Taxation

Thought Leaders

Crystallizing capital gains before June 25: What about the GAAR?

Allan Lanthier explains why the General Anti-Avoidance Rule, as amended by Bill C-59, should not apply to a planning alternative to new capital gains rules
Practice

Federal Budget 2024 — Proposed Changes to Capital Gains Rules

Greg Farano of Gardiner Roberts LLP does a deep dive into the details of capital gains rule changes that may create uncertainty for taxpayers and their advisers
Profession

Sunday News Roundup 24.05.19: Shambolic tenant tax crisis, Poilievre capital gains op-ed, and more Canadian accounting news

Wrapping up the odds and ends from the past week in Canadian accounting news
Practice

Case Commentary: Persaud v The King – When can you claim tax deductions (Including medical bills) for dependants?

Tax residence is key, says Canadian tax accountant and lawyer David J Rotfleisch, to claiming medical expense deductions for dependents under the Income Tax Act
Thought Leaders

The new game in town: Capital gains and the alternative minimum tax

The federal government's new capital gains rules have left taxpayers in a pickle says Allan Lanthier. But here's a planning alternative with a deadline of June 24
Business

Less infrastructure funding leaves municipalities with tough decisions

Under a new funding formula, Alberta municipalities are receiving less funding from the provincial government than they did in 2011, leading to potential tax hikes
Business

Debate continues over impact of next minimum wage increase

In Niverville, Manitoba, one chartered professional accountant gives his perspective on a minimum wage that has increased by nearly four dollars in two years
Practice

Tax Court Of Canada rejects CRA's attempt to apply gross-negligence penalties in statute-barred years

Canadian accountant and tax lawyer David J Rotfleisch looks at the case of an Alberta restauranteur and an inheritance in Fuhr v. The King
Business

Carbon rebate could bode well for businesses: advocate

Small businesses are pleased to see the carbon rebate being rolled out but are nervous about the repercussions of the capital gains tax changes
Opinion

Letter to the Editor: PM Trudeau’s comment takes aim at accountants amidst capital gains changes confusion

John Oakey of CPA Canada says the Prime Minister's recent comment about accountants was an unexpected turn in the capital gains debate
Business

Queen's profs weigh in on federal budget

Two Queen's University professors question whether the Liberals have thought through the implications of their changes to capital gains taxation
Business

Unpaid taxes by oil and gas companies remains a concern for rural municipalities

In recent years, the issue of oil and gas companies owing money to Alberta municipalities has become a significant concern, with millions in unpaid taxes