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Our 2018 Personal Income Tax Organizer is now available for download.

This document is designed to assist you in gathering the reporting information and documents necessary for the preparation of your 2019 tax return.

In order to properly deal with most CRA income tax problems, it is essential to obtain the complete file that CRA has.

On December 4, 2009, the long awaited decision in "General Electric Capital Canada Inc. v. The Queen" was released by Canada's Tax Court.

In "Canada (National Revenue) v. Morris", the Minister of National Revenue appealed a Federal Court judgment requiring it to provide the RCI Trust, a Barbados settled trust, with a written decision on whether shares sold by the trust in 2006 were treaty exempt property under the "Canada-Barbados Income Tax Convention".

The Canada Revenue Agency ("CRA") announced on October 29, 2024 that bare trusts are exempt from filing a T3, Income Tax and Information Return, including Schedule 15, Beneficial Ownership Information of a Trust, for the 2024 taxation year, unless the CRA makes a direct request for these filings.

The CRA will work with the Department of Finance to further clarify its guidance on this filing requirement.

The Canada Revenue Agency is increasing the level of audit scrutiny on taxable benefits received by employees.

Citing a backlog of at least 400 proposed technical amendments dating back to 2002 and at least 250 comfort letters issued by the Department of Finance going back to 1998, Canada’s Auditor General has questioned the government’s effectiveness in identifying, developing, interpreting and applying technical amendments which clarify the "Income Tax Act" but do not change tax policy.

With the changing of the seasons comes about another change. One that may put a bit more money in your pocket come holiday season. Come November 22, 2017, the Federal Child Support Tables are being updated ...

To prevent income splitting the Canadian Income Tax Act contains rules that reallocate income to a transferor in certain non arms length situations

The CRA announced a new and aggressive campaign to crack down on international tax evasion and will have significant additional information-gathering powers.

The newly elected Liberal government released its Update of Economic and Fiscal Projections on Friday, November 20, bringing with it some much-needed clarity on a particularly sensitive subject.

As of December 10, 2016 new rules are applicable for corporations that have been dissolved in Ontario for failure to file tax returns with new deadlines within which owners may revive a dissolved corporation and recover the corporate assets.

The end of February is upon us and with it marks the beginning of the 2013 tax compliance season.

The FBAR has previously been due on June 30th of the next calendar year (June 30, 2015 for the 2014 form).

On October 29, 2024, the CRA announced that bare trusts will not be required to file a T3 Income Tax and Information Return, including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2024 tax year...