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You have to report all worldwide income including income from the shared economy such as Airbnb or Uber. If you don't you will be charged civil tax penalties and may be prosecuted for tax evasion.

As threatened at the time of the massive Panama Papers tax haven information leak, the Canada Revenue Agency has confirmed tax fraud investigations of dozens of Canadians for possible tax evasion charges linked to the Panama Papers.

The Canada Revenue Agency confirmed in a roundtable discussion in January 2016 that professional fees related to the defence of a Canadian taxpayer's filing positions...

Failure to file the election with CRA on a timely basis may result in assessments for the otherwise applicable tax plus associated interest.

As private capital funds continue to evolve, investors must navigate an increasingly complex environment shaped by significant tax reforms, regulatory shifts and compliance requirements.

Un crédit d'impôt remboursable temporaire, pouvant atteindre un maximum de 175 000 $ par année d'imposition, est instauré pour les sociétés propriétaires d'un établissement hôtelier...

Canada and its new government find themselves at a crossroads in the summer of 2025. The Trump administration's first six months have changed (likely forever) Canada's relationship with its closest neighbour and largest trading partner.

Bill C-208, a private member's bill aimed at facilitating intergenerational transfers of small businesses and farms, received Royal Assent and became law on June 29, 2021.

Tax lawyer Michael Goldberg published "Tax Planning for the Non-Specialist Advisor: Unlocking Liquidity in Corporate Capital Losses — Planning To Maximize the Capital Dividend Account — Part 3"...

In 2021, the City of Toronto introduced an annual tax to be levied on vacant Toronto residential property, payable beginning in 2023. A Vacant Home Tax of one per cent (1%)...

The election of Donald Trump combined with Republican control of Congress means that U.S. tax reform has suddenly gone from totally impossible to highly likely.

Investors should proactively communicate life changes to their financial service providers.

In a notice dated November 23, 2015, the IRS announced that it had upgraded the FATCA Online Registration System to enable sponsoring entities to register their sponsored entities to obtain a global intermediary identification number.

Welcome to our 2017 tax planning issue, full of topics and opportunities that we believe you should consider as we reach the end of 2017 and look forward to 2018.

BC's, employers should become familiar with the new EHT rules so as to determine whether registration is required, and if so, whether early registration is required before May 15, 2019.

The Digital Services Tax Act (DSTA) entered into force on June 28, 2024, pursuant to an Order in Council (OIC) of that date. The DSTA was enacted by Parliament on June 20, 2024 as part of Bill C-59.

Please note that representatives can still use Form RC59 to request telephone/mail access to business clients' tax information, and the above only applies to requests for online access.