Taxation

Business

How would big tax hikes from Joe Biden affect Canada?

Canadian accounting, economic experts predict a tough road ahead for Biden
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
Transfer Pricing

AgraCity Ltd. v. The Queen, case study

Will recent CRA tax court losses result in the toughening of transfer pricing rules?
Thought Leaders

Advocates applauded as Canada zero-rates tax on face masks, shields

Cyndee Todgham Cherniak an early advocate of zero-rated PPE
Partner Posts

Understanding wage subsidies at year-end

Rachel Fisch of Wagepoint on TWS & CEWS compliance in time for 2020 year-end
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
Thought Leaders

Canada should repeal the small business deduction

There is little evidence supporting the efficacy of the SBD, says Allan Lanthier
Business

Why is the CRA targeting temporary labour agencies?

The Canada Revenue Agency believes many agencies engage in fraudulent tax schemes
Practice

Updates to CERS, CEWS & CEBA

Canadian tax lawyer and accountant David J. Rotfleisch reviews recent updates to government support
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
Practice

CRA operational update - Ten things you need to know (Fall 2020)

Stevan Novoselac of Gowling WLG on the October update from the CRA
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
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
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
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
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
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
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
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
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
Practice

Rogers Enterprises (2015) Inc. v The Queen

Beware the tax trap of GAAR, says tax lawyer and accountant David Rotfleisch
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
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
Practice

Changes to the Canadian principal residence exemption – part two

Kim G C Moody provides an update to the principal residence exemption conversation
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