Tax

SCC ruling ends demands for tax lawyer accounting records

The Supreme Court of Canada’s recent move to declare invalid a section of the Income Tax Act (ITA) that exempted lawyers' accounting records from solicitor-client privilege means that lawyers are no longer required to respond to the government's demands to release these types of files, Toronto tax lawyer David J. Rotfleisch tells AdvocateDaily.com. Read more

CRA options extensive for collecting unpaid taxes

With recent reports claiming that the Canada Revenue Agency’s (CRA) total uncollected tax debt has soared in the last decade, taxpayers should be aware that the agency can use ‘draconian’ powers in order to collect those overdue amounts, Toronto tax attorney David J. Rotfleisch tells AdvocateDaily.com. Read more

Decision shows difficulty of establishing fraud in tax court

A lawyer’s failed bid to reopen his Tax Court of Canada case after accusing the justice department of defrauding the court not only shows how difficult it is to establish fraud, but also how important it is for lawyers to communicate clearly with large groups of related appellants, Toronto tax litigator Adrienne Woodyard tells Law Times . Read more

Illegal unreported offshore income focus of CRA, global crackdown

While it is not illegal to have an offshore account, it is against the law to fail to declare offshore income or assets to the taxman — and the Canada Revenue Agency (CRA) is already looking into a number of names contained in the ‘Panama Papers’ information leak, Toronto tax attorney David J. Rotfleisch tells Newstalk 1010’s The Night Side. Read more

Voluntary disclosure window closing as CRA explores Panama Papers

Following news that the Canada Revenue Agency (CRA) has access to the information contained in the infamous ‘Panama Papers,’ time is running out for those involved to file a voluntary disclosure with the taxman, Toronto tax attorney David J. Rotfleisch tells AdvocateDaily.com. Read more

CRA enforcement efforts set sights on domestic, offshore accounts

News that recent enforcement initiatives significantly surpassed the Canada Revenue Agency's (CRA) expectations in 2014-2015 is just the latest evidence that the taxman is being more aggressive with its collections for both domestic and offshore accounts, Toronto tax attorney David J. Rotfleisch tells AdvocateDaily.com. Read more

Not filing returns risky way of handling tax dispute

One B.C. man may have only received the minimum penalty after recently being convicted of failing to file tax returns, but it is possible that someone in a similar situation could be ordered to pay a much larger fine or even face jail time, Toronto tax attorney David J. Rotfleisch tells AdvocateDaily.com. Read more

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 an individual’s tax return, Toronto tax attorney David J. Rotfleisch tells the Canadian Press , as reported by Global News. Read more

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 by the Canada Revenue Agency (CRA), Toronto tax attorney David J. Rotfleisch tells Newstalk 1010’s The Night Side. Read more

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 Berkovitz. Read more

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 extra steps to build their practices, Toronto tax litigator Adrienne Woodyard tells Lawyers Weekly . Read more

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 J. Rotfleisch tells Tangerine’s Forward Thinking website. Read more

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 not the first time this type of information has been leaked, Toronto tax attorney David J. Rotfleisch tells CTV News Network. Read more

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 residence and commercial space, which sparks a number of tax-related issues. Read more

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 seem shocking, it is consistent with the agency’s policy for voluntary disclosures , Toronto tax attorney David J. Rotfleisch tells AdvocateDaily.com . Read more