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Tax

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Monday, August 19, 2019 @ 10:30 AM

WeirFoulds adds four new associates

WeirFoulds announced that four of its former articling students have joined the firm as associates: Paul Conrod, Satnam Dosanjh, Talia Rotman and Alvin Yau. The four also summered with the firm before their articles. ... [read more]

Friday, August 09, 2019 @ 11:35 AM

Curtailing CRA audit power creates dilemma for taxpayers Woman standing before arrows

The recent Federal Court of Appeal decision in Canada v. Cameco Corporation, 2019 FCA 67 and the Canada Revenue Agency’s response to that decision have raised the stakes for taxpayers in developing a strategy to deal with a CRA audit. These developments leave taxpayers with a difficult choice: either submit to oral examination or risk being assessed based on incorrect assumptions. ... [read more]

Friday, August 09, 2019 @ 8:18 AM

PROVINCIAL AND TERRITORIAL TAXATION - Ontario

Appeal by placement agencies from the dismissal of their appeals from the Minister’s assessment of a health tax under the Employer Health Tax Act. ... [read more]

Thursday, August 01, 2019 @ 11:26 AM

Canada and U.S. are best friends when it comes to tax collecting American and Canadian Hands Shaking

Despite the rhetoric of current protectionist measures, we still live in an interconnected world. Not only do people, goods and services cross the border, but so do taxes. A good example of this interconnectedness is the Canada-U.S. Income Tax Treaty. Because they are friends who do for each other, Article 26A of the treaty allows the two countries to assist each other in the collection of taxes. ... [read more]

Thursday, August 01, 2019 @ 9:41 AM

CRA-IRS agreement over sharing banking information not Charter violation, Federal Court rules

A Federal Court ruling that dismissed a constitutional challenge of two Canadian laws that allow Canada to share with the United States banking information of U.S. citizens living in Canada is “insufficiently sensitive to Charter rights that are designed to protect a taxpayer’s fundamental privacy rights against unreasonable state action,” according to Queen’s University tax law professor Arthur Cockfield. ... [read more]

Monday, July 29, 2019 @ 1:00 PM

New wills and estates partner for Blaney McMurtry

Blaney McMurtry announced that Blair L. Botsford has joined the Toronto firm as a partner. ... [read more]

Thursday, July 25, 2019 @ 3:16 PM

Canada’s ambiguity on art: appeal decision awaited Blue iris closeup

The significant Heffel Gallery Limited v. Canada (Attorney General), 2018 FC 605 (Heffel) decision was appealed to the Federal Court of Appeal in February. Since the Heffel decision was rendered in June 2018, works applying to be certified by the Canadian Cultural Property Export Review Board for the purposes of the special donation tax credit were put on hold until the result of the appeal was released. ... [read more]

Thursday, July 25, 2019 @ 8:37 AM

M&A risk insurance becoming the new normal risk_insurance_sm

Mergers and acquisitions (M&A) can be a double-edged sword. When done right, M&A can allow acquirers to scale their businesses and create value through synergies. When done poorly, M&A can result in drastic overpayments for assets that are not nearly as valuable as believed and for economies of scale that are very difficult to achieve. ... [read more]

Thursday, July 25, 2019 @ 8:09 AM

GOODS AND SERVICES TAX (GST) - Rebates - New housing

Appeal by the Crown from a judgment of the Tax Court that determined the respondent was entitled to the new housing rebate. ... [read more]

Wednesday, July 24, 2019 @ 11:40 AM

Tax Court of Canada pilot project aims to increase access to justice Calculator with word tax

The Tax Court of Canada will soon conduct a pilot project, called a Preliminary Ruling Docket (PRD), which will offer a more expeditious, cost-effective way to obtain a preliminary ruling from the Tax Court. The opinion would not be binding on the parties. ... [read more]