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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.

The 2022 federal budget (the "Budget") includes a number of measures directed to the financial services sector, including measures in respect of anti-money laundering ("AML")...

This is particularly true of software.

The main themes of Budget 2007 include: Environment and Health, Tax Relief, Fiscal Balance, Security, and Capital Markets. Key Conservative promises include the Tax Back Guarantee that will dedicate approximately $1 billion per year in debt interest savings to ongoing personal income tax reductions.

In response to the COVID-19 pandemic, the Canada Revenue Agency (CRA), provincial tax authorities and Canadian courts are making adjustments to their administration of the tax system and adjudication

Canada's income tax system is designed around every taxpayer, individual, corporation or trust, filing an annual return which reports all of the income that taxpayer earned during the year.

The Income Tax Act (Canada) (the Act) imposes a variety of technical rules, filing requirements and reporting requirements. Failure to comply can lead to interest charges, penalties and, potentially, criminal sanctions.

In January of 2016, the Canadian Securities Administrators (the "CSA") published CSA Staff Notice 52-306 Non-GAAP Financial Measures.

On September 18, 2020, the CRA filed a Federal Court application against Coinsquare in order to compell the Toronto-based cryptocurrency platform to disclose tax information related to its customers.

This paper focuses on the changes from the Section 5970 standard to the new CSAE 3416 standard, including comments on the impact of those updates on service organizations and service auditors

The new CBSA Assessment and Revenue Management ("CARM") is scheduled to launch on May 13, 2024. The implementation approach of the Canada Border Services Agency...

Lack of transparency in calculations, insufficient context and significant variations by issuer and industry, a "stronger tool was needed to take appropriate regulatory action".

In the previous post, we presented a basic framework for analyzing the impact of foreign exchange fluctuations on quantifying financial remedies.

It's time for an update in the accounting profession. Firstly, the use of the title "accountant" should be regulated; and secondly, while we're at it, it's also time for a tax specialization designation.

The Federal Court of Appeal has now issued its Judgment and Reasons (2020 FCA 141) on the appeal.