Tax
The Canadian Bar Insurance Association
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Taxpayer's responsibility to review accountant-prepared return

Although many Canadians hire a professional to prepare their tax return, the courts have generally been unwilling to allow taxpayers to rely entirely on their accountant to ensure ... Read more

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No such thing as materiality in estate accounts

While materiality is an important convention in accounting and auditing relating to the significance of an amount, transaction, or discrepancy, it has no real application in ... Read more

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David J. Rotfleisch's media roundup

Canadian tax lawyer   David J. Rotfleisch  is frequently called upon by the media to be a trusted source for their news stories, particularly for his focus on ... Read more

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Director liability for corporate tax debts depends on facts, geography

Because the rules regarding when and how an individual ceases to be a corporate director vary by jurisdiction, those who rely on the two-year rule to escape ... Read more

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U.S. Tax IQ webinar on Tax Cuts and Jobs Act

U.S. tax accountant  Brandon Vucen  and U.S. tax attorney Alexey Manasuev are hosting a free webinar to address key provisions of the Tax Cuts and Jobs Act and ... Read more

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Upcoming changes make CRA's VDP less attractive to taxpayers

Changes to the Voluntary Disclosures Program (VDP) set to take effect March 1 will make the initiative far less attractive to taxpayers and may lead to its effective demise, ... Read more

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Changes to tax reform proposals not beneficial to lawyers

While the federal government recently moved to scale back the tax reforms it proposed for professional corporations last year, the changes that will be the ... Read more

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Proactive tax planning a must for athletes on both sides of the Canada-U.S. border

Professional athletes plying their trade in both the United States and Canada need to get an early start on maximizing the tax efficiency of their ... Read more

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CRA move to obtain PayPal information not yet an enforcement action

Although PayPal has informed certain business account holders that it was recently ordered to release the details of their transactions to the Canada Revenue Agency ... Read more

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Profit on sale of bitcoins reportable to CRA

Even though bitcoin is bought and sold in cyberspace, any gains realized on a digital currency transaction must be reported to the Canada Revenue Agency (CRA),  Canadian ... Read more

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Announcement of audit targeting wealthy serves a purpose: Rotfleisch

Canada Revenue Agency (CRA) audits based on postal code may not be new, but in discussing its latest initiative targeting wealthy neighbourhoods, the taxman likely has a ... Read more

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Choosing an ideal executor requires time, consultation

The role of executor is a complex and time-consuming responsibility that requires a knowledgeable and trustworthy candidate, as well as a willingness to consult professionals when ... Read more

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Year-end tips for U.S. taxpayers living abroad

With 2017 coming to a close, U.S. taxpayers living abroad should make sure they are well-positioned to benefit from current and proposed regulatory changes, says ... Read more

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Cross-border tax compliance for professional athletes

By Alexey Manasuev With the globalization of sports around the world, and an unparalleled opportunity to get rare talent on one’s team, the professional sports leagues ... Read more

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CRA vows action on Canadian tax evaders exposed in Paradise Papers

OTTAWA — The Canada Revenue Agency says it won't hesitate to investigate new evidence of offshore tax evasion in the wake of a second massive leak of tax ... Read more

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Inappropriate for LSUC to impose values on licensees: Rotfleisch

While it may be simple for legal professionals to adopt the Law Society of Upper Canada’s (LSUC) new requirement to sign a statement of principles on diversity,  ... Read more

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Second life for post mortem tax planning

By Matt Trotta  and Josh Proulx The “death” The Department of Finance released potential changes to the Income Tax Act on July 18, 2017, that ... Read more

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Changes to proposed tax rules 'less damaging' for small businesses

Although elements of the previously proposed changes to the small business tax in Canada have survived and will create compliance burdens for taxpayers, a vigorous response from ... Read more

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How to limit tax risk when expanding to U.S. market

Small and medium-sized businesses considering expansion into the U.S. need to plan ahead to ensure they have limited tax exposure, Oakville-based U.S. tax attorney  ... Read more

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The position of executor: from cradle to grave – Part IV

By Avi Dahary The determination and discharging of debts and liabilities In part three of this series, I discussed identifying the assets that become part of the ... Read more

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