As we have previously written here, the Canada Revenue Agency ("CRA") has significantly expanded its audit activity in the residential real estate sector – particularly targeting homeowners...

The building construction industry has been identified as being of particular concern for unreported income.

In writing this blog post, we are not advocating filing baseless, frivolous, vexatious and retaliatory "service complaints" against CRA auditors, collections officers and other employees of the CRA.

Le contexte socio-économique actuel au Québec a évidemment comme effet d'affaiblir les contribuables. Les coûts augmentent dans pratiquement toutes les domaines...

Planting roots in a new country is both exciting and worrisome. Many of us have contemplated owning foreign property that earns while we aren't staying in it.

Glass, Lewis & Co. (Glass Lewis) recently released its annual voting guidelines for the 2021 proxy season, which include the requirement for TSX-listed issuers to have at least two female board...

Prompted by government concerns about the depletion of Canada’s tax base, tax authorities here are now using transfer pricing principles as a primary audit tool to evaluate – and challenge – income allocation to Canada by multinationals. As a result, virtually all cross-border business activities between related parties are now subject to transfer pricing audits. Here, we look at some of the key areas tax authorities are zeroing in on.

The process of handling a customs verification can be an extraordinarily difficult undertaking for the uninitiated. There are several types of customs verifications in Canada.

One of the most fundamental rules of the Income Tax Act is that taxpayers who operate a business are required to keep books and records with sufficient detail that the CRA tax auditors can audit and confirm the amounts reported.

On March 18, 2020, the Government of Canada announced measures intended to relieve financial difficulties related to the COVID-19 outbreak.

The business corporations acts confer a clear right on shareholders to receive audited financial statements annually, unless they have expressly waived this right.

Fraud risk poses a critical threat to First Nations governance, with increasing scrutiny from community members, funders, and courts demanding greater financial accountability. Strong internal controls, active oversight mechanisms, and proactive fraud prevention strategies are essential to protect collectively owned resources and maintain stakeholder trust.

In response to the financial hardship caused by the COVID-19 pandemic, the Government of Canada introduced the Canada Emergency Wage Subsidy in April 2020, one of the largest tax programs in the country's history, ...

Canada's federal and provincial taxes of "vaping products" is really a vaping duty imposed under the Excise Act, 2001(the "Vaping Duty" and "EA 2001")...

By the time the CRA issues the reassessment, the record is already taking shape. During the objection, the CRA will reinforce its interpretation of the facts and how they apply...

Many Canadians hold foreign investments, ranging from offshore bank accounts to international real estate and securities.

In the context of Canada Revenue Agency (CRA) audits, clients and lawyers often ask me, "Doesn't CRA already have the document they are requesting?"

The CRA no longer relies on blunt audit tactics to detect offshore non-compliance. It operates a layered system; data-driven, globally integrated, and increasingly predictive.

In these times of uncertainty due to the pandemic, you may be wondering about the implications to your current audits and tax disputes with the Canada Revenue Agency ("CRA").