Taxpayers are on the hook for an economically disastrous Faustian bargain that will burden future generations of Canadians as it contributes to climate chaos

Canadian tax accountant and lawyer David J Rotfleisch explains why the FCA quashed a Tax Court of Canada decision involving a CRA GAAR abuse analysis

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

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

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

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

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

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

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

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

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