Taxation

Business

New provincial committee to review government spending in every department, premier says

Critics say Premier Smith, whose popularity has plunged, is looking for ways to deliver on a signature campaign promise that was broken in the last budget
Practice

Is it easier for the IRS to collect Canadian tax debt?

Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA
Profession

Sunday News Roundup 24.08.18: Audit watchdog raises the bar, duelling tax tales, and more Canadian accounting news

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

Report shows Alberta tax revenue from renewables up 92 per cent

Alberta's moratorium on wind and solar projects has chilled renewables despite the benefits of tax revenue, job creation and cheap energy to taxpayers
Business

Officials to Queen's Park: Fee freeze to aid home building hurts local taxpayers

Conservation authorities in London, Ontario want the Doug Ford government to reverse its province-wide freeze on fees that benefit home-building developers
Practice

Crossing the border, part three: Individual retirement plan tax issues for Canadian and American expatriates

In the final part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at tax situations in which U.S. residents with IRA and Roth IRA funds relocate to Canada
Practice

Crossing the border, part two: Individual retirement plan tax issues for Canadian and American expatriates

In the second part of a three-part series on cross-border tax issues, Professor George Gonzalez looks at Canadian residents with RRSP and TFSA funds who expatriate to the United States
Practice

Taxpayers Beware: CRA’s new tools for catching tax evasion, avoiding tax debt

As David J Rotfleisch explains, the most recent federal budget included plans to hold tax professionals accountable as well as notices of non-compliance
Practice

Crossing the border, part one: Individual retirement plan tax issues for Canadian and American expatriates

In the first part of a three-part series on cross-border tax issues, Professor George Gonzalez presents an overview of individual employee retirement plans in Canada and the United States
Practice

Active Asset Management v. The King Case Study

Lorne Saltman of Gardiner Roberts LLP on a recent Tax Court dispute as to whether declared dividends and promissory notes constituted a transfer of property
Business

Municipalities not happy about Alberta changes to unpaid oil and gas property taxes

Residential property taxes may increase due to backtracking by the Alberta government over unpaid municipal taxes owed by oil and gas industry producers
Practice

Guide to Canadian tax rules on benefits arising from use of corporate assets (e.g., money, trips, boats, cars, space trips, etc.

What happens when business owners dip into their corporation's pockets to pay for personal expenses? Potentially dire consequences, says David J Rotfleisch