Our annual Tax Tips can assist you in your tax planning, presenting some quick ideas and strategies for you to employ. Please take the time to review your 2018 tax situation ...

The Honourable Bill Morneau, Minister of Finance, tabled the Liberal government's first budget on March 22, 2016 (Budget 2016).

Canada and Switzerland have entered into an agreement which will commence in 2018 for the automatic exchange of information.

The Swiss Consulate in Canada has been writing to Swiss residents of Canada to advise them of the information exchange agreement between Canada and Switzerland.

The CBSA has made a long-sought-for change in its policy to allow duty refunds in the event of qualifying downward transfer price adjustments by importers.

Supreme Court of Canada Rules that Restriction on Solicitor-Client privilege in Income Tax Act Unconstitutional.

Canadian non-residents are taxable in Canada to a tax on income from certain "passive" sources of income earned in Canada, including rent.

On Oct 3, 2016 the Department of Finance released new rules for reporting the use of the principal residence exemption.

The maximum amount of expenses eligible for the Children's Fitness Tax Credit remains at $1,000 per child who must have been under 16 years of age at the beginning of the year.

City of Toronto municipal taxes can be reduced or eliminated when the applicant cannot pay due to sickness or extreme poverty.

On March 28, 2024 (the last business day prior to the April 2nd trust reporting deadline), the Canada Revenue Agency ("CRA") announced that the CRA will not require bare trusts...

While postal code based audits are not new, CRA's formalization of the project is.

Recently CRA has approached hardware stores and building supply chains and asked them for details of customers who have enrolled in their contractor programs.

Fraudsters are again impersonating CRA collections officers and calling Canadians in attempts to steal money from them.

CRA cannot enforce a tax debt that is more than 10 years old unless they have made collection efforts within that 10 year period, or the tax debtor has acknowledged the income taxes owing.

In the wake of the leak the Minister of National Revenue The Honourable Diane Lebouthillier announced that CRA would investigate all Canadian names revealed.

CRA tax investigators are monitoring Auto Trader magazine, Craigslist, Kijjiji and similar on line sources as part of their announced crackdown on the underground economy.

In a special tax audit CRA investigators reviewed lists of municipal building permits in smaller communities to check on worksites for unregistered small-town subcontractors.

CRA is making more use of indirect tax audit techniques, including net worth tax audits.

The CRA announced in June 2017 that it is currently conducting tax audits of over 820 taxpayers and criminally investigating 20 cases of tax evasion specifically linked to offshore accounts.