Taxation

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
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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
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- VIEWS 160

Thought Leaders
The myth of CERB forgiveness
Critics of CERB forgiveness miss the point, says Allan Lanthier, FCPA, FCA
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- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- VIEWS 160

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
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- VIEWS 160

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
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- VIEWS 160

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
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- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

Practice
Canadian criminal tax evasion sentencing
A Brampton business owner was one of the few taxpayers to be sentenced in 2020
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- VIEWS 160

Practice
TFSA penalty relief: A Canadian tax lawyer's guidance
The CRA acted unreasonably in a recent TFSA overcontribution case
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- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- VIEWS 160

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
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- VIEWS 160

Practice
Tax search warrants per Income Tax Act
In certain circumstances, solicitor-client privilege may be available for accountant-client correspondence
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- VIEWS 160

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
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- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

Thought Leaders
Footing the COVID-19 bill: Economic case for tax hike on wealthy
How Canada compares to Western economies in terms of taxes and inequality
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- VIEWS 160

Business
How would big tax hikes from Joe Biden affect Canada?
Canadian accounting, economic experts predict a tough road ahead for Biden
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- VIEWS 160

Business
Friday News Roundup 20.12.18: CERB turmoil, tax gaps and havens, and more
Wrapping up the odds and ends in this week’s Canadian accounting news
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- VIEWS 160

Transfer Pricing
AgraCity Ltd. v. The Queen, case study
Will recent CRA tax court losses result in the toughening of transfer pricing rules?
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- LIKES 149
- VIEWS 160