Like Canada, Australia created a digital tax that US President Trump could deem as discriminatory or extraterritorial, and subject to retaliatory tariffs

A hundred thousand tax assessments were reversed in 2023, but the City of Toronto has taken concrete steps to revamp the VHT regime for the 2024 tax year

Canadian companies and pension funds were already lobbying for appropriate tax treatment ahead of President Trump pulling out of the OECD minimum tax deal

Farming advocates continue to oppose tax changes that would affect profits from the intergenerational sale of agricultural land despite mitigating measures

Donald Trump has put Pierre Poilievre in a political bind, with two feuding conservative premiers, stale messaging around taxes and no coherent trade policy

Numerous factors including inflation, limited housing, a weaker dollar, and global political tensions, continue to play a significant role in affordability

These succession planning strategies can be cost-effective and save large amounts of tax that would otherwise be payable upon admitting the will to probate

Small business owners in towns like Vankleek Hill, Ontario are critical of the federal sales tax holiday, questioning its value and criticizing its rollout

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

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