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Monday, September 10, 2018 @ 9:19 AM

FEDERAL INCOME TAX - Interpretation - Whether valid partnership

Application by the taxpayers for a Rule 58 determination of whether the Minister, after concluding no partnership existed, could make a valid determination in respect of the purported partnership under s. 152(4.1) of the Income Tax Act. ... [read more]

Monday, September 10, 2018 @ 9:16 AM

Trump’s tax changes hit U.S. residents of Canada, dual citizenship holders dual_citizen_sm

Recent tax changes in the United States can have huge implications for Canadian residents with U.S. or dual U.S.-Canadian citizenship. ... [read more]

Thursday, September 06, 2018 @ 9:22 AM

CJC to appeal Federal Court’s ruling that judicial council subject to judicial review; discipline body alleges errors, appearance of bias Simon Noel

The Canadian Judicial Council (CJC) is appealing an important jurisdictional decision in which the presiding Federal Court judge accuses the leadership of the council of 39 chief justices of disrespecting his court and making poor litigation choices, and also “questions” whether CJC responses to queries from The Lawyer’s Daily amounted to “pressuring” federal Justice Minister Jody Wilson-Raybould to fire a Quebec judge “without regard for the judicial [review] proceedings that are legitimately before this [Federal] Court. ... [read more]

Thursday, September 06, 2018 @ 8:43 AM

MLI tax treaty: What it means for taxpayers tax_break_sm

In the first article in this series, I outlined Canada’s evolving stance toward the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) — particularly its abandoning certain reservations surrounding certain key provisions in the convention. Below, we take a deeper dive into those provisions and their implications for taxpayers. ... [read more]

Wednesday, August 29, 2018 @ 7:24 AM

CBA toolkit helps family lawyers guide separating partners through tax issues Melanie Del Rizzo sm

Navigating a separation or divorce can be complicated enough without having to figure out how tax rules apply to a new family dynamic. The Canadian Bar Association (CBA) realized that and collaborated with Justice Canada, the Canada Revenue Agency (CRA) and Finance Canada to update its tax toolkit for family lawyers. The Tax Matters Toolkit, originally created in 2014, was recently updated to cover some of the more complex issues family lawyers deal with while helping their clients through a divorce. ... [read more]

Tuesday, August 28, 2018 @ 9:09 AM

Cross-border estate administration: U.S. beneficiaries americanflag_stamp_sm

An Ontario estate with U.S. connections can face complications due to the presence of any of the following: the deceased was a U.S. person (defined below); one or more beneficiaries are U.S. persons; or the deceased owned U.S.- situs assets. ... [read more]

Monday, August 27, 2018 @ 8:57 AM

Canada closer to adopting massive base erosion tax convention canada_taxtreaty_sm

Canada is now one step closer to implementing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) into Canadian law. On June 20, Bill C‑82, which will bring the MLI into force, passed the first reading in the House of Commons. ... [read more]

Thursday, August 23, 2018 @ 9:17 AM

Feds to change law on political activities by charities, appeal case ordering them to do the same Bradley Bryan, University of Victoria

The federal government has announced it will amend the Income Tax Act to allow charities to pursue non-partisan political activities — while simultaneously appealing a recent court decision that struck down restrictions on those activities as a Charter violation. ... [read more]

Thursday, August 23, 2018 @ 9:16 AM

Tech and taxes: From robots to the universal basic income robot_tax_sm

In July of this year a report came out identifying a looming erosion in Ontario’s tax base at a time when revenues will be required for the province’s aging population. The report was produced by the Mowat Centre, an independent public-policy think tank at the Munk School of Global Affairs and Public Policy, University of Toronto. It was called “Robots, Revenues and Responses: Ontario and the Future of Work.” ... [read more]

Wednesday, August 22, 2018 @ 8:35 AM

New mortgage rules make borrowing easier for self-employed self_employed_mortgage

On July 19, 2018, the Canadian Mortgage and Housing Corporation (CMHC) announced the implementation of new mortgage lending rules designed to help the self-employed secure mortgages and enter or maintain their position in Canada’s housing market, to take effect on October 1, 2018. ... [read more]