Taxation

Business
Friday News Roundup 21.05.07: Isle of Man, Laurentian, slow CRA on CRB and more
Wrapping up the odds and ends in this week’s Canadian accounting news
- COMMENTS 13
- LIKES 149
- VIEWS 160

Practice
Tax D-Day: As April 30 comes to a close, no extension for accountants despite 75k petition, CRA service disruptions
A tax season like no other is finally coming to a close. CPAs won’t soon forget it
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
2021 Canadian federal budget – Top 5 tax measures
Jeremy Ho and Kabir Jamal, partners in the Tax Group at McCarthy Tétrault, on five key tax proposals, from interest deductibility limits to a new digital services tax
- COMMENTS 13
- LIKES 149
- VIEWS 160

Transfer Pricing
Canadian budget proposes new cross-border interest deductibility limit
Jared A. Mackey, Brendan Sigalet and Philip B. Ward of Bennett Jones LLP on a fundamental change to the existing interest deductibility regime
- COMMENTS 13
- LIKES 149
- VIEWS 160

Global
OECD Report: The role of corporations in fighting white collar crime enablers
OECD report recommends actions to battle global white collar crime accomplices
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
2021 Federal Budget – Spend, spend, spend (part deux) with some interesting tax measures
Kim G C Moody FCPA, FCA, TEP and members of the Moodys Tax Law team in Calgary provide commentary and analysis of Budget 2021
- COMMENTS 13
- LIKES 149
- VIEWS 160

Profession
Canadian accountants petition CRA for tax deadline extension
More than 50,000 taxpayers are signing petition available on Change.org
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
Friday News Roundup 21.04.16: Watch out! Covid accounting inspectors! Plus (no) tax deadline extensions, and more!
Wrapping up the odds and ends in this week’s Canadian accounting news
- COMMENTS 13
- LIKES 149
- VIEWS 160

Practice
Tax Court: No penalty for tax return filed without person's knowledge
The CRA did not rightfully impose a gross-negligence penalty in Bowker v. The Queen, explains tax accountant and lawyer David J Rotfleisch
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
Friday News Roundup 21.04.09: A capital (gains) idea, corporate tax, bashing bloggers, grumpy accountants and more
Wrapping up the odds and ends in this week’s Canadian accounting news
- COMMENTS 13
- LIKES 149
- VIEWS 160

Thought Leaders
Filing tax returns, paying income tax, is saving us during COVID-19
Tax accountant and lawyer David J Rotfleisch says paying our income taxes is what keeps Canada a great country to live in
- COMMENTS 13
- LIKES 149
- VIEWS 160

Practice
CRA's views on charitable remainder trusts
CRTs can be a useful charitable giving tool say M. Elena Hoffstein and Brittany Sud of Miller Thomson LLP
- COMMENTS 13
- LIKES 149
- VIEWS 160

Profession
A Taxonomy Of Tax Professionals
With a close look at US tax professionals from Jason Galek of Moodys Tax Law
- COMMENTS 13
- LIKES 149
- VIEWS 160

Business
Tax litigators may represent corporations in Canada Tax Court appeals
But under certain conditions, accountants may represent taxpayers in Tax Court
- COMMENTS 13
- LIKES 149
- VIEWS 160

Practice
A pending VDP application won't stop a CRA tax reassessment
Notably, says Canadian tax accountant and lawyer David Rotfleisch, a voluntary-disclosure application must indeed be voluntary
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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"
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

Thought Leaders
Tax ‘pandemic profiteering’ by tech companies to help fund public education
Trevor Norris says public education should receive tech sector taxation revenue
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

Thought Leaders
The myth of CERB forgiveness
Critics of CERB forgiveness miss the point, says Allan Lanthier, FCPA, FCA
- COMMENTS 13
- LIKES 149
- 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
- COMMENTS 13
- 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
- COMMENTS 13
- 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
- COMMENTS 13
- LIKES 149
- VIEWS 160