Tax

Tax deal with U.S. opens new doors for CRA

The new arrangement means Canadian banks would report “relevant” information on accounts held by U.S. residents or citizens to the Canada Revenue Agency, which would share it with the IRS under existing tax treaty rules – making it consistent with Canadian privacy laws, said senior government officials. Read more

CRA income estimate may merit challenge

The Canada Revenue Agency (CRA) may be zeroing in on taxpayers working in industries that have the potential for unrepor... Read more

De-taxers reconsidering stance have options

Paying taxes may be considered unconstitutional in the “de-tax” movement, but for those having second thoughts about the... Read more

Non-filing, tax evasion charges may result in jail time

While failing to file a tax return differs from tax evasion, both charges could potentially result in a jail sentence, s... Read more

Unreported offshore income in focus as CRA program gears up

A federal program that will reward whistleblowers for reporting international tax evasion is set to ramp up, and Canadia... Read more

Federal Court ruling on charitable donations puts pressure on CRA

A Federal Court decision criticizing a local tax centre of the Canada Revenue Agency (CRA) for discouraging taxpayers fr... Read more

CRA offshore tax evasion investigation may need more resources

Although the government recently announced new funding for offshore tax investigations and audits, public... Read more

Conrad Black court battle before Tax Court in May

A Tax Court hearing in May could determine the outcome of an appeal for Conrad Black, who is in the midst of a court bat... Read more

Business travel poses tax risks

Business travel often brings to mind jet lag, roaming charges and lost luggage, but employers must also be aware of tax risks that businesses incur when they send employees into or out of Canada on temporary assignments, Toronto tax litigator Adrienne Woodyard writes in Lawyers Weekly. Read Lawyers Weekly Read more

Rich won’t run for border because of tax hike

Toronto tax lawyer Adrienne Woodyard says the McGuinty government’s new so-called tax on the rich won’t spark wealthy Ontarians to leave the province — but the expected financial windfall isn’t likely either. Read more