Taxation

Profession

What can Canadian accountants expect from François Boileau, the new Taxpayers' Ombudsperson?

In a wide-ranging interview, Boileau discusses the OTO mandate and CRA service
Practice

7 service problems accountants say the CRA could fix for tax preparers

Canadian accountants offer practical advice for "a tax season like no other"
Thought Leaders

Bounty programs: Ineffective in the war on money laundering

Think twice before extending American anti-AML programs to Canada, says UBC Allard School of Law Professor Joven Narwal
Thought Leaders

Tax ‘pandemic profiteering’ by tech companies to help fund public education

Trevor Norris says public education should receive tech sector taxation revenue
Practice

CRA Remission Guide: Canadian tax lawyer's overview

David Rotfleisch looks at the last resort of taxpayers for relief from tax debt and enforced penalties, including interest, in light of the COVID-19 pandemic
Transfer Pricing

Key takeaways from Supreme Court's termination of Cameco transfer pricing saga

The gulf will continue to grow between Canadian tax law and OECD Transfer Pricing Guidelines, says Steve Suarez of Borden Ladner Gervais LLP
Thought Leaders

The myth of CERB forgiveness

Critics of CERB forgiveness miss the point, says Allan Lanthier, FCPA, FCA
Transfer Pricing

Transfer pricing in the time of COVID-19

How the consequences of COVID-19 impact TP reporting and compliance is complex, say Claire M.C. Kennedy and Hennadiy Kutsenko of Bennett Jones
Thought Leaders

Stock traders beware of tax traps: The taxman cometh

For speculators in GameStop, the taxman awaits around the corner, says Vern Krishna, FCGA, FCPA, CM, QC of TaxChambers LLP
Practice

Deducting life insurance costs: Why opportunity may be overlooked

In part two of a two-part series, why paragraph 20(1)(e.2) of the Income Tax Act may be missed, from Dale Barrett and Simon Townsend of Barrett Tax Law
Practice

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
Practice

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
Practice

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
Practice

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
Business

Liberals do 180 on gross blunder over CERB eligibility of self-employed

Qualtrough, Lebouthillierand Trudeau also announce one-year grace period for pandemic relief tax debt
Practice

Canadian criminal tax evasion sentencing

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

TFSA penalty relief: A Canadian tax lawyer's guidance

The CRA acted unreasonably in a recent TFSA overcontribution case
Business

Corporation tax: ‘race to bottom’ may be ending after 40 years — here’s why it never made sense

The Canadian corporate tax rate follows decades-long global pattern of reduction
Practice

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
Thought Leaders

A brief history on the unpleasant subject of taxes

The story of income tax is rooted in war, explains Vern Krishna, FCGA, FCPA, CM, QC of TaxChambers LLP in Toronto
Practice

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
Practice

Tax search warrants per Income Tax Act

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

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
Retirement

RRSP Meltdown Strategy: A Canadian tax lawyer's tax guidance

Tax lawyer and accountant David Rotfleisch looks at a unique retirement financial strategy to create tax neutrality on RRSP withdrawals
Practice

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