In a new audit approach CRA has been reviewing the records of Canadian casinos and sending proposed tax assessments amounting to multi millions of dollars to Canadian gamblers on the basis of unreported income.

Canada has been criticized for failing to police and control the growth of underground currency exchange and banking networks in Toronto.

Any Canadian citizen, permanent resident, individual or corporation residing in Canada has the right to request access to records of government institutions that are subject to the Access to Information Act and the Privacy Act.

The classic question when considering an acquisition transaction is whether it will be conducted as a share sale or an asset sale.

Looking back on every year there are numerous Canadian income tax developments and changes

The CRA voluntary disclosure program (VDP) only applies to the last 10 years of tax issues such as unfiled tax returns or unreported income or offshore assets not reported on a form T1135.

Tax rectification is a remedy that can be sought when a legal document fails to reflect the tax intent of the parties to that document.

As Canadian tax lawyers we provide income tax advice to taxpayers who have engaged in unreported cash transactions and have decided to correct their back tax filings.

By now, everyone is aware that the current global pandemic of Covid-19 has created complete chaos for businesses big and small.

The Canadian Income Tax Act and Excise Tax Act leave many aspects of tax administration to the discretion of the Canada Revenue Agency (the "CRA").

However, recent trends in the CRA's common practice have seen a general tightening of how the program is run.

When a taxpayer fails to comply with his obligations under the Income Tax Act or other taxation statutes that the Canada Revenue Agency administers, the CRA will often apply penalties such as late-filing penalty, ...

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

While there is overlap in the work that Canadian tax lawyers and tax accountants carry out on behalf of their client, the news that the Canada Revenue Agency has seized several files from a Halifax branch of Grant Thornton . . .

Subsection 15(1) of the Income Tax Act renders shareholder benefits taxable. A shareholder benefit arises where a shareholder receives a benefit from a corporation that is not part of a bona fide transaction ...

When a person passes away, he or she may leave behind unpaid tax debts.

Canada does not have a gift tax in the sense that giving a gift will not immediately give rise to tax. Many gifts can be given tax-free.

On October 6, the Ontario government introduced Bill 213: Better for People, Smarter for Business Act, 2020 and the purpose is to make incorporation more welcoming to foreign-owned or foreign-controlled corporations.

A T5018 is a CRA taxpayer information return known as the statement of contract payments.

In the recent case of Scott v Queen 2020 TCC 4, the Tax Court of Canada released yet another decision regarding section 160 of the Income Tax Act.