5,654 results found

Budget 2021 proposes to grant the Canada Revenue Agency the authority to demand oral responses in the course of an audit.

Budget 2023 proposes the first major changes to the Alternative Minimum Tax (the "AMT") since its introduction in 1986 with the stated goal of "ensuring the wealthiest Canadians pay their fair share."

Canada's 2025 federal budget introduced long-anticipated amendments to Canada's transfer pricing rules following a consultation process initiated in June 2023.

On March 22nd, 2016 the new federal Liberal government will table its first budget and members of the tax community are expecting a number of tax changes that could significantly impact owner–managers of Canadian businesses.

In the Federal Budget tabled on April 19, 2021 (Budget 2021), the Government of Canada announced its intention to introduce legislation to implement limitations on interest deductibility.

On December 15, 2009, the Canadian government passed changes to the Canada Pension Plan (CPP). Some of these changes began taking effect on January 1, 2012. This article outlines what these changes are and how they might affect you.

A new Liberal minority government led by Prime Minister Mark Carney could result in significant tax policy changes aimed at providing relief to middle-class families, stimulating the housing market and fostering innovation—as well as responding to ongoing U.S. tariff tensions.

In an Advance Income Tax Ruling in 2020,the Canada Revenue Agency considered the issue of substituted property in the context of a reorganization involving a stock dividend.

In a recent decision by the Tax Court of Canada (the "TCC"), Coopers Park Real Estate Development Corporation v. His Majesty The King, the court was asked to consider the scope of documentary discovery and, specifically, the impact of solicitor-client privilege upon parties' disclosure obligations regarding communications and materials provided by third party advisors.

Officials with the Canada Border Services Agency and the U.S. Department of Homeland Security commenced a cross-border information exchange initiative.

On June 3rd, 2009, the Tax Court found in favour of the taxpayer in "Collins & Aikman Products Co. et al v. The Queen".

On July 26, 2010, the Canadian Federal Court of Appeal released its decision in the case of "GlaxoSmithKline Inc. v. Her Majesty The Queen".

The Federal government has announced several COVID-19 relief packages for individuals and businesses which include enhancements to Employment Insurance (EI), an extension of certain income tax return deadlines...

On May 26, 2016, the Canada Revenue Agency announced that it will consider Florida and Delaware limited liability limited partnerships and US limited liability partnerships to be corporations for Canadian tax purposes.

A common law marriage is an informal relationship that does not require the legal form of a statutory marriage.

According to the Tax Court of Canada in Ramey v. The Queen, 93 DTC 791 (Ramey), at paragraph 6, the "net worth method of estimating income is an unsatisfactory and imprecise way...

In its response, the CRA explained that the discretionary non-refundable tax credit set out in subsection 118.1(3) of the ITA is provided to individuals for a taxation year computed by reference ...