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In late October 2020, the CRA provided some good news at the Canadian Tax Foundation's annual roundtable session and one new policy specifically dealt with employers' reimbursement of computer and office equipment.

In the course of an appeal to the Tax Court of Canada by a Canadian taxpayer against the CRA, the Canadian tax litigation lawyers for both the taxpayer and the CRA may amend their pleadings under the Tax Court of Canada Rules (General Procedure).

General provisions in the ITA applicable to corporations and their shareholders provide that, in certain circumstances, an exchange of shares of a corporation by a taxpayer is deemed not to be...

Canadian residents2 who own specified foreign property (SFP) that has a cost of over $100,000 during the year must complete form T1135, ...

Finally, the FCA examined the legislative history of the provision.

It may be well-known that litigation can be an expensive venture, but the nuances of how costs can impact a case are often overlooked. The recent decision in Watts v The King, 2024 TCC 100...

In the 2013 federal budget, the Canadian government announced its intention to extend the tax loss restriction rules to trusts.

On June 4, 2020, in a special virtual meeting held with the Tax Court of Canada Bench & Bar Liaison Committee, the Tax Court of Canada outlined its tentative plan to resume operations...

In the wake of Donald Trump's 2024 election victory, many US expats are taking a hard look at their American citizenship—and deciding that renunciation may be their best option.

Most of us have received our Notice of Assessment from the CRA for our 2020 tax returns. Mostly it's petty much as you expected – a refund or no balance owing.

One of the most popular questions I get during my renunciation webinars and over the 4,000 files I've handled is, "Will I lose my Social Security after I renounce my US citizenship?"

When it comes to tax law, governments have two main arrows in their quiver.

The appeal failed because the parties continued after the win path had closed. The hearing created no real opportunity or upside.

Today, the Canada Revenue Agency (CRA) published its new administrative positions on the compliance obligations of financial institutions under Part XVIII (FATCA) and Part XIX (CRS) of the Income Tax Act (Canada).

Four bounces off the rim… and in! A thundering slam dunk over the presumptive NBA MVP. Nailing two free throws in the final 0.9 seconds—sealing the first ever NBA Championship for the Toronto Raptors.

Tax professionals who advise clients on judicial review of the CRA's discretionary decisions should monitor developments in the standard of review of the Supreme Court of Canada's decision in Wilson v Atomic Energy of Canada Ltd.

A seismic change in the international private wealth arena is under way.