Taxation

Practice

Bank Of Nova Scotia v The King: How a procedural rule on loss carrybacks triggered $7.9M in interest arrears on tax not owing

It’s a matter of interest as to why Scotiabank is appealing to the Supreme Court of Canada after losing Canada Revenue Agency decisions in the lower courts
Practice

How CRA conducts net worth audits and enforces gross negligence penalties against Canadian taxpayers

David J Rotfleisch dissects the case of a certified management accountant and former employee of the CRA in Mann v The King and lessons from similar cases
Thought Leaders

Remember who the tax system is for

Francois Boileau, Canada’s taxpayers ombudsperson, responds to the article, The forgotten project of tax reform, by François Brouard and Bertrand Lemieux
Profession

CRA launches new process for Canadian taxpayers to authorize their tax representatives

Tax representatives can now be given instant access by individuals to their CRA online accounts due to a new process launched by the Canada Revenue Agency
Business

Ford and Smith divided over Trump response at premiers’ summit

An electricity export tax is a the centre of a disagreement between premiers Doug Ford and Danielle Smith as to how best to respond to Trump tariff threats
Business

Alberta: Unpaid taxes leave municipal districts in financial pickle

In Alberta, municipalities can no longer pay for joint healthcare and social services, because Smith government lets oil and gas companies off the tax hook
Business

New Brunswick: 'Change is needed' – Consultations begin on province's high property taxes

The new Liberal provincial government has frozen property taxes as it follows through with a campaign promise of tax reform currently in the discovery phase
Business

Patrick Brown’s $180M transportation funding gap just the beginning of pain for Brampton taxpayers

Critics say the property tax base — Brampton homeowners — will eventually be forced to cover substantial deficits as a result of budget and tax freezes
Practice

Can CRA require a taxpayer to prepare net worth audit schedules under the new section 231.1?

While the Canada Revenue Agency’s authority under section 231.1(1)(d) is broad, it is not unlimited, explains tax lawyer and accountant David J Rotfleisch
Business

Developers want Alberta government to intervene on Canmore vacancy tax

Developers are fighting a popular tourist town over the establishing of a higher tax for second homes that sit empty outside of tourist season in Alberta
Business

Alberta: Province’s new 8% tax bracket begins today

Tax cut applies to Albertans earning income up to $60,000 as Albertans continue to pay considerably less in overall taxes than those in other provinces
Practice

A guide to the Canadian tax treatment of domestic, foreign retirement compensation arrangements for high-income earners

Canadian tax lawyer and accountant David J Rotfleisch deconstructs lessons from the recent Tax Court Martin v The King decision involving the CRA and RCAs