Meet Mr. X. Don't judge him by his country of residence. It is not his fault. It wouldn't be fair. He was taken there as a child by his parents who were fleeing another country for a better life.

Under Canadian tax law, directors of a corporation can be held personally liable for certain components of a corporation's tax debt which the corporation cannot pay, such as in the case of an insolvency.

Disagree with the Canada Revenue Agency's Notice of Assessment? You don't have to accept it lying down. You CAN fight their decision by filing a Notice of Objection.

Taxpayers in Canada are supposed to file their tax returns accurately and timely, otherwise there may be interest and penalties or even criminal prosecutions depending on the situation.

The cost of life insurance is a cost which is usually borne by individuals and is not something that people think of as a deductible expense.

Social media influencers and game streamers can earn hundreds of thousands of dollars per year and are paid in both cash and merchandise.

On September 11, 2020 the Canada Revenue Agency ("CRA") conducted a consultation hosted by the Canadian Chamber of Commerce. At this consultation, the CRA provided guidance on the...

In recent years, the CRA has taken a rather aggressive approach in recovering uncollected taxes. The Offshore Tax Informant Program awards informants 5 to 15 percent of the federal tax collected...

The following are considerations on deductions that independent contractors and salaried employees may count against their income due to the current COVID-19 pandemic.

Taxpayers are often aware of the common triggers for a Canada Revenue Agency (CRA) audit, such as claiming large expenses, failing to report a tax slip, or simply working in an industry known to underreport their income.

The Canadian income tax system is based on residence status. Under subsection 2(1) of the Income Tax Act, an income tax is payable on the taxable income of every person resident in Canada at any time in the year.

(January 26, 2021, 12:42 PM EST) — In part one, we discussed paragraph 20(1)(e.2) in the Income Tax Act (the Act),

Although not an actual law as it is in the United States, the Taxpayer "Bill of Rights" sets out sixteen rights, eight of which are within the mandate of the Taxpayers' Ombudsman's office.

Almost all of us have been working from home during the COVID-19 pandemic and many of us will continue to work from home for some time to come.

When a Canadian resident holds specified foreign properties with a cost exceeding $100,000 anytime during the taxation year, he or she must file the T1135 form – Foreign Income Verification Statement for that year.

When a Canadian resident holds specified foreign properties with a cost exceeding $100,000 anytime during the taxation year, he or she must file the T1135 form...

The creation of allowances in tax and anti-money-laundering compliance is a common practice in every jurisdiction. This permissive regulatory approach is deeply rooted in the idea that law is made for man and not man for law.

Sometimes a taxpayer is randomly selected for an audit. It's like winning the worst lottery in the world, and there's nothing you can do to change that.

CRA has recognized the power of the methodology to cause harm to the taxpayer resulting from inaccurate and excessive reassessments.