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The Canada Revenue Agency's Voluntary Disclosures Program (VDP) provides opportunities for taxpayers who have previously provided incorrect or inaccurate information while preparing a tax return.

(September 23, 2019, 9:28 AM EDT) -- It is often the case that tax authorities audit a taxpayer for multiple taxation years. For example, tax authorities could start auditing a corporation today

The Offshore Compliance Advisory Committee (OCAC) has published its report on the CRA's Voluntary Disclosure Program...

The release of a joint CBC / Toronto Star investigation earlier this week has made headlines across the world and calls Canada's tax system into question.

The Ontario Ministry of Finance considers partnerships and most trusts to be transparent for Ontario land transfer tax (LTT) purposes.

Canada's federal government has made permanent the $10-million capital gains tax exemption for business sales to employee ownership trusts, removing the previous 2026 sunset clause. This significant policy shift provides business owners and their advisors with greater certainty when considering employee succession strategies as an alternative to traditional third-party sales or family transfers.

The Canadian federal budget presented on April 16, 2024 confirmed the government's intention to proceed with numerous previously-announced tax measures "as modified to take into account...

In the recent case of SEC v. Wyly (SDNY, no. 1:10-cv-05760, 2014 BL 267268), the US Securities and Exchange Commission (SEC) successfully obtained a disgorgement order against Samuel Wyly and the estate of Charles Wyly.

On August 4, 2023, the Department of Finance released draft legislation containing the most substantial overhaul of the general anti-avoidance rule (the GAAR) since its inception.

In Bakorp Management Ltd. (2019 FCA 195), a tax procedure case, the appellant appealed unsuccessfully to the FCA to overturn the TCC decision denying the appellant's request, ...

On December 5, 2011, the Federal Court of Appeal released its decision in John Fluevog v. The Queen (2011 FCA 338). I

In Allegro Wireless the Tax Court of Canada ("TCC") highlighted that, to qualify as an expert, a witness must be able to demonstrate sufficient knowledge of the business and the factual foundation...

Navigating the tax landscape of spousal support payments can be complex, but it is essential for ensuring compliance with Canadian tax laws. Managing these payments is not only crucial for tax efficiency...

Toolbox Seminar Hot Topic...

Proposals to limit claims for the lifetime capital gains exemption

In this first installment of Blue J Predicts on Tax Notes for 2022, we take stock of this column's inaugural year of 2021. We review our predictions from the past year and reflect on the state of the technology of tax prediction.

This article provides information about the Voluntary Disclosure Program administered by the Canada Revenue Agency.