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
- COMMENTS 13
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- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
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- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160

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
- COMMENTS 13
- LIKES 149
- VIEWS 160