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On April 7, 2020, the Internal Revenue Service (IRS) and U.S. Treasury Department released the final regulations and additional proposed regulations under the Tax Cuts and Jobs Act.

The media spotlight on the “public policy” limitation on film tax credits in Bill C-10 may have eclipsed a more serious concern that we are being taxed without adequate democratic representation.

Worry, stress, frustration, and that sinking feeling of "why me?"—that's almost every taxpayer's first reaction when they find out they're being audited.

Ontario and British Columbia wineries must navigate a complex dual compliance framework encompassing both provincial liquor regulations and the Federal Excise Act, 2001. Understanding federal licensing requirements, duty obligations, and documentation standards is critical to avoiding unexpected assessments and penalties that can reach 200% of unpaid duty.

Inventory accounting standards are written based on principles versus with financial instruments using rules.

On February 24, 2022, Alberta Finance Minister, Travis Toews, announced the 2022 Alberta Budget.

The Canada Revenue Agency (CRA) has announced changes to its Voluntary Disclosures Program (VDP) that will take effect on October 1, 2025. These changes reshape how taxpayers can come forward...

By way of background, the "Fifth Protocol" is a protocol to amend the Canada-U.S. Tax Convention (the "Treaty").

On October 16, 2017, the Department of Finance ("Finance") released changes ("announcement") to the tax proposals previously announced in July 2017.

In recent years, Canada has sometimes been labelled "Silicon Valley North" and Montreal was recently ranked one of the best tech cities in the world in which to live.

Charities and advisors in the area of gift planning must ensure that they fully understand the rules surrounding donations to registered charities from spousal trusts.

I don't write as many blogs as other members of my firm, however, today my concern rose enough to put fingers to keyboard.

Non-charitable not-for-profit organizations have two main tax filing requirements.

Since the introduction of the Transaction Value System of customs valuation by Canada on January 1, 1985, the Canada Border Services Agency (CBSA) has maintained a stated policy of denying refund claims of related party importers who seek to amend declared values for duty to account for adjustments that decrease transfer prices after importation.

A nine-page framework (the Unified Framework for Fixing Our Broken Tax Code [PDF]) was released on Wednesday, September 27, by the "Big Six" group of Republican Congressional leaders...

The Alberta Court of Appeal released its decision in this case on July 21, 2011. Brick Protection Corp. (Brick Protection; now Trans Global Warranty Corp.) was a sister corporation of the Brick Warehouse Corp. (The Brick).

The current capital gains inclusion rate for both corporate and personal taxpayers is one-half, or 50%, of the capital gain realized.