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Monday, April 20, 2020 @ 10:29 AM

Mischief managed? The new voluntary disclosures program Tax file tab

Last month marked two years since the new Voluntary Disclosures Program (VDP) rules for non-compliance in tax matters came into effect. The VDP was established many years ago to give taxpayers a second chance to correct their tax filings before the CRA came knocking. ... [read more]

Monday, April 20, 2020 @ 9:01 AM

Technology and the courts: Now or never | Neil Wilson

The COVID-19 pandemic has ground justice to a halt together with the rest of society. The only way to keep going will be to finally embrace what the justice system has resisted for so long: the use of technology. As the saying goes “necessity is the mother of invention” — or, in our case, necessity may be the mother of finally applying long-available inventions to the trade of lawyering. ... [read more]

Friday, April 17, 2020 @ 1:50 PM

Welcoming e-advocacy: Advice on winning your first virtual appeal V&Wvideoconference

The world of advocacy is changing. With the advent of social distancing how we deliver legal services, and especially how we assist clients navigating the justice system in our courts, has changed abruptly and significantly. ... [read more]

Friday, April 17, 2020 @ 11:06 AM

Registers and arbitrary tax audit methods Documents for tax audit

The Tax Administration Act subjects anyone who carries on a business or is bound under a fiscal law to deduct, withhold or collect an amount to an obligation to keep registers. In the absence of records or supporting documents, an auditor could rightly opt for an alternative or indirect method of audit to reconstruct a taxpayer’s sales and income for tax purposes. ... [read more]

Friday, April 17, 2020 @ 9:06 AM

Impact of COVID-19: Legal and business questions Man stopping impact of COVID-19

Recently Darren Coleman, a wealth management adviser, and Elena Hanson, an accountant, spoke about the impact of COVID-19 on taxes and the market on their podcast series Two Way Traffic, which focuses on cross-border financial issues. Here they answer questions for readers of The Lawyer’s Daily. ... [read more]

Wednesday, April 15, 2020 @ 1:25 PM

Are taxpayers obligated to provide internal tax accrual working papers to the CRA? Auditing document

In the case of BP Canada Energy Company v. Canada (National Revenue) 2017 FCA 61, the Federal Court of Appeal overturned the Federal Court of Canada’s ruling that the Canada Revenue Agency was authorized have access to certain tax accrual working papers. ... [read more]

Wednesday, April 15, 2020 @ 5:29 AM

FEDERAL INCOME TAX - Foreign income - Offshore investment funds

Appeal by the taxpayer from a Tax Court order finding that two contracts styled as “Notes” were debt for purposes of s. 94.1(1)(a) of the Income Tax Act during the appellant’s 2010 taxation year, even though the amounts to be paid thereunder were unknown and would remain so until a later year when the Notes came to term. ... [read more]

Wednesday, April 08, 2020 @ 12:59 PM

Canada’s tax measures to stabilize economy Tax relief document

In response to the COVID-19 pandemic, the Canadian government has announced various economic measures to help stabilize the economy. These measures are intended to provide direct support to Canadian workers and businesses. ... [read more]

Wednesday, April 08, 2020 @ 11:39 AM

Lawyers must remain essential service as long as reasonably possible | Arthur Zeilikman

It would be a serious undertaking to tally all of the clichés and negative stereotypes that exist about lawyers and their seeming dispensability within society. Shakespeare’s oft-quoted line from Henry VI — "The first thing we do, let’s kill all the lawyers” — usually comes to mind as the most infamous and callous of such satirical jabs. Whatever the true intent behind the incitement, one thing is clear: the question of a lawyer’s utility always makes for a lively conversation.     ... [read more]

Tuesday, April 07, 2020 @ 1:12 PM

Exposed: What COVID-19 has taught us | Gary Joseph

The COVID-19 virus is a risk to all but specifically it targets and exposes the elderly and those with compromised immune systems. In the same way the pandemic has exposed our court system for what it is, an “elderly” system developed to service a 1970s population drowning in a media/web savvy 21st century. Our judicial and court leaders are struggling to make it work in an environment where failure is inevitable. The structure of our courts and the supports built around it are paper intensive and people intensive. They cannot adept quickly to the fast-changing environment. This is not a criticism of our judicial leaders but a sad refrain for those who long ignored the need to upgrade technology and facilities. ... [read more]