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Monday, January 08, 2018 @ 11:31 AM

FEDERAL INCOME TAX - Administration and enforcement - Objections - Limitation period - Extension of time to object by Minister

Appeals by the Minister of National Revenue from a decision allowing a judicial review application by ConocoPhillips Canada Resources Corp. (ConocoPhillips) in relation to the Minister’s refusal to grant ConocoPhillips a waiver to file a notice of objection relating to a reassessment for the 2000 taxation year. ... [read more]

Friday, December 29, 2017 @ 9:21 AM

Osler offers seminars on impact of U.S. tax reform on Canadians

During the busy year end, it’s hard to stay on top of all the twists and turns of U.S. tax reform. However, with the final bill having been signed by President Donald Trump only days before Christmas and the fact that many of the most important provisions become effective Jan. 1, 2018, there is no time to lose for Canadian businesses and investors in analyzing how this sea change will impact them. ... [read more]

Friday, December 29, 2017 @ 8:36 AM

More about what every lawyer should know about year-end tax planning Tax

This is part two of a two-part series. ... [read more]

Thursday, December 28, 2017 @ 8:47 AM

GOODS AND SERVICES TAX (GST) - Imposition and calculation of GST - Appeals - Tax Court of Canada - Federal Courts

Appeal by Farm Credit Canada from a Tax Court of Canada decision dismissing its appeal from a reassessment of GST made under the Excise Tax Act. ... [read more]

Friday, December 22, 2017 @ 10:31 AM

Watch for the distractions in government’s new tax proposals

You have probably seen that ad on CNN with an apple and a pair of chattering teeth sliding in front of it. The voiceover says one is an apple and the other is a distraction. The ad concludes ‘But it will never change the fact that this is an apple.” The ad, which is a not-too-discreet dig at shenanigans currently taking place in Washington, D.C., may also have some traction on this side of the border, especially where it concerns the federal government’s tax proposals. ... [read more]

Thursday, December 21, 2017 @ 8:17 AM

Tax tips every lawyer should implement now year_end_sm

Ideally, tax planning should be an ongoing process that lawyers, like other entrepreneurs or employees, focus on all year long. Given our busy schedules many lawyers pay attention to tax planning at year end, if at all. So here are some tax planning tips that, for the most part, should be implemented now. ... [read more]

Monday, December 18, 2017 @ 8:57 AM

Tax Views: Year-end tax planning for business | Vern Krishna

Canadian-controlled private corporations (CCPCs) that carry on an active business in Canada are taxable at special low rates. In 2017, the first $500,000 of income from such active business income (ABI) is taxable at a combined federal and provincial rate of about 15 per cent. Income above $500,000 is taxable at about 27.5 per cent. Hence, it is important to plan for shareholder and corporate taxation before the year end to maximize rates of return, and minimize the overall tax burden. ... [read more]

Friday, December 15, 2017 @ 10:35 AM

FEDERAL INCOME TAX - Partnerships - Limited partnership - Administration and enforcement

Appeal by nine corporate partners in a limited partnership for the purpose of challenging the enforceability of a settlement agreement with Canada Revenue. ... [read more]

Friday, December 15, 2017 @ 8:47 AM

The perils of taking tax advice from the CRA helpline_tax_sm

There was no income tax in Canada until the Income War Tax Act came into effect on Sept. 20, 1917. The purpose of the Act was to finance the addition of 100,000 men into the Canadian armed forces in support of Canada’s efforts in the First World War. The income tax rates of the United States were used as a model and the Act was thought to be a temporary measure. Of course, we all know how temporary that was, but based on the recent report by federal auditor general Michael Ferguson, taxpayers have a lot of concerns, not the least of which is the competence of the CRA’s “Help” line. ... [read more]

Wednesday, December 13, 2017 @ 9:34 AM

‘Curious’ wording of tax law informs Appeal Court decision on municipal services John Mascarin, Aird & Berlis LLP

The Federal Court of Appeal has ruled that municipal services as defined by federal tax legislation can also apply to services provided by the provincial and federal government, a decision a prominent municipal lawyer is calling correct legally despite a “curious” definition of what municipal services are under the Excise Tax Act (ETA). ... [read more]