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The legislation to eliminate Canadian withholding tax on interest paid by Canadian residents to arm’s-length, unrelated non-residents has been enacted and is now in force.

The Government of Canada previously announced that the filing deadline for Underused Housing Tax returns for the 2022 calendar year was extended from April 30, 2023, to October 31, 2023.

The Canadian Government has announced its intention to update its double tax agreements (DTAs) with Germany and Switzerland.

The public protector (or ombudsman) is appointed by the Quebec National Assembly with the mandate to "intervene . . .

El Gobierno de Canadá ha anunciado su intención de actualizar sus acuerdos de doble imposición (DTA) con Alemania y Suiza.

John Manley writes in the Financial Post on why increasing the capital gains inclusion rate, as announced in the 2024 federal budget, is a bad idea. John authors an op-ed with fellow...

This change was initially intended to align the information return filing deadline with the taxpayer's income tax return filing deadline.

Except with respect to one proposal in respect of policy reserves for segregated life insurance policies, most of the changes to section 138 of the Act and Part XIV of the Income Tax Regulations are clarifying changes or changes made to repeal obsolete provisions.

On August 11, a constitutional challenge to the new FATCA provisions contained in Part XVIII of the Income Tax Act (Canada) was filed in Federal Court in Vancouver.

A shareholder benefit occurs when a corporation provides something of value to its shareholders.

On October 29, 2024, the Canada Revenue Agency ("CRA") announced that it will not require bare trusts to file a T3 Income Tax and Information Return ("T3 Return"), including Schedule 15 (Beneficial Ownership...

On March 28, 2024, the Canada Revenue Agency ("CRA") released a statement exempting bare trusts from having to file a T3 Income Tax and Information Return...

Due to the booming real estate market in Canada over the past year, the Canada Revenue Agency ("CRA") is scrutinizing the practice of "shadow flipping" or "assignment sales".

On January 24, 2017, the Canada Revenue Agency (CRA) released an update to its "Guidelines for determining the tax treatment of certain exploration expenses" that were previously issued in 2007.

On April 2, 2015, the CRA released Income Tax Folio S3-F8-C1 Principal-business Corporations in the Resource Industries, which replaces and cancels former Interpretation Bulletin IT-400, Exploration and Development Expenses – Meaning of Principal-Business Corporation.

The Canada Revenue Agency has announced a new priority system for advance income tax ruling requests, targeting investments of at least $1 billion in Canada. This initiative aims to accelerate the tax certainty process for major investors by reducing processing times and providing binding guidance on how specific Income Tax Act provisions apply to proposed transactions.

The Budget and Economic Statement Implementation Act, 2007 (Bill C-28) received Royal Assent on December 14, 2007. Bill C-28 contained significant amendments to the rules in the Income Tax Act (Canada) applicable to foreign affiliates of Canadian taxpayers.