The Common Reporting Standard (CRS) is a new international standard for the automatic exchange of financial account information between tax authorities of over 100 countries.

Please see Vern Krishna's latest article for the Taxnet Pro: Tax Disputes & Resolution Centre titled, "The Three Steps of GAAR" where he discusses the general anti-avoidance rule as a statutory commercial...

International tax treaties generally tax income from business on a net basis. This contrasts with the taxation of investment income, which is taxed on a gross basis.

The CRS which stands for Common Reporting Standards is in essence an automatic annual financial information exchange tool for tax authorities.

Vern Krishna of TaxChambers LLP discusses tax planning for business at year-end in a featured article for Canadian Current Tax.

The CRA is focussed on recovering lost revenue in the real estate market.

Fresh off the press! Volume 2 of Fundamentals of Canadian Income Tax by Vern Krishna has now been published.

Audit, Bar Owners, CRA, David Piccolo, Federal Court, Joe Wahba, Law Society of Ontario, Restaurant Owners, Tax Lawyers, The Beer Store

On Monday, the 2nd of February, 2015, the Department of Treasury released the Obama Administration’s 2016 Budget (Green Book).

The CRA emphasized that there are more tax evasion investigations to come while also setting out the serious consequences of tax evasion in Canada.

Please see Sunita Doobay's latest article for the Canadian Tax Foundation's newsletter Canadian Tax Highlights which covers the U.S. Treasury Department and IRS Notice 2018-29, which makes three exceptions to the withholding requirement

The United States does not recognize an RRSP or a RRIF as a qualified pension plan, and thus there is no Code deduction for a contribution to such a plan.

An expense is generally deductible for tax purposes if the taxpayer incurs it for the purposes of gaining or producing income.

On October 14, 2016, the Ontario Superior Court of Justice concluded that the two trusts in The Herman Grad 2000 Family Trust (2016 ONSC 2402) and The Marya Grad Spousal Trust (2016 ONSC 2407) . . .

The CRA has vast powers under the ETA to enforce upon a GST/HST tax debt. And unlike the Income Tax Act, a disputed GST/HST assessment is not held in abeyance or credited until the matter is resolved.

The US Treasury and the IRS implemented country­by­country (CbC) reporting requirements to ensure that US multinational enterprises (MNEs) are not subject to CbC filing obligations...

On April 8, 2016, a UK-Cayman Islands exchange of notes was signed regarding the sharing of beneficial ownership information.

Recent coverage of the U.S. Supreme Court hearing in South Dakota v. Wayfair, Inc. has brought attention to the issue of sales tax on internet sales.

As part of its response to the COVID-19 outbreak, the Government of Canada has created a number of emergency benefits to assist individuals and businesses through these troubling financial times.

Uber wants its users, its drivers and particularly the Canada Revenue Agency (the "CRA") to agree that it does not provide "rides" to its "customers".