1,608 results found

When a Canada Revenue Agency (the "CRA") audit concludes and a Proposed Assessment issued, it is presented in a "Statement of Proposed Audit Adjustment". This document outlines the CRA's Assessment.

The 2012 federal budget (the "Budget"), released last Thursday, promises legislative changes to the Canadian Environmental Assessment Act (the "CEAA") that will streamline the federal environmental assessment ("EA") process.

In what's becoming our firm's annual tradition, the purpose of this blog is to gaze into the crystal ball to predict what the tax goodies might look like when the 2016 federal budget is released.

Budget 2018 also proposes to extend the period during which the CRA may reassess a taxpayer in certain, defined circumstances.

The Canadian government has enacted legislation to impose a Digital Services Tax (DST) on Canadian digital service revenue with retroactive effect.

The Canadian federal government has proposed a Productivity Mega Deduction that would allow businesses to immediately expense the full cost of eligible capital investments rather than deducting them over time. This permanent tax measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4 percent, positioning it as the lowest among G7 countries and potentially reshaping where multinational corporations choose to locate capital-intensive projects.

On January 1, 2011, Canada’s first tax information exchange agreement (TIEA), between Canada and the Netherlands Antilles, entered into force.

Business Income Tax Measures

The topic of tax planning for Canadian income tax reorganizations is broad and is often the subject of one or more papers on its own right.

For individuals, eligible donations made provide a non-refundable tax credit, reducing any personal income taxes owing.

On Wednesday, October 24, 2012 the Canadian Federal Department of Finance tabled in the House of Commons a large detailed Notice of Ways and Means Motion ("NWMM") to amend the Income Tax Act (Canada) and a variety of other statutes.

The Canada Revenue Agency has implemented a significant shift in its audit approach for large businesses, moving from single-year to two-year audit workplans.

On December 3, 2020, the CRA confirmed that its auditors are watching Canada's social media influencers and video-game streamers to determine whether their paid endorsements and income from social media ...

At yesterday's Canada Revenue Agency ("CRA") round table, held as part of the Canadian Tax Foundation's annual conference in Toronto, the CRA provided its views with respect to a number of topics including, among other things, branch tax implications when investing in Canada through a U.S. limited liability company (including where a U.S. resident individual is a member), Canadian permanent establishment implications where an employee of a U.S. resident provides services in Canada, the tax conse

Cross-border tax structures often optimize available tax treaty benefits having regard to the differences between various bilateral tax treaties.

The Canadian federal budget has a release date. It was announced today that the budget will be released on the afternoon of April 7, 2022

The FCA's clarification in McGillivray should have the practical effect of providing a higher level of certainty and comfort to taxpayers seeking advice on this important and pervasive issue in a variety of circumstances.