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Under subsection 164(1) of the Income Tax Act, a corporation must file its tax return within three years of the end of the taxation year to be entitled to receive a tax refund ...

The Canadian Income Tax Act requires certain corporations to file their annual income tax returns electronically.

Recently, there have been significant discussions regarding government crackdowns on tax havens related to multinational organizations moving profits offshore. From a tax perspective, any financial planning that involves moving profits offshore by multinational organizations is justifiable if the corresponding functions, assets, and risks borne to earn these profits are also shifted offshore.

The Canada Revenue Agency (CRA) recently released final versions of new forms (the Forms) to be provided by recipients of payments from Canadian residents to certify eligibility for treaty-reduced rates of Canadian withholding tax.

Today is Inauguration Day in the United States. Joseph R. Biden Jr. is now the official resident of the White House as President of the United States and Kamala Harris is Vice President

If you are currently operating your small business as a sole proprietor, you may have come face-to-face with the age-old question: Should I incorporate? For most small businesses, incorporation...

On June 7, 2013, Québec's Minister of Finance and the Economy, Nicolas Marceau, announced the creation of the Task Force on the Protection of Québec Businesses.

This Supreme Court of Canada decision created a new approach to retroactive child support and arrears.

On December 21, 2012, the Minister of Finance released for consultation draft legislative proposals (the December 21 Proposals) to implement certain technical amendments to the Income Tax Act (Canada) (the ITA).

Professionals that are regulated by a governing professional body—such as physicians, dentists, veterinarians, lawyers, accountants, engineers and architects—often choose to operate through professional corporations (PCs).

The Canada Revenue Agency (CRA) has recently issued an administrative income tax ruling which expands the possible application of the 5/25 Canadian withholding tax exemption for interest paid by Canadian corporate borrowers, by blessing a back-to-back loan arrangement.

On December 18, 2009, Canada’s Minister of Finance released draft regulations relating to the taxation of Canadian multinationals with foreign affiliates.

On November 10, 2008, the Government of Canada released legislative proposals relating to functional currency tax reporting.

The Ontario Court of Appeal has dismissed the Crown's appeal in Fairmont Hotels Inc. v. A.G. (Canada) (2015 ONCA 441).

In Public Television Association of Quebec v. M.N.R. (2015 FCA 170), the Federal Court of Appeal dismissed the appeal by the Public Television Association of Quebec of the CRA's decision to revoke PTAQ's registered charity status.

The Tax Court has in recent years demonstrated a willingness to use cost awards to control the parties’ conduct.

Earlier today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, delivered the Liberal Party's first federal budget under Prime Minister Mark Carney (Budget 2025).