Taxation
Business
How would big tax hikes from Joe Biden affect Canada?
Canadian accounting, economic experts predict a tough road ahead for Biden
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Business
Friday News Roundup 20.12.18: CERB turmoil, tax gaps and havens, and more
Wrapping up the odds and ends in this week’s Canadian accounting news
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Transfer Pricing
AgraCity Ltd. v. The Queen, case study
Will recent CRA tax court losses result in the toughening of transfer pricing rules?
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Thought Leaders
Advocates applauded as Canada zero-rates tax on face masks, shields
Cyndee Todgham Cherniak an early advocate of zero-rated PPE
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Partner Posts
Understanding wage subsidies at year-end
Rachel Fisch of Wagepoint on TWS & CEWS compliance in time for 2020 year-end
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Profession
Are net wealth taxes what Canada needs to manage its growing deficit?
A wealth tax isn’t a silver bullet says Fred O'Riordan, EY Canada Tax Policy Leader
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Thought Leaders
Canada should repeal the small business deduction
There is little evidence supporting the efficacy of the SBD, says Allan Lanthier
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Business
Why is the CRA targeting temporary labour agencies?
The Canada Revenue Agency believes many agencies engage in fraudulent tax schemes
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Practice
Updates to CERS, CEWS & CEBA
Canadian tax lawyer and accountant David J. Rotfleisch reviews recent updates to government support
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Practice
Should Canada have a wealth tax: lessons learned
Wealth taxes are not new – and many countries that had them have abandoned them, says Margaret R. O'Sullivan of O'Sullivan Estate Lawyers LLP
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Practice
CRA operational update - Ten things you need to know (Fall 2020)
Stevan Novoselac of Gowling WLG on the October update from the CRA
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Practice
No elation when rectification takes a vacation
John A. Sorensen of Gowling WLG looks at the recent rejection of a rectification application as retroactive tax planning
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Practice
Deducting motor vehicle expenses: Gardner v The Queen
A recent Tax Court decision provides guidance for taxpayers working from home during the COVID-19 pandemic
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Practice
Toronto employment agency owner sentenced for tax fraud
The CRA may have an ongoing project to scrutinize staffing agencies and their clients, says Canadian tax lawyer and accountant David J. Rotfleisch
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Business
Canadians will pay the bill for COVID-19 in higher taxes — here’s how it will likely happen
Gordon Pape on eight potential Canadian tax increases post-pandemic
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Practice
Hansen v The Queen: The principle residence exemption and house flipping
Tax lawyer and accountant David Rotfleisch looks at a recent Tax Court ruling involving a CRA charge of gross negligence
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Practice
Refinancing Prescribed-Rate Loans Used For Income Splitting
Vincent E. Didkovsky of Newport Private Wealth and Michael Goldberg of Minden Gross on minimizing the risk of a challenge from the CRA
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Book Reviews
Book Review – Victory Over the CRA: An Accountant's Guide to Representing a Client
Tax Lawyer Dale Barrett wears the white hat in a timeless showdown with the CRA
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Practice
Professional corporations and income for child support – Guidance from the BC Court Of Appeal
Chantal M. Cattermole of Clark Wilson LLP on a case involving competing income assessments prepared by two Canadian accountants
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Business
WE Charity demise shows why trust, transparency are so critical for NGOs
Most NGOs fund their operations from taxpayer dollars, says accounting doctoral candidate Nelson Duenas
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Practice
Rogers Enterprises (2015) Inc. v The Queen
Beware the tax trap of GAAR, says tax lawyer and accountant David Rotfleisch
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Practice
Here comes the CEWS audits
Practitioners are now seeing the first CRA "small-scale" CEWS audits say Kenneth Keung and Kim G C Moody of Moodys Tax
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Thought Leaders
The throne speech: Fiscal prudes are fretting about the wrong issues
Finance public policy professor Marc-Andre Pigeon says much of government debt is simply accounting entries
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Practice
Changes to the Canadian principal residence exemption – part two
Kim G C Moody provides an update to the principal residence exemption conversation
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Business
What will be the impact of the WE Charity scandal on the Canadian charity sector?
A longform article by charity sector lawyer Mark Blumberg on the We Charity, its governance and for-profit activities
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