One of the most fundamental rules of the Income Tax Act is that taxpayers who operate a business are required to keep books and records with sufficient detail that the CRA tax auditors can audit and confirm the amounts reported.

The Tax Court of Canada recently decided a case regarding the Section 245 General Anti-Avoidance Rule ("GAAR") of the Income Tax Act.

A Trust is a vehicle for holding family property and it's typically used to reduce a family's taxes.

A recent federal court case in Friedman v MNR has denied protection to taxpayers whose affairs may come under tax audit by the Canada Revenue Agency (the "CRA").

As headlines are talking about an unprecedented leak of secret papers and data involving murky and even illegal offshore financial transactions, governments across the world began investigating possible financial wrongdoing...

Partners in partnerships face different tax rules depending on the nature and amount of their involvement in the partnership.

Yorkwest Plumbing Supply Inc., a Canadian-controlled private corporation that supplies plumbing equipment to contractors, decided to switch its inventory tracking system from a periodic system to a more modern perpetual system ...

In this case, the taxpayer just started his professional poker career and had no past history so factor 1 was inapplicable.

When litigation results in a monetary award, either through a settlement or a decision by a judge, the amount may be taxable.

On January 8, 2019 the Federal Court of Appeal dismissed an Appeal made by a taxpayer who had had their Tax Court of Canada case dismissed

Windfalls are various categories of unexpected monetary gain such as lottery winnings, inheritances, and gifts.

The building construction industry has been identified as being of particular concern for unreported income.

GST/HST is a consumption tax. HST is collected in provinces where the Federal sales tax and provincial sales tax (PST) have been combined into a single value added sales tax.

In Canada, there is a taxation principal of integration which means that, as much as possible, the ultimate tax rate paid on a stream of income is the same regardless of whether it is earned...

Effective August 1, 2020, a regulation was enacted that permits remote commissioning . Ontario legislation O. Reg. 431/20, Administering Oath or Declaration Remotely permits remote commissioning if the conditions set are met.

The taxpayer operates an online store via Shopify that sells all kinds of jerseys to customers in North America, the UK, France and Australia.

Section 261 of Income Tax Act generally requires amounts reported on Canadian tax returns and other tax filings be reported in Canadian currency.

The Canadian tax system provides various benefits to Canadian controlled private corporations (CCPCs) in order to incentivize small businesses.

Non-charitable not-for-profit organizations have two main tax filing requirements.

In Canadian Imperial Bank of Commerce v Canada, 2021 FCA 10, CIBC (the appellant) which issues Visa credit cards, was seeking GST/HST rebates on fees charged by Visa for the supply the bank received as a participant via the Visa payment system.