Tax

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 than it appears, Toronto tax litigator Adrienne Woodyard writes in Lawyers Weekly . Read more

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 earned online is being properly declared, Toronto tax attorney David J. Rotfleisch writes in Lawyers Weekly . Read more

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 several ways for taxpayers to spot these scams, Toronto tax litigation lawyer David J. Rotfleisch tells AdvocateDaily.com. Read more

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 of how income from the shared economy has become a government priority, says Toronto tax litigation lawyer David J. Rotfleisch. Read more

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 encounter when dealing with clients’ real estate issues. Read more

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 income or incorrect information — and ultimately avoid the risk of prosecution and penalties, says Toronto tax litigation lawyer David J. Rotfleisch. Read more

'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 and their rights, Toronto tax litigation lawyer David J. Rotfleisch tells the Financial Post . Read more

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 because CSIS has wiped the files from its database. Read more

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 observation I have is that the transactions recorded in the accounts are separated between the capital account and the revenue account (i.e. between capital receipts, capital disbursements, revenue receipts and revenue disbursements.) Read more

Tax compliance of Uber drivers natural target for CRA

Although reports have surfaced claiming the Canada Revenue Agency (CRA) is attempting to audit rideshare company Uber, the agency is likely more interested in ensuring that its drivers are tax compliant, says Toronto tax litigation lawyer David J. Rotfleisch . Read more

Rotfleisch featured tax expert on new advice site

Toronto tax litigation lawyer David J. Rotfleisch and his firm Rotfleisch & Samulovitch Professional Corporation will be featured as experts on the newly-launched Mondaq Canada Tax Assistance Advice Centre website . Read more

Woodyard to outline tax issues for civil litigators at OBA Institute

Toronto tax litigator Adrienne Woodyard is set to share her expertise on tax issues facing civil litigators as part of the Ontario Bar Association’s Institute 2016. Read more

Incorporation brings tax advantages for law firms

There are both tax and non-tax related reasons for lawyers to consider incorporation, but to date, only a small number of firms have structured themselves in this way, Toronto tax litigation lawyer David J. Rotfleisch tells Law Times . Read more

CRA can 'reset' limitation period on tax debt collection

The Canada Revenue Agency (CRA) may be prevented from collecting tax debts that are more than 10 years old — but only if there has been no collections action from the agency during that time, Toronto tax litigation lawyer David J. Rotfleisch writes on Mondaq.com. Read more

Case highlights limits of CRA audit powers

A Quebec judge's recent criticism of the Canada Revenue Agency’s conduct in a probe that led to criminal charges highlights the fact that the CRA is not permitted to use its audit powers as part of a criminal or tax evasion investigation, says Toronto tax litigation lawyer David J. Rotfleisch. Read more