2019informations ou d\u2019explications suppl\u00e9mentaires.<\/p>\n

Once a discrepancy has been identified, the tax authorities will initially make an initial “courtesy” request, often in the form of a request for further information or explanations.<\/p>\n

In other words, the tax authorities will ask you to justify your standard of living and your new acquisitions.<\/p>\n

While you are under no obligation to comply with this request at this stage, it is still preferable to cooperate with the authorities.<\/p>\n

However, don’t be left on your own at this stage: the tax authorities will ask you to fill in questionnaires that can be long and laborious to establish this alleged net worth discrepancy.<\/p>\n

A tax lawyer<\/a> and accountants can help you through these steps if you are faced with audits using this method of calculating net worth.<\/p>\n

Whether it’s a question of reviewing questionnaires from the tax authorities to establish a difference in net worth, or of represent you in negotiations<\/em> or objection to notice of assessment<\/em> or even legal challenges<\/em> our specialist tax lawyers will be able to help you.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

NOTE:<\/strong> This article does not constitute legal advice or a legal opinion. It is intended solely to inform readers of certain aspects of the laws surrounding net worth contributions in the province of Quebec and in Canada.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Our specialist tax lawyers can help you manage net worth assessments, an accounting method used in Canada to correct inaccurate tax returns.<\/p>\n","protected":false},"author":5,"featured_media":8392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[142],"tags":[215,213,214],"class_list":["post-8396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law","tag-incorrect-tax-returns","tag-net-worth-contribution","tag-tax-returns"],"acf":[],"yoast_head":"\nNet worth contributions: definition and explanation<\/title>\n<meta name=\"description\" content=\"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net worth contributions: definition and explanation\" \/>\n<meta property=\"og:description\" content=\"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\" \/>\n<meta property=\"og:site_name\" content=\"Sabbagh & Associ\u00e9 Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sabbaghassocie\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-11T01:54:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-11T01:54:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\" \/>\n<meta name=\"author\" content=\"Sabbagh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Net worth contributions: definition and explanation\" \/>\n<meta name=\"twitter:description\" content=\"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sabbagh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\"},\"author\":{\"name\":\"Sabbagh\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/d6c0f3553c2cd64a8fd6891ca41b012e\"},\"headline\":\"Net worth contributions: definition and explanation\",\"datePublished\":\"2024-02-11T01:54:10+00:00\",\"dateModified\":\"2024-02-11T01:54:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\"},\"wordCount\":1068,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\",\"keywords\":[\"incorrect tax returns\",\"net worth contribution\",\"tax returns\"],\"articleSection\":[\"Tax Law\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\",\"url\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\",\"name\":\"Net worth contributions: definition and explanation\",\"isPartOf\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\",\"datePublished\":\"2024-02-11T01:54:10+00:00\",\"dateModified\":\"2024-02-11T01:54:11+00:00\",\"description\":\"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage\",\"url\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\",\"contentUrl\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg\",\"width\":1024,\"height\":675,\"caption\":\"Concept de contribution \u00e0 la valeur nette \u00e0 l'aide de dessins et d'illustrations repr\u00e9sentant de l'argent.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sabbagh.ca\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Net worth contributions: definition and explanation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#website\",\"url\":\"https:\/\/www.sabbagh.ca\/en\/\",\"name\":\"Sabbagh & Associ\u00e9 Inc.\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sabbagh.ca\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#organization\",\"name\":\"Sabbagh & Associ\u00e9\",\"alternateName\":\"Sabbagh et Associ\u00e9 Inc\",\"url\":\"https:\/\/www.sabbagh.ca\/en\/\",\"logo\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo\"},\"sameAs\":[\"https:\/\/www.facebook.com\/sabbaghassocie\",\"https:\/\/www.linkedin.com\/company\/sabbagh-et-associe-inc\/\"],\"description\":\"Cabinet d\u2019avocats \u00e0 Montr\u00e9al depuis 30 ans. Notre cabinet est sp\u00e9cialis\u00e9 en mati\u00e8re de droit civil et en droit commercial. | Contactez-nous au 514-596-1457\",\"legalName\":\"Sabbagh & Associ\u00e9\",\"address\":{\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-place-address\"},\"geo\":{\"@type\":\"GeoCoordinates\",\"latitude\":\"44.5235937\",\"longitude\":\"81.6608975\"},\"telephone\":[\"514 596 1457\"],\"contactPoint\":{\"@type\":\"ContactPoint\",\"telephone\":\"514 596 1457\",\"email\":\"reception@sabbagh.ca\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"},{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Saturday\",\"Sunday\"],\"opens\":\"00:00\",\"closes\":\"00:00\"}],\"email\":\"reception@sabbagh.ca\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/d6c0f3553c2cd64a8fd6891ca41b012e\",\"name\":\"Sabbagh\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5ed7bac15ebc064bbf3b6006fe1ec7e24fb17df5d71e77c5368c27c9c4207f06?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5ed7bac15ebc064bbf3b6006fe1ec7e24fb17df5d71e77c5368c27c9c4207f06?s=96&d=mm&r=g\",\"caption\":\"Sabbagh\"},\"url\":\"https:\/\/www.sabbagh.ca\/en\/articles\/author\/paul\/\"},{\"@type\":\"PostalAddress\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-place-address\",\"streetAddress\":\"1600 Boul. Henri-Bourassa Ouest, Bureau 500\",\"addressLocality\":\"Montreal\",\"postalCode\":\"H3M 3E2\",\"addressCountry\":\"CA\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo\",\"url\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2017\/01\/logo.gif\",\"contentUrl\":\"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2017\/01\/logo.gif\",\"width\":476,\"height\":120,\"caption\":\"Sabbagh & Associ\u00e9\"}]}<\/script>\n<meta name=\"geo.placename\" content=\"Montreal\" \/>\n<meta name=\"geo.position\" content=\"44.5235937;81.6608975\" \/>\n<meta name=\"geo.region\" content=\"Canada\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Net worth contributions: definition and explanation","description":"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/","og_locale":"en_US","og_type":"article","og_title":"Net worth contributions: definition and explanation","og_description":"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.","og_url":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/","og_site_name":"Sabbagh & Associ\u00e9 Inc.","article_publisher":"https:\/\/www.facebook.com\/sabbaghassocie","article_published_time":"2024-02-11T01:54:10+00:00","article_modified_time":"2024-02-11T01:54:11+00:00","og_image":[{"url":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","type":"","width":"","height":""}],"author":"Sabbagh","twitter_card":"summary_large_image","twitter_title":"Net worth contributions: definition and explanation","twitter_description":"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.","twitter_image":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","twitter_misc":{"Written by":"Sabbagh","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#article","isPartOf":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/"},"author":{"name":"Sabbagh","@id":"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/d6c0f3553c2cd64a8fd6891ca41b012e"},"headline":"Net worth contributions: definition and explanation","datePublished":"2024-02-11T01:54:10+00:00","dateModified":"2024-02-11T01:54:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/"},"wordCount":1068,"commentCount":0,"publisher":{"@id":"https:\/\/www.sabbagh.ca\/en\/#organization"},"image":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","keywords":["incorrect tax returns","net worth contribution","tax returns"],"articleSection":["Tax Law"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/","url":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/","name":"Net worth contributions: definition and explanation","isPartOf":{"@id":"https:\/\/www.sabbagh.ca\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage"},"image":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","datePublished":"2024-02-11T01:54:10+00:00","dateModified":"2024-02-11T01:54:11+00:00","description":"Our lawyers can help you with net worth assessments in Quebec and Canada to correct inaccurate tax returns.","breadcrumb":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#primaryimage","url":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","contentUrl":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2024\/02\/la-cotisation-par-avoir-net.jpg","width":1024,"height":675,"caption":"Concept de contribution \u00e0 la valeur nette \u00e0 l'aide de dessins et d'illustrations repr\u00e9sentant de l'argent."},{"@type":"BreadcrumbList","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.sabbagh.ca\/en\/"},{"@type":"ListItem","position":2,"name":"Net worth contributions: definition and explanation"}]},{"@type":"WebSite","@id":"https:\/\/www.sabbagh.ca\/en\/#website","url":"https:\/\/www.sabbagh.ca\/en\/","name":"Sabbagh & Associ\u00e9 Inc.","description":"","publisher":{"@id":"https:\/\/www.sabbagh.ca\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sabbagh.ca\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Organization","Place"],"@id":"https:\/\/www.sabbagh.ca\/en\/#organization","name":"Sabbagh & Associ\u00e9","alternateName":"Sabbagh et Associ\u00e9 Inc","url":"https:\/\/www.sabbagh.ca\/en\/","logo":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo"},"image":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo"},"sameAs":["https:\/\/www.facebook.com\/sabbaghassocie","https:\/\/www.linkedin.com\/company\/sabbagh-et-associe-inc\/"],"description":"Cabinet d\u2019avocats \u00e0 Montr\u00e9al depuis 30 ans. Notre cabinet est sp\u00e9cialis\u00e9 en mati\u00e8re de droit civil et en droit commercial. | Contactez-nous au 514-596-1457","legalName":"Sabbagh & Associ\u00e9","address":{"@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-place-address"},"geo":{"@type":"GeoCoordinates","latitude":"44.5235937","longitude":"81.6608975"},"telephone":["514 596 1457"],"contactPoint":{"@type":"ContactPoint","telephone":"514 596 1457","email":"reception@sabbagh.ca"},"openingHoursSpecification":[{"@type":"OpeningHoursSpecification","dayOfWeek":["Monday","Tuesday","Wednesday","Thursday","Friday"],"opens":"09:00","closes":"17:00"},{"@type":"OpeningHoursSpecification","dayOfWeek":["Saturday","Sunday"],"opens":"00:00","closes":"00:00"}],"email":"reception@sabbagh.ca"},{"@type":"Person","@id":"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/d6c0f3553c2cd64a8fd6891ca41b012e","name":"Sabbagh","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sabbagh.ca\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5ed7bac15ebc064bbf3b6006fe1ec7e24fb17df5d71e77c5368c27c9c4207f06?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5ed7bac15ebc064bbf3b6006fe1ec7e24fb17df5d71e77c5368c27c9c4207f06?s=96&d=mm&r=g","caption":"Sabbagh"},"url":"https:\/\/www.sabbagh.ca\/en\/articles\/author\/paul\/"},{"@type":"PostalAddress","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-place-address","streetAddress":"1600 Boul. Henri-Bourassa Ouest, Bureau 500","addressLocality":"Montreal","postalCode":"H3M 3E2","addressCountry":"CA"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.sabbagh.ca\/en\/articles\/tax-law\/net-worth-contributions-definition-and-explanation\/#local-main-organization-logo","url":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2017\/01\/logo.gif","contentUrl":"https:\/\/www.sabbagh.ca\/wp-content\/uploads\/2017\/01\/logo.gif","width":476,"height":120,"caption":"Sabbagh & Associ\u00e9"}]},"geo.placename":"Montreal","geo.position":{"lat":"44.5235937","long":"81.6608975"},"geo.region":"Canada"},"_links":{"self":[{"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/posts\/8396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/comments?post=8396"}],"version-history":[{"count":2,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/posts\/8396\/revisions"}],"predecessor-version":[{"id":8398,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/posts\/8396\/revisions\/8398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/media\/8392"}],"wp:attachment":[{"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/media?parent=8396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/categories?post=8396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sabbagh.ca\/en\/wp-json\/wp\/v2\/tags?post=8396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}