Tax
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Trust taxation changes a 'headache' for taxpayers

When changes to the taxation of testamentary trusts take effect on Jan. 1, the additional cost for taxpayers is likely to be in the tens of thousands of dollars per year for each ... Read more

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Only legal non-residents exempt from paying CRA

While there is nothing unusual about parents buying real estate for their student children in Canada, offshore-based property buyers should make sure they are considered ... Read more

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The case for preparing annual estate accounts

It’s prudent for executors and trustees to hire an expert to prepare the estate accounts and the trust tax return at the same time, says  Avi Dahary , founder of  ... Read more

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Breaches of confidentiality expose taxpayers to damages

News that most of the privacy breaches reported by the Canada Revenue Agency (CRA) in 2014 were committed by the agency’s employees highlights the need for tougher sanctions ... Read more

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CRA may see influx of tips after Ashley Madison hack

Relationship strife may not be the only fallout from the recent information hack at the adultery website Ashley Madison — the Canada Revenue Agency (CRA) could ... Read more

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Rules around eligible medical expenses need loosening

While recent news reports say the Canada Revenue Agency (CRA) is now allowing medical marijuana as an eligible medical expense, the agency’s recognition of ... Read more

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Tax obligations, debts continue for incapacitated individuals

As incapacitated individuals have the same tax filing requirements as all other taxpayers, substitute decision makers should be sure to stay on top of their ... Read more

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Webinar to outline tips for navigating tax audits

On Oct. 1 , Toronto tax litigator  Adrienne Woodyard  will share practical strategies for navigating audits and resolving tax disputes with the government via a ... Read more

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Large costs award for CRA provides lessons for taxpayers

The Tax Court of Canada's recent move to hand down one of the first cost awards against a taxpayer under a new set of rules should be considered a cautionary ... Read more

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More to uncollectible tax debt data than meets the eye

Recent reports detailing the Canada Revenue Agency's (CRA) move to write off some $4 billion in uncollectable debts over the last two years do not necessarily ... Read more

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Seek out reputable accountant to guard against tax fraud

Unfortunately for taxpayers, cases of fraud involving tax preparers are a well-known phenomenon in Canada, and serve to highlight the importance of using a reputable accountant, ... Read more

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Employee v. freelancer distinction key from tax perspective

The question of whether a person is an employee or an independent contractor can be a minefield from a tax point of view, with the employer assuming most of the risk, Toronto tax ... Read more

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Ruling in Guindon will likely mean more tax preparer penalties

The Supreme Court of Canada's recent ruling that administrative monetary penalties do not offend constitutional rights will likely have a “chilling” effect ... Read more

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Case confirms CRA cannot arbitrarily delay assessment

The Federal Court’s recent move to order the Canada Revenue Agency (CRA) to process a tax return it had been holding for two years in hopes of discouraging ... Read more

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Implications of tax disclosure case 'troubling' for public companies

A recent Federal Court decision that compels a large business to disclose the "roadmap" of its uncertain tax positions to the Canada Revenue Agency (CRA) may signal a "troubling" ... Read more

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Passion, talent not enough to prove business activities

A recent Tax Court of Canada decision that questioned whether a hockey blog is a business or a hobby should remind entrepreneurs of the importance of understanding ... Read more

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CRA dispute highlights transfer pricing rules, requirements

News that the Canadian Revenue Agency is seeking more than US$200 million in back taxes and penalties from a Vancouver-based "streaming" firm is an important reminder that ... Read more

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Federal revenue agency writes off billions in 'uncollectible' tax debts

OTTAWA - The federal revenue agency has written off at least $4 billion in debts in the last two years - including accounts worth more than $10 million, newly released records ... Read more

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Jump in voluntary disclosures shows awareness of new reality

Recently reported data that shows a large increase in the number of voluntary disclosures to the Canada Revenue Agency (CRA) is just the latest sign that taxpayers are ... Read more

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Taxpayers must approach CRA audits strategically

When it comes to managing a Canada Revenue Agency (CRA) audit, the key thing for taxpayers to keep in mind is that in most cases, there is a “reverse onus” on the ... Read more

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