5,652 results found

The Federal Court of Appeal has held in the Kruger Inc. v. Canada decision published yesterday, that Kruger Inc. was entitled to use the mark-to-market method in computing its income for federal income tax purposes.

As noted in an earlier blog post, we discussed the joint CBC / Toronto Star investigation and subsequent release of the Panama Papers.

For instance, a taxpayer might sell her condominium in order to purchase a home with her fiancé.

There have been many discussions recently about the ability for real estate agents to now incorporate themselves, including a recent article penned by my colleagues.

When the SCC confirmed that discretionary denials under s. 247(10) fall outside the Tax Court's jurisdiction, MEGLobal's appeal was effectively doomed.

The Canada Revenue Agency (CRA) has implemented significant changes to trust reporting rules for taxation years ending after December 30, 2023.

During the summer, the Department of Finance issued sweeping tax proposals ("Proposals") targeted at private businesses.

Amendments to the Business Corporations Act (Alberta) (the ABCA) providing for the incorporation of unlimited liability corporations are now law. Those amendments also include several other provisions of particular interest to tax practitioners such as changes to the corporate incest rule and the share dividend provisions.

Data from the Canada Revenue Agency ("CRA") confirms that voluntary disclosures ("VDs") of offshore assets, gains and income hit record levels in 2015.

On May 16, 2008, the Tax Court of Canada released its judgments in American Income Life Insurance Company v. The Queen and Knights of Columbus v. The Queen.

On March 13, 2018 the U.S. Internal Revenue Service (IRS) announced it will be shutting down the Offshore Voluntary Disclosure Program (OVDP) in September.

Canada Revenue Agency's (CRA) voluntary disclosure program provides a taxpayer (e.g., an individual or corporation) with a one-time opportunity to retroactively comply with Canadian tax law.

Podcast #76 – Why Your Income for Taxes May Not Be Your Income for Child Support (or Spousal Support...

In 2020, as offices and workplaces across Canada closed or reduced staffing capacity due to COVID-19, many Canadian workers who normally performed work at their employer's worksite were suddenly required to work from home, either fully or partially.

This income tax season will look different for Canadian trusts: the Government of Canada has implemented new filing requirements that are applicable to trusts.

You will want to know about the recent Ontario Court of Appeal decision in Pankerichan v Djokic, if you are part of a religious community which is considering or is in the midst of the following...