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Wednesday, March 21, 2018 @ 9:07 AM

IRS to end Offshore Voluntary Disclosure Program tax_disclosure_sm

On March 13, 2018,  the Internal Revenue Service (IRS) announced it will begin to “ramp down” the 2014 Offshore Voluntary Disclosure Program (OVDP) and close it Sept. 28. ... [read more]

Tuesday, March 20, 2018 @ 8:49 AM

Future impact of non-resident speculation tax unclear foreign_tax_sm

Over the past ten years, the demand for housing, and reciprocally housing costs, have been on a seemingly runaway trajectory, especially in the Greater Toronto Area. In an attempt to bring the housing marketing under control, the Ontario government proposed several measures to cool off demand, increase the supply of affordable housing, and stabilize prices. The long-term success of these actions remains to be seen. ... [read more]

Tuesday, March 20, 2018 @ 6:52 AM

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

Appeal by the Crown from a Tax Court of Canada decision in favour of the respondent, Cheema, allowing an appeal from a reassessment of GST under the Excise Tax Act. ... [read more]

Monday, March 19, 2018 @ 9:29 AM

Judge who sexually harassed court staffer quietly quit; unlike the U.S., #MeToo hasn’t hit Canadian judiciary TLD Exclusive

A superior court judge who subjected a court staffer to sexualized contact in the workplace quietly resigned after a Canadian Judicial Council (CJC) investigation, without the judicial disciplinary body publicly disclosing his actions until now. ... [read more]

Thursday, March 15, 2018 @ 9:01 AM

Budget tries to keep it simple with two proposed tax changes passive_investments_sm

The Trudeau government brought down its third budget earlier this month. The most significant changes related to private corporations — the backbone of Canada’s economy and the well known engine of job creation. The sugar that helped the medicine go down was a reduction in corporate tax rates. ... [read more]

Wednesday, March 14, 2018 @ 12:30 PM

Federal Court of Appeal clarifies reach of solicitor-client privilege Mark Tonkovich

By allowing an appeal over solicitor-client privilege, the Federal Court of Appeal has clarified a long established practice for lawyers concerning when privilege applies to a legal opinion if it’s disclosed to a person who is not the client, but is involved in common transactions with the client. ... [read more]

Wednesday, March 14, 2018 @ 8:53 AM

Trusts, partnerships and unique global structures international_tax_sm

Rather than owning foreign property personally and using multiple wills to deal with that properly on death, Canadian residents might consider a variety of other structures to hold that property, including trusts, partnerships, companies, or other structures unique to foreign jurisdictions. ... [read more]

Monday, March 12, 2018 @ 1:06 PM

Ottawa owes apology to B.C. couple after malicious tax prosecution ruling: lawyer  Steven Kelliher

A B.C. Supreme Court justice has ordered the Canada Revenue Agency (CRA) to pay more than $1 million after he ruled the agency was responsible for the malicious prosecution of a couple for alleged tax evasion, a decision experts say speaks to an underlying culture of distrust at the national tax collector which needs to be addressed. ... [read more]

Friday, March 09, 2018 @ 8:53 AM

If you think cryptocurrency income is hidden from the CRA, you’re wrong bitcoin_revealed_sm

Much is written about how the Canada Revenue Agency (CRA) taxes income or capital gains earned from the disposition of bitcoins and other cryptocurrencies (collectively called BTC). Something that has not attracted much attention is CRA’s power to obtain information from third parties about BTC holdings and transactions of Canadian taxpayers. ... [read more]

Thursday, March 08, 2018 @ 10:27 AM

International Women’s Day a call to arms for lawyers | Leanne Townsend

It’s International Women’s Day 2018 and it’s a great time to be a woman. There is an energetic movement underway resulting from the momentum of the #MeToo and #TimesUp campaigns. Women are joining forces and banding together in unprecedented ways, holding men who have abused their power accountable and demanding equal treatment. ... [read more]