Deducting life insurance costs: Paragraph 20(1)(e.2) of Income Tax Act explained

In part one of a two-part series, Dale Barrett and Simon Townsend of Barrett Tax Law on the cost of life insurance as a deductible expense

February 2021 Tax Court update on getting back to business — top ten takeaways

Stevan Novoselac and John Sorensen of Gowling WLG review the February 9 update from the Tax Court of Canada

Tax preparers and professionals: Here’s what you need to know for the 2021 tax-filing season

Canada Revenue Agency on planning ahead, what’s new for upcoming tax season

Obituary: Everett Colby, charismatic Ottawa-area accountant, dies at 57

Accounting career allowed former Chair of CGA Ontario and principal of Colby McGeachy Professional Corporation to indulge his passions

Canadian tax laws: A review of 2020 and a look ahead to 2021

A comprehensive review of Canadian tax developments in 2020 and outlook for 2021 from experts at Davies Ward Phillips & Vineberg LLP in Montreal and Toronto

Canadian criminal tax evasion sentencing

A Brampton business owner was one of the few taxpayers to be sentenced in 2020

TFSA penalty relief: A Canadian tax lawyer's guidance

The CRA acted unreasonably in a recent TFSA overcontribution case

CRA moves forward with international audits despite continued backlog

Despite the current pandemic, Canada continues to combat international tax evasion, reports Elizabeth Egberts and Laurie Goldbach of BLG
Partner Posts

It’s time to set the bar higher for year-end and tax

Public Accountant Helina Patience on setting your practice up for success

Are you ready for your CEWS audit?

Anu Nijhawan, Martin Sorensen, and Hennadiy Kutsenko of Bennett Jones LLP on preparing for a CRA CEWS audit

Tax search warrants per Income Tax Act

In certain circumstances, solicitor-client privilege may be available for accountant-client correspondence

Ontario in second COVID-19 state of emergency. Tax Court of Canada shuts down again

The last Tax Court decision involved another CRA transfer pricing case: Dow Chemical Canada ULC v. The Queen

Grant Thornton expands across Canada, adding seven accounting practices

All seven firms are well-established practices in four provinces

CRA eyeing influencers, video game streamers for unreported taxes

Canadian influencers earn millions and the CRA wants its cut, says tax accountant and lawyer David Rotfleisch
Thought Leaders

Canada should repeal the small business deduction

There is little evidence supporting the efficacy of the SBD, says Allan Lanthier

Blueprinting success: Secrets to being audit-ready

Blueprint Accounting in Ottawa makes Receipt Bank mandatory for its clients

Receipt Bank launches app to connect desktop users to the cloud

Receipt Bank Connect App to integrate with all major desktop accounting software

Why is the CRA targeting temporary labour agencies?

The Canada Revenue Agency believes many agencies engage in fraudulent tax schemes

Updates to CERS, CEWS & CEBA

Canadian tax lawyer and accountant David J. Rotfleisch reviews recent updates to government support

Should Canada have a wealth tax: lessons learned

Wealth taxes are not new – and many countries that had them have abandoned them, says Margaret R. O'Sullivan of O'Sullivan Estate Lawyers LLP

CRA operational update - Ten things you need to know (Fall 2020)

Stevan Novoselac of Gowling WLG on the October update from the CRA

No elation when rectification takes a vacation

John A. Sorensen of Gowling WLG looks at the recent rejection of a rectification application as retroactive tax planning

Deducting motor vehicle expenses: Gardner v The Queen

A recent Tax Court decision provides guidance for taxpayers working from home during the COVID-19 pandemic

Toronto employment agency owner sentenced for tax fraud

The CRA may have an ongoing project to scrutinize staffing agencies and their clients, says Canadian tax lawyer and accountant David J. Rotfleisch

Davidson & Company beats SME accounting firms in H1 audit client gains

2020 H1 SEDAR data of Canadian SME firms crunched by Audit Analytics