Recently the Canada Revenue has been ramping up their audits of Employment Agencies, an industry which is estimated to have defrauded the CRA of hundreds of millions of dollars of HST.

The Canada Revenue Agency (CRA) has increasingly requested oral interviews during audits, particularly in transfer pricing audits. In Minister of National Revenue v. Cameco Corporation,

Since the beginning of widespread internet connection, taxpayers have taken steps to protect themselves online and to ensure that their activities cannot be monitored by third-parties.

Wthout proper policies and documentation in place, transfer pricing audits can result in long and costly corporate headaches.

Conformément à l'impulsion mondiale en faveur d'une plus grande diversité et inclusion au sein de la direction des sociétés, Glass Lewis a récemment publié ses lignes directrices...

In line with a global push towards greater diversity and inclusion in corporate leadership, Glass Lewis' recently published Proxy Voting Guidelines for 2021 ...

Canada’s securities regulators have proposed new requirements for CEO and CFO certifications and related disclosure in management’s discussion and analysis (MD&A) pertaining to internal control over financial reporting.

On March 10, 2006, the Canadian Securities Administrators (the "CSA") announced, after extensive review and consultation, and in view of the debate ongoing in the United States in respect of the rules implementing section 404 of the Sarbanes-Oxley Act of 2002 (the "Sox 404 Rules"), that they have determined not to proceed with proposed Multilateral Instrument 52-111 -Reporting on Internal Control Over Financial Reporting ("Proposed MI 52-111").

Being audited is an unpleasant experience; however, resolving a tax issue in the tax audit stage is one of the most timely and cost effective outcomes for the CRA.

In a recent case, the Ontario Superior Court of Justice ("Court") dismissed a motion seeking an interlocutory injunction prohibiting the Canada Revenue Agency ("CRA")...

When a Canada Revenue Agency (the "CRA") audit concludes and a Proposed Assessment issued, it is presented in a "Statement of Proposed Audit Adjustment". This document outlines the CRA's Assessment.

Canada (National Revenue) v Atlas Tube Canada ULC1 is the latest in a series of cases considering the ability of the CRA to compel corporate disclosure of confidential reports analyzing the tax positions of a company.

This would allow the CRA auditor to see what changed from the draft report to the final report.

Subsection 152(1) of the Income Tax Act (the "Act") imposes that the Canada Revenue Agency ("CRA") "with all due dispatch", examine and assess an income tax return of a taxpayer.

Under the previous policy, relatively low threshold CRA contact (such as a request for information or a broad educational letter) could be sufficient to disqualify a disclosure. The updated policy instead focuses on whether the CRA has initiated an audit or investigation - that is, whether significant compliance work on the specific issue has already begun.

In The Bank of Nova Scotia v The Queen, the Tax Court of Canada (TCC) considered how to calculate arrears interest on an audit adjustment that is offset by a loss carryback.

The recent release of the "Pandora Papers" marks the third database leak containing confidential banking information regarding alleged off-shore tax havens and the identities of those who benefit from these accounts.

Still, there are several different standards to pick from, and customers should consider the advantages and disadvantages of each standard when negotiating agreements with vendors.

Current US vs. Canada trade tensions may be extending into US Customs & Border Protection ("CBP") audit, review and investigative...