1,722 results found

Tax executives and practitioners familiar with administrative procedures under the Canadian <I>Income Tax Act</I> (the "Act") are aware of the broad powers afforded the Canada Customs and Revenue Agency ("CCRA") to conduct audits, to compel the production of books and records and even to obtain and execute search warrants

During any type of tax dispute resolution process, a taxpayer's priority should always be to meet the deadlines prescribed by the relevant legislation.

Where there is a financing of a multinational group of affiliated corporations, it is becoming more common to have the indebtedness issued by several of the affiliated corporations as co-issuers, in which case there are various tax issues to address.

Saving for your child's education may not be at the top of mind when they are young, but when put to the test, starting to plan early will get you and your child at the top of your [financial] class.

For a number of reasons, income trusts have featured prominently in the business media in the last few months. One issue that has garnered its share of headlines concerns the restrictions on ownership of income trusts by non-residents that often apply under Canadian income tax law

In Chambre des notaires, the SCC found that the ITA creates a conflict between legal advisors' duty of professional secrecy and their statutory duty of disclosure to the tax authorities.

Taking into consideration the differing political contexts of Canada and the United States, you might assume that the United States, because of its small government bent...

The title to Bob Dylan's 1964 song is an appropriate way to describe the impact of newly released proposed tax rules.

In Canada, the CRA enforces Canada's income tax, Goods and Services Tax ("GST"), Harmonized Sales Tax ("HST") and federal payroll taxes laws. These tax systems all have an element of self-reporting.

Many private sector employers in Ontario maintain and utilize template offers of employment or employment agreements to provide to employees at the time of hire or upon promotion.

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.

Much attention has been focussed recently in Canada on the privacy issues arising out of the use of service providers for data processing services where the data is either stored in the U.S. by a U.S. organization or is stored in Canada by a Canadian organization where such organization has a U.S. affiliate (in each case, a U.S. linked service provider).

Canadian in-house legal departments are being asked to do more, cover more ground, and shoulder greater organizational risk than ever before, often without corresponding increases in time, staffing, or support.

The Canada Emergency Wage Subsidy ("CEWS") is a government subsidy that was available for eligible businesses with full-time employees from March 15, 2020, to November 30, 2021.

Gone are the days when offshore bank accounts were outside the CRA's reach. With the advent of the CRS, CRA automatically receives financial information of Canadian taxpayers who own bank accounts or assets in other jurisdictions.

A tax Notice of Objection is a formal dispute filed with the Canada Revenue Agency wherein the taxpayer appeals tax amounts assessed against the taxpayer by the Canada Revenue Agency.