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On December 14, 2007, amendments to the Income Tax Act were enacted into law that will eliminate Canadian withholding tax on conventional interest payments made to arm’s length non-residents of Canada beginning in the new year.

Since Canada taxes a "person," it is important to determine whether a foreign entity is classified by Canada Revenue Agency ("CRA") as a corporation...

In Melman, the TCC upheld gross negligence penalties on the basis that Mr. Melman was wilfully blind to a substantial omission in his tax return by admittedly not reviewing the return before it was filed.

On December 7, 2015, the new Liberal government presented legislation in the House of Commons that will enact a number of tax changes based on their federal election platform.

On October 21, 2019, Justin Trudeau's Liberal Party (the "Liberals") won a contested election as Canadians elected a minority government. A divided Canada, from the Conservative stronghold in...

On October 24, 2012, the Minister of Finance (Canada) tabled a Notice of Ways & Means Motion (the "Notice of Ways & Means Motion") containing almost 1000 pages of technical amendments to the Income Tax Act (Canada) (the "ITA").

In many cases, foreign companies doing business in Canada are in need of additional expertise to effectively navigate the Canadian tax system.

On May 1, 2014, Finance Minister Charles Sousa tabled the Ontario minority government’s 2014 Budget.

Budget 2010 proposes significant changes to Canada’s international tax rules. Effective for dispositions after March 4, 2010, the liability for Canadian tax on gains from the disposition of Canadian investments will be eliminated in many cases, together with the reporting and withholding requirements, enhancing the ability of Canadian businesses to attract foreign venture capital.

The Federal Court of Appeal recently drew clear boundaries around the CRA's audit powers, holding that the Agency cannot not compel employees of a taxpayer to attend interviews to answer oral questions...

Most people in the farm industry know they can sell qualifying farm property as a sole proprietor or partnership and use their lifetime capital gains exemption to avoid paying tax on the sale.

As part of Canada's commitment to reduce overall greenhouse gas emissions, successive federal governments have introduced a number of tax measures...

Whether you operate as a sole proprietorship or corporation, it is important to understand the similarities and differences between them both in terms of tax filing requirements...

Credit unions are full-service financial cooperatives. Like other financial institutions, they provide various services, such as operating savings and chequing accounts, issuing loans, and providing financial advice.

Are you a business owner without a family member or unrelated successor in mind? Many Canadians find themselves in this predicament.

As Canadian tax lawyers we provide income tax advice to taxpayers who have engaged in unreported cash transactions and have decided to correct their back tax filings.

The CRA voluntary disclosure program (VDP) only applies to the last 10 years of tax issues such as unfiled tax returns or unreported income or offshore assets not reported on a form T1135.