Taxation

Profession

The Samaroo Case: CRA slapped for malicious prosecution by BC Supreme Court

It's not unusual for immigrants to avoid banks, even stashing $100 bills. The onus was on the CRA to prove its case. It failed.
Profession

CRA claims service improvements as tax season begins Monday

Vast majority of Canadians now filing online as CRA improves online service. Check with provincial associations for opportunities to volunteer in preparing tax returns for low income, senior Canadians
David J. Rotfleisch

How effective is the CRA at closing Canada’s tax gap?

How good is the Canada Revenue Agency at closing the tax gap? We’ll find out this year from the Parliamentary Budget Office if the CRA has indulged in PR spin.
Business

Canada Revenue Agency raids three companies in connection to Panama Papers

Early morning raids conducted in connection to Panamanian law firm Mossack Fonseca, two years after data leak
Business

Surprise! Canada Revenue Agency set to release tax gap data this month

Trudeau surprise announcement met with cautious optimism, concern by Canadian tax experts
Business

CPA with Type 1 diabetes pleased with CRA disability tax credit reversal

Everett Colby of Colby McGeachy Professional Corporation explains the real cost of diabetes
Business

CRA explains reversal on disability tax credit restrictions for diabetics

A tacit acknowledgment of unintended consequences, says Diabetes Canada
Business

CRA reverses disability tax credit restrictions for diabetics

Canadian accountants critical of Canada Revenue Agency DTC policy decisions
Business

These 3 US tax breaks could start a Canadian exodus

Divergent tax trends concerning to Canadian accountants with cross-border clients
David J. Rotfleisch

Death Knell: The Canada Revenue Agency Voluntary Disclosures Program

Tax Lawyer David Rotfleisch says that, contrary to popular opinion, the CRA's changes to the VDP will affect the poor and middle class more than the rich
Business

CRA tightens voluntary disclosures, targets offshore tax avoidance

The Canada Revenue Agency is starting a new, limited Voluntary Disclosures Program
Business

Morneau, Liberals head for the off-ramp, clarify new tax rules

Finance Minister has clarified rules around so-called "income sprinkling" and "off ramps"
Business

U.S. Senate Republicans pass massive tax bill, lower corporate rate impacts Canada

Lowering the U.S. corporate tax rate to 20 per cent will impact Canadian companies
David J. Rotfleisch

What are the ethical obligations of a tax professional?

Tax Lawyer David J. Rotfleisch on the ethical obligations of accountants and lawyers in practice
Business

CRA goes fishing for PayPal users on hook for taxes

The Canada Revenue Agency is looking to catch PayPal-registered businesses not declaring income or tax
David J. Rotfleisch

Trouble in Paradise: The end of tax haven secrecy

Cyberattacks on tax haven law firms means client records are no longer confidential
Business

Paradise Papers tax leak will further damage credibility of Trudeau, Morneau

Massive leak reveals tax avoidance schemes in upper echelon of Canadian politics
David J. Rotfleisch

Bill Morneau’s backpedalling recalls past tax debacles

Tax lawyer David J. Rotfleisch says the tax reversal would have likely occurred in a U.S. scenario as well
Business

History Repeating: How Bill Morneau blew the Liberals' chance at tax reform

If only Justin Trudeau had learned from the 1981 political disaster of Pierre Trudeau
Business

Morneau mars talk of tech tax support with tetchy remarks in Waterloo

As Andrew Scheer meets with Waterloo business owners, Morneau bristles at media questions
Business

Embattled Morneau backtracks on personal assets, business capital gains

Finance Minister Morneau to put assets in a blind trust, backtracks on capital gains
Business

Finance Minister Morneau announces changes to passive investment rules

Latest round of tax changes unlikely to impress or affect most Canadians
Business

Trudeau tries to re-set national tax proposals with small business tax cut

Stouffville event leaves tax experts wondering how govt will make up for lost revenue
Business

Canadian accountants await Morneau tax message on Monday morning

Latest Angus Reid poll shows disappointment with Liberals, support for tax proposals
Business

High price of land why farmers fighting Morneau tax proposals

Chartered Professional Accountant Fred Mertz of Calgary, Alberta says succession planning is key to the family farm