In 1991 parliament passed amendments to the Excise Tax Act to create the Goods and Services Tax ("GST").

In some circumstances, taxpayers earning income from employment may be able to deduct employment related expenses from their income to reduce the income tax they owe to the Canada Revenue Agency.

Many Canadians who used to work in the US have Individual Retirement Accounts (IRAs) and qualified retirement plans, such as 401(k) plans.

Allstaff Inc. (the "Taxpayer") is a temporary employment agency that employed its own workers and contracted them out to its clients.

Various commercial events will result in realization of income for the purposes of the Income Tax Act. Occurrences such as the settlement of a debt for less than full repayment creates an economic windfall for those receiving the debt relief.

In the case of donated securities, the clearing date for the securities transfer to the charity has to take place by December 31.

The cryptocurrency market has been highly volatile for the past several years. In fact, it is one of the most volatile non-derivative financial assets on the market.

Canadian tax residents are taxed based on their worldwide income. However, non-residents for Canadian tax purposes (which is a different test then immigration purposes) are only liable for Canadian tax on their Canadian source income ...

In March 2024, the Supreme Court of Canada denied the application for leave to appeal by Glencore Canada Corporation, the taxpayer, against the CRA, finally closing a tax dispute that had been dragging on for almost 30 years.

A pig butchering scam is a fraud in which people are convinced to invest money in cryptocurrency into a fake crypto trading platform that seemingly generates very high returns.

Draft legislation on tax reporting rules for trusts was initially proposed in July of 2018 and later confirmed in the Federal Government's 2019 Budget.

In the previous article found here, we discussed the various tax considerations that apply to non-residents of Canada when acquiring Canadian real estate.

The Canadian tax laws addressing the tax of individual non-residents disposing of Canadian real property are, although not drastically different from those imposed in similar transactions...

The Canada Revenue Agency (CRA) has revealed that $458 million in funds distributed to employers through a pandemic-era wage subsidy program have either been denied or adjusted.

During a typical tax dispute between a taxpayer and the CRA, the CRA will advance one or several grounds for the assessment or reassessment against a taxpayer.

In this final part of the article, we explain how SME business owners who move quickly can secure preferential tax treatment for their Eligible Capital Property (goodwill).

Many distributors and manufacturers provide their customers or third-party purchasers rebates on their products or services.

In MNR v Zhao, the Canada Revenue Agency (CRA) filed an ex parte application for a jeopardy order authorizing CRA to take collection action with respect to amounts of income tax owing that were assessed against a taxpayer.

In The University of New Brunswick v. The Minister of National Revenue, 2023 TCC 72, the University of New Brunswick, appealed a decision of the CRA, that classified a post-doctoral fellow as an employee of the University.

Bitbuy and Newton, two cryptocurrency exchanges based in Canada, have implemented a yearly purchase limit of $30,000 Canadian for "restricted coins" for their users residing in Ontario.