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The Supreme Court of Canada ruled that bankruptcy trustees, receivers and secured creditors can continue to collect the full amount of accounts receivable of a bankrupt supplier, including the Goods and Services Tax (GST) component, even if an amount remains owing by the supplier to the Canada Revenue Agency (CRA).

The 2024 Fall Economic Statement (The Statement) was delivered by Government House Leader Karina Gould on December 16, 2024, following Finance Minister Chrystia Freeland's resignation...

Forbes reports that the CRA has initiated audits in the cryptocurrency space, sending select taxpayers a lengthy and exacting questionnaire requiring information regarding the taxpayer's investments, ...

The Canada Revenue Agency ("CRA") audits taxpayers to ensure compliance with the Income Tax Act ("Act"). In completing an audit, the CRA has broad powers to request documents and information;

The Corporate Finance Branch of the Ontario Securities Commission (OSC) released its latest Annual Report on September 21, 2017.

In-House Counsel Worldwide (ICW) and Mondaq are delighted to share a preview of their inaugural 2024 Global In-House Counsel Survey Report.

After several attempts over the past five years, Canada is finally getting new legislation to govern federal non-profit corporations.

Indalex Limited's assets were sold in a liquidating proceeding under the federal Companies' Creditors Arrangement Act (the "CCAA").

In British Columbia (Superintendent of Pensions) v Western Forest Products Inc ((2006) Carswell BC 1536 (BCSC)) the superintendent of pensions applied to the court for an order compelling the debtor to comply with the reporting provisions of the provincial pensions legislation.

The expectation of sustained commodity demand has increased investor interest in mining projects in frontier markets.

This decision considers the obligations of a company acting as both employer and pension administrator where the company becomes insolvent. Indalex Limited ("Indalex") obtained protection from creditors under the "Companies' Creditors Arrangements Act" ("CCAA").

In 2021, I predicted that CIRO would begin auditing Canadian dealers to ensure proper supervision and controls over remote work.

The American Jobs Creation Act of 2004 (AJCA) contains numerous international tax provisions that may be relevant to companies with foreign subsidiaries. Section 422 enables a U.S. corporation to repatriate eligible earnings from offshore affiliates during a designated taxable year with a modest U.S. tax cost. If specified investment requirements and other criteria are met, the taxpayer may claim an 85% dividends received deduction, but no foreign tax credit or deduction for foreign taxes paid.

In Canada (National Revenue) v Atlas Tube Canada ULC, the Federal Court held that Canada Revenue Agency could compel a private corporation to disclose its draft tax due diligence report during the course of an ongoing audit.

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