Capping the stock option tax deducation is a a decisive shift away from stock options as a means of compensation but the overall salary gap remains high

The CRA can reassess a taxpayer beyond the normal reassessment period if tax return misrepresentations are due to carelessness, neglect or willful default

A recent Tax Court of Canada judgment shows why litigants should be aware of all potential court costs asserts tax lawyer and accountant David J Rotfleisch

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

A progressive tax that punished the wealthy for their outsized emissions would be more palatable than a flat steering tax that hurts low-income Canadians

Allan Lanthier examines the recent Bruyea decision of the US Court of Federal Claims, which allowed a tax treaty credit against US tax on investment income

Canadian tax lawyer and accountant David J Rotflesich looks at case law involving requests to the Canada Revenue Agency for disclosure of relevant records

When a taxpayer ceases to be a GST/HST registrant, they can face a significant tax liability, as in the case of Loupy’s Restaurant before the Tax Court of Canada

There are measurable costs to carbon pricing but they pale in comparison to global factors; for many Canadians, the tax rebate is far larger than the costs

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

Ontario makes material change to fund OPP costs in 2025 but municipalities wonder what will happen in 2026 and beyond to offset potential property tax hikes

Danny Whalen, president of the Federation of Northern Ontario Municipalities, says the Ontario government must take back responsibility for OPP costing

A review of recent CRA changes of note affecting Saskatchewan residents, including farmers, such as electronic filing, correspondence and automatic filing

Queen's Park is doling out $77-million to help ease sticker shock in municipalities provincewide from Ontario Provincial Police increased contract costs

Prior to the provincial election, the conservatives had promised a milti-million dollar surplus, but healthcare costs have driven the budget into deficit

Section 1247, subsections 220(2.1) and 220(3), of the Income Tax Act can grant relief from tax reassessment and filing requirements, says David J Rotfleisch

The municipality of Willow Creek has requested provincial support to “rat out bad actors” in collecting unpaid taxes from delinquent oil and gas companies

In the House of Commons, fact and fiction aren’t always absolutes; they’re often selective interpretations of cherry-picked data, on food banks or taxation

Ontario taxpayers may be saved from municipal property tax hikes if Doug Ford fixes ridiculous increase in police billing costs of new provincial contract

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

New Brunswick business supports a Liberal plan to give all industrial property taxes to municipalities but is wary of decoupling taxation from the province

When the Supreme Court of Canada denied Glencore’s leave to appeal, it ended a 30-year tax dispute, and characterized complex M&A fees as business income

Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy

The Supreme Court of Canada recently denied leave to a taxpayer’s unusual appeal of a Tax Court decision, explains Canadian tax lawyer David J Rotfleisch

Municipalities seeing shocking increases in Ontario Provincial Police costs and future property tax levies after Ford government’s OPP collective agreement