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Tuesday, February 18, 2020 @ 9:04 AM

Boosting the rate of technology adoption | Aaron Baer

For many observers of the legal industry, the seemingly glacial change of innovation can be astounding. After all, it’s not unreasonable to wonder how the use of data analytics, process mapping or new technology within a law firm can be considered to be innovative. But the reality is that lawyers (and law firms) are often resistant to change. Being trained to identify all potential risks and being subject to a system that relies so heavily on precedent doesn’t exactly align itself well to change. And of course, there’s the incentive misalignment that will remain present in the legal profession so long as the billable hour reigns supreme. ... [read more]

Wednesday, February 12, 2020 @ 10:48 AM

Cross-border stock options at risk of double taxation Canadian-American hands with coin

Canadian residents who receive an incentive stock option from an employer in the United States may wind up paying tax twice. And the government of Canada isn’t making things easier. ... [read more]

Wednesday, February 12, 2020 @ 9:50 AM

CREDITORS AND CLAIMS - Claims - Filing 

Appeal by Levick from the dismissal of his motion to disallow payment of a dividend to Canada Revenue Agency in his bankruptcy proceedings. ... [read more]

Tuesday, February 11, 2020 @ 2:10 PM

Immigrants beware: IRS, CRA operate differently canada_u.s._tax_sm

For immigration purposes, life would be easier if the Internal Revenue Service in the United States and the Canada Revenue Agency in Canada were on the same page. But they are not, and for this reason people must be aware of their status for tax obligations. ... [read more]

Friday, February 07, 2020 @ 1:21 PM

Transferring tax debt between parties Man_examining_electronic_receipt

On Jan. 10, the Tax Court of Canada handed down a decision in the appeal Scott v. Canada 2020 TCC 4. This has some interesting comments on issues that affect our clients every day. ... [read more]

Wednesday, February 05, 2020 @ 11:07 AM

Robot justice: China’s use of Internet courts Robotscales

Would it scare you if I said that China has been doing this since 2017? In December 2019, China has announced that millions of legal cases are now being decided by “Internet courts” that do not require citizens to appear in court. The “smart court” includes non-human judges, powered by artificial intelligence (AI) and allows participants to register their cases online and resolve their matters via a digital court hearing. ... [read more]

Tuesday, February 04, 2020 @ 2:45 PM

Dying with an IRA: Tax planning after U.S. changes U.S. dollar nest eggs

On Dec. 20, 2019, U.S. President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The purported intention of the SECURE Act is to provide greater access to tax-advantaged accounts and decrease the chances of outliving one’s assets. ... [read more]

Thursday, January 30, 2020 @ 8:48 AM

Lawyers who trade cryptocurrency: Remember the CRA Cryptocurrencies

If you invest in cryptocurrency and trade it on exchanges, the taxation of cryptocurrency presents challenges. It is important for taxpayers who hold cryptocurrency to understand how the current tax law would apply to cryptocurrency as well as Canada Revenue Agency’s (CRA) position on cryptocurrency. ... [read more]

Thursday, January 30, 2020 @ 6:18 AM

CUSTOMS AND EXCISE - Offences - Failure to report goods - Unlawfully imported goods

Appeal by the Crown from an order dismissing the information charging the respondent under the Customs Act with failing to report imported goods, attempting to evade payment of duties for goods, possession of imported goods and with possession of explosives contrary to the Explosives Act. ... [read more]

Wednesday, January 29, 2020 @ 10:00 AM

Quebec tax agency can’t invoke Crown interests in access to information matters: commission Paul Ryan

Quebec’s Access to Information Commission held that Revenu Quebec cannot invoke “Crown priority” in access to information matters, handing a legal victory to a produce retailer targeted by the provincial tax authorities. The decision, a development that took the tax legal community by surprise, appears at first glance to hand taxpayers, particularly those who have been charged or are facing criminal charges, with a tangible means to obtain information that the provincial tax authority may be reluctant or unwilling to share, according to tax lawyers. ... [read more]