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The Government of Canada’s Treasury Board and the Public Service Alliance of Canada (PSAC) Monday announced that they have reached a tentative agreement for more than 120,000 public service workers to end their strike and return to work. According to the CRA, many tax services remain limited or unavailable during the strike.
The Supreme Court of Canada dismissed an application for leave Thursday in the case of Gwendolyn Louise Deegan v. Attorney General of Canada. Plaintiffs Gwendolyn Louise Deegan and Virginia Hillis are two Ottawa women with dual citizenship in Canada and the US. Indeed, neither has ever had or used a U.S.
Meanwhile, Tataskweyak Cree Nation , Curve Lake First Nation , and Neskantaga First Nation had already launched the concerned class action lawsuit against the attorney general of Canada in late 2019 for “failing to address prolonged drinking-water advisories on First Nations reserves across Canada.”
The US, UK, and Canada announced more sanctions against Belarusian individuals and entities Friday, all pointing to human rights abuses in Belarus and its support for Russia in the war against Ukraine. Other entities provide funds used for buying influence with Belarus President Lukashenko, to secure lower taxes and customs fees.
When a non-resident of Canada earns income from a rental property or disposes of a real property in Canada, the tenant or purchaser may be required to withhold certain amount of tax which is usually 25% and remit that to the CRA.
The Queen, 2022 TCC 37 (CanLII), the Tax Court of Canada provides guidance for successfully claiming the "tax paid in error" GST/HST. In Mediclean Incorporated v.
A net worth audit is an indirect tax audit technique used by the Canada Revenue Agency or CRA where it has cause to believe the taxpayer's usual records are not an accurate reflection of the taxpayer's income.
While Canada's economy has been largely resilient, changes in areas like goods and services taxes and its research and development tax incentives could help protect against projected slowed growth brought on by its trade dispute with the U.S., the Organization for Economic Coooperation and Development said.
Many individuals take advantage of registered savings plans in Canada. The most commonly known plans are Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs).
Canada’s British Columbia (BC) Ombudsperson welcomed 0n Tuesday the government’s commitment to compensate survivors of the province’s internment of members of the Doukhobor religious community in the 1950s. There were also concerns about how compensation might affect other fixed-income programs and taxes for survivors.
Globally, numerous countries have adopted or proposed greater restrictions on the mining and use of cryptocurrencies, including Russia and Canada. Earlier this month, India announced a new tax regime on transfers of cryptocurrencies, while explicitly warning that such a tax “does not attach any legality” to the crypto trade.
The Canada Revenue Agency's voluntary disclosure program allows taxpayers to come forward proactively to correct prior errors or omissions with their taxes.
The G7 countries announced Saturday an agreement establishing a 15 percent global tax rate on large multinational corporations. Finance ministers from the US, UK, Canada, France, Japan, Germany, and Italy met in London to discuss the question of global taxation, which has been in discussion for almost ten years.
submit accounting balances with tax declaration; report the projects to be developed prior to their execution; verify and document the identity and the good reputation of donors; update all information, documents or acts subject to registration promptly, and etc.
Not sure of important 2021 tax year dates in Canada? No problem, our Tax Team has put together a list of key dates to help you navigate Canada's 2021 tax year.
On June 9, 2022, the Tax Court of Canada ("TCC") allowed CFI Funding Trust's ("CFI") appeal in relation with the input tax credits ("ITC") it claimed for prepaid rent paid in connection.
The Supreme Court of Canada (SCC) recently released two important decisions relating to international tax issues. The SCC provided meaningful guidance on the interpretation of one of Canada's bilateral tax treaties
When the Canada Revenue Agency (CRA) investigates potential tax fraud, they will typically rely on search warrants in order to seize books and records to gather evidence.
Section 160 of Canada's Income Tax Act is a tax collection tool. It thwarts taxpayers who try to hide assets from the Canada Revenue Agency's tax collector by transferring those assets to friends, relatives, related corporations, or shareholders.
When the Canada Revenue Agency (CRA) investigates potential tax fraud, they will typically rely on search warrants in order to seize books and records to gather evidence. This is because
For tax lawyers and accountants, a major pain point is the time they spend drawing complex entity and relationship diagrams — diagrams that map the major players involved in a client’s tax scenario and the relationships among them. More Than A Drawing Tool.
Defining what constitutes income for tax purposes is important because generally speaking, if a receipt constitutes income for tax purposes, then it will be taxable.
Canada, the first nation in the developed world to legalize recreational cannabis, has launched a review to assess the effect of legalization, Reuters reports. Health Minister Jean-Yves Duclos said the review also would look at complaints by the Cannabis industry about high taxes, sale limitations and advertising restrictions.
In the course of an appeal to the Tax Court of Canada by a Canadian taxpayer against the CRA, the Canadian tax litigation lawyers for both the taxpayer and the CRA may amend their pleadings under the Tax Court of Canada Rules (General Procedure).
The Royal Bank of Canada agreed to settle a suit brought by a former senior vice president of subsidiary City National Bank accusing CNB of tax fraud, according to court documents filed in a California federal court.
January 1, 2022 marks the 50th anniversary of the capital gains tax in Canada. In this article, we outline the history of capital gains taxation in Canada.
The Voluntary Disclosures Program, also known as tax amnesty, is a program offered by the Canada Revenue Agency that encourages a taxpayer to voluntarily come forward and disclose any inaccurate or unreported information concerning tax filings.
In Reeves v The Queen, 2021 TCC 74, the Tax Court of Canada clarified what constitutes a "relation" under paragraph 254(2)(b) of the Canadian Excise Tax Act.
Over 155,000 Canadian public sector workers Wednesday went on strike as bargaining between the federal government and the Public Service Alliance of Canada (PSAC) continues to stagnate, potentially impacting Canadians’ ability to access some government services.
As experienced Canadian tax lawyers, we are often asked the question by our clients and their accountants as to what, if any of the Canadian income tax services we provide can be validly deducted in the income tax returns.
The Federal Government announced new changes impacting employees with stocks and eligible families who receive the Canada Child Benefit. These changes come in effect in the 2022 calendar year.
Among the most critical barriers identified were high regulatory and tax burdens, alongside fees associated with excessive delays. Justin Sherwood, BILD’s senior vice president of communications, told local media “fees, taxes and charges account for approximately 25 percent” of the cost of building a home.
Whether it's your first time filing taxes, or you consider yourself a pro. Crowe MacKay LLP's trusted advisors work for you – this means we take the time to know our clients.
On November 26, 2021, the Supreme Court of Canada released its decision in Alta Energy regarding the application of Canada's general anti-avoidance rule (GAAR) to tax treaties.
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