The 2022 collapse of TerraUSD (UST) and Luna erased nearly $60 billion in global value and remains one of the most disruptive failures in cryptocurrency history.

If Canadian e-commerce businesses have been utilizing Shopify, the Canada Revenue Agency is interested in finding out if they have been correctly reporting their sales.

All Canadian resident taxpayers must file Form T1135 if, at any point during the year, they owned specified foreign property (SFP) with a total cost of more than $100,000 CAD—even if some or all of the property was sold before year-end.

In February 2025, the Tax Court of Canada delivered the ruling on Onischuk v. The King, 2025 TCC 17 (Onischuk). Onischuk was assessed for nil tax owing for the 2011-2012 tax years and received a refund of $627 for the 2013 tax year.

Gone are the days when offshore bank accounts were outside the CRA's reach. With the advent of the CRS, CRA automatically receives financial information of Canadian taxpayers who own bank accounts or assets in other jurisdictions.

While Canadian tax law doesn't sharply define what constitutes a capital expense, it roughly characterizes a capital expense as one that "brings into existence an asset of enduring value."

Jeopardy orders authorize the Canada Revenue Agency (CRA) to initiate immediate collection actions, bypassing the collections limitations outlined in the Income Tax Act.

This article is part three of the five parts "Election Series". In this piece, the attribution rules that apply to inter-vivos transfer of property between spouses and the resulting tax consequences are discussed.

As a complex and massive administrative organ, the Canada Revenue Agency ("CRA") makes its share of mistakes when it comes to processing tax returns and assessing taxpayers.

If your business is subject to a GST/HST audit by the Canada Revenue Agency ("CRA") and you think the results of the tax audit are incorrect you can dispute the result.

The Ontario interactive digital media tax credit is a refundable tax credit based on qualifying expenditures incurred for eligible products and eligible digital games by a qualifying corporation during a tax year.

Registered retirement savings plans are a tax efficient method of investment for individuals created by the government to encourage Canadians to save for retirement.

A Tax Free Savings Account (TFSA) is an investment account that allows any income earned or contributed to the account to be tax-free

The Federal Court's recent decision in Spennie Holdings Inc. et al v. Attorney General of Canada (T-1197-25, released August 15, 2025) reaffirms established Canadian tax law.

For Canadian tax planners and business owners, utilizing inter vivos trusts to flow income through from corporations to beneficiaries is a common strategy for tax deferral and to multiply access to the lifetime capital gains exemption.

Caring for a loved one with a disability or chronic illness is often a labour of love, but it often comes with significant financial strain on top of the emotional burden.

The Income Tax Act and case law allow for various deductions for employees and businesses. Many of these deductions relate to costs incurred to produce income.

The British Columbia Supreme Court decision in Lewis v. WestJet Airlines Ltd. (2025 BCSC 1565) clarifies the circumstances under which accountants' work may be protected by legal privilege.

Mossack Fonseca, the law firm involved in the Panama Papers scandal, was closed, but the scandal's impact on the legal profession endures.

SECURE 2.0 strengthens the U.S. retirement system by expanding contribution opportunities, increasing flexibility for savers, and imposing new compliance obligations.