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I was named the executor of a friends will. Do I need to do anything? Yes, as the named legal representative of the deceased your responsibilities include filing all necessary tax returns for the deceased, ...

If you own a short-term rental property (often used with services like Airbnb or Vrbo) or provide short-term rentals of your principal residence, ensure that you are compliant...

On March 22nd, 2016 the new federal Liberal government will table its first budget and members of the tax community are expecting a number of tax changes that could significantly impact owner–managers of Canadian businesses.

On January 20, the CRA announced that its controversial political activities audit program for charities has been wound-down.

According to the Tax Court of Canada in Ramey v. The Queen, 93 DTC 791 (Ramey), at paragraph 6, the "net worth method of estimating income is an unsatisfactory and imprecise way...

While there is overlap in the work that Canadian tax lawyers and tax accountants carry out on behalf of their client, the news that the Canada Revenue Agency has seized several files from a Halifax branch of Grant Thornton . . .

Transactions entered into between a Canadian taxpayer or partnership and a non-arm’s length non-resident are generally subject to the transfer pricing rules contained in section 247 of the <I>Income Tax Act</I>.

In determining whether an event of failure or default is acceptable for purposes of the 5/25 exemption, the Canada Revenue Agency (the CRA) has repeatedly stated that an acceptable event of failure or default must have commercial reality, must be beyond the control of the lender and must not be contrived. One type of event of failure or default on which the CRA has commented is the occurrence of a "material adverse change" in (sometimes referred to as an event which has a "material adverse effec

Uber wants its users, its drivers and particularly the Canada Revenue Agency (the "CRA") to agree that it does not provide "rides" to its "customers".

Widespread use of the depository system in Canada and the U.S. imposes practical limits on income trusts’ ability to monitor and control non-resident ownership of their units. Many income trusts are subject to restrictions on the ownership of their units by non-residents of Canada .

In Ontario, every estate trustee is obligated to keep accurate records of estate transactions under rule 74.17 of the Rules of Civil Procedure, RRO 1990, Reg 194.

Given the complexity of accounting for insurance contracts, the International Accounting Standards Board (IASB) is taking a two-phase approach to issuing an accounting standard for insurance contracts (IFRS 4).

We can formally define fraud as a form of intentional deceit or a breach of confidence, perpetrated to gain profit or dishonest advantage.

In the recent decision of Century Services Inc. v. Canada (Attorney General), 2010 SCC 60, the Supreme Court of Canada has, for the first time, interpreted key provisions of the Companies’ Creditors Arrangement Act ("CCAA").

In the past two years, the income trust has developed into an extremely widespread and versatile vehicle for acquiring and repackaging an increasingly diverse range of businesses in an effort to maximize value. A widely cited statistic for 2002 is that almost 90% of Canadian initial public offerings in that year were made through income trusts, with roughly 45 businesses effectively being sold to the public through income trust offerings. As of early September, 2003, activity remained strong, wi

The Ontario Not-for-Profit Corporations Act, 2010 ("ONCA") came into force on October 19, 2021. Not-for-profit corporations incorporated in Ontario will have a three year transition period...

On December 20, Canada's highest court released a hotly anticipated decision that is almost certainly the final act in the more than 20 year saga of a formerly pre-eminent theater company...