Tax
Accounting for Law
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Major changes on tax return can trigger review

A number of tax claims have the potential to attract an auditor’s attention, but significant changes from one year to the next are almost certain to lead to a review of ... Read more

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Disproportionate expense claim guarantees CRA audit

Getting audited is not the end of the world, but it can be stressful for taxpayers — and there are certain claims that will almost certainly trigger a closer look ... Read more

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Law firms should update potential electronic security vulnerabilities

The Panama Papers scandal should prompt law firms, and other professional services firms, to update their electronic security measures, says Toronto business lawyer Joel ... Read more

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Potential partnership requires right approach to practice

Having the right outlook is an important quality for young lawyers hoping to one day be considered for partnership; senior partners want to see that associates are willing to take ... Read more

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Offshore pensions, assets among biggest tax filing errors

There are a number of mistakes Canadians often make when filing their taxes, but one of the most common is forgetting to declare an offshore pension, Toronto tax attorney David ... Read more

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Safe path best for dealing with offshore tax evasion

Amid news that a group of media outlets has revealed the hidden identities of hundreds of Canadians with investments in offshore tax havens, Toronto tax litigation lawyer  ... Read more

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Data leak highlights risk of unreported offshore assets

While the recent release of millions of documents detailing the offshore assets of a number of prominent international figures may be unprecedented in terms of its scale, this is ... Read more

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Executors: Prepare for CRA’s due diligence on deceased’s real estate

By Avi Dahary Occasionally, an estate executor may be in a situation where a deceased’s estate includes a real estate property that consists of attached principal ... Read more

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Confidential CRA deal status quo for voluntary disclosures

While reports that the Canada Revenue Agency (CRA) has entered into a ‘secret’ deal with high-net worth individuals who participated in an offshore tax shelter may ... Read more

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Hasty shredding of tax records can bring serious penalties

While it is a commonly held belief that tax records only have to be kept for six years, the question of when to dispose of documents and which ones can be purged is more complex ... Read more

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Unreported online income may require voluntary disclosure

Although there is no difference in the tax treatment of income from website Airbnb or sales by a corner store, the Canada Revenue Agency (CRA) is concerned that not all income ... Read more

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Telltale signs will expose fraudulent CRA call

Tax season is here and Canadians seem to be receiving threatening calls and emails claiming to be from the Canada Revenue Agency (CRA) on a daily basis — but there are ... Read more

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NewLaw taking action to change the legal industry

The Building NewLaw podcast is now live, with Toronto tax litigation lawyers and hosts  Peter Aprile  and Natalie Worsfold exploring how innovative professionals are ... Read more

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Tax from shared economy in government crosshairs

News that Ontario’s Ministry of Finance is partnering with Airbnb to educate consumers on their tax responsibilities when using the online service is just the latest example ... Read more

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Podcast hopes to connect lawyers, spread ideas, promote change

On  March 1 , join Toronto tax litigation lawyers  Peter Aprile  and Natalie Worsfold for the launch of the  Building NewLaw podcast  — aimed at ... Read more

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CPD webinar to focus on real estate tax issues

Toronto tax litigation lawyer  David J. Rotfleisch is hosting a webinar via CPDonline.ca, where he shares his expertise on the tax implications lawyers may ... Read more

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Taxpayer use of voluntary disclosures on the rise

Newly released data from the Canada Revenue Agency (CRA) shows that more taxpayers are making use of the Voluntary Disclosures Program (VDP) to report previously undisclosed ... Read more

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'Duty of care' rulings may change CRA treatment of taxpayers

A pair of recent court decisions that confirm the Canada Revenue Agency (CRA) owes a legal duty of care to Canadians may change the way in which the agency handles taxpayers ... Read more

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CRA doesn't know what it shared improperly with spy agency

OTTAWA – The federal revenue agency says it doesn't know what sort of taxpayer information a rogue employee improperly shared with the Canadian Security Intelligence Service ... Read more

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Attorneyship, guardianship accounts and separating between capital and revenue transactions

By Avi Dahary Periodically, I am asked to comment on attorneyship or guardianship accounts that were prepared by someone else for court-passing and in some cases the first ... Read more

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