What constitutes a non-profit organization for tax purposes is defined in paragraph 149(1)(l) of the Income Tax Act.

In November 2022, the Federal Court granted the CRA's request to force J.D.Irving to turn over its clients' data from January 1, 2019, which included the complete name, contact information, CRA business number or social insurance number and ...

A transfer of property is a taxable disposition and generally triggers a deeming rule that the transferee has received the property at its fair market value under subsection 69(1) of the Income Tax Act.

The Basic Personal Amount (BPA) is a non-refundable tax credit that can be claimed by all individuals who are Canadian tax residents.

On September 18, 2018, the Auditor General of Canada released its audit report on the Canada Revenue Agency's tax compliance efforts.

Legal challenges against the Canada Revenue Agency (CRA) escalated in January 2025 with two separate lawsuits questioning its authority to enforce the federal government's proposed capital gains tax increase.

Under Canadian tax law, the directors of corporations can be held personally liable for the unpaid GST/HST or payroll remittances of their corporation.

In September 2024, the Tax Court of Canada delivered its judgment on Fijal v. The King, 2024 TCC 116.

Caring for a loved one with a disability or chronic illness is an act of compassion, but it often brings significant financial challenges along with the emotional toll.

In April 2025, the CRA issued an interpretation on losses on obsolete crypto inventory. The interpretation provides an official position of the CRA on the treatment of crypto assets that were purchased by the taxpayer to sell for profit and that have become worthless.

According to a recent report from dappGambl, based on data provided by NFTs Scan and CoinMarketCap, it was revealed that out of the 73,257 NFT collections examined by the researchers, a staggering 95% of them...

On June 27, 2023, IRCC launches Canada's first-ever Tech Talent Strategy, announcing aggressive attractions measures, including allowing H-1B visa holders in the United States to apply for a 3-year Canadian work permit...

In Dandees v. The King, 2025 TCC 171, the Tax Court of Canada addressed a common but often misunderstood issue in income tax disputes: when Employment Insurance benefits are repaid later, can a taxpayer choose the year to claim the repayment deduction for a better tax outcome?

In April 2025, Waylon Wilcox, 45, from Pennsylvania pleaded guilty in the U.S. federal court to two counts of falsified tax returns, concealing millions of dollars in income from non-fungible token (NFT) sales.

According to the Financial Transactions and Reports Analysis Centre of Canada (Fintrac), criminals are expected to continue using cryptocurrency to hide their assets from traditional banking systems.

The Israeli Voluntary Disclosure Procedure Removes the Anonymous Track but Introduces a Fast-track Option for Unreported Cryptocurrency Assets.

The U.S. cryptocurrency sector continues to evolve as regulators clarify crypto tax obligations.

Recent IRS tax evasion prosecutions reflect how diverse misconduct—from sophisticated crypto concealment to failure to remit payroll taxes and repeated non-filing—can result in serious legal consequences.

The recently passed federal tax bill represents one of the most significant overhauls of the US tax code in recent years. For individual taxpayers, the legislation introduces several measures designed to adjust tax burdens, incentivize savings, and modernize compliance rules.

On February 20, 2026, the Federal Court of Appeal (FCA) released its decision in Canada v. DAC Investment Holdings Inc. (DAC), 2026 FCA 35, overturning the Tax Court of Canada’s (TCC) ruling that a corporate continuance used to exit the Canadian-controlled private corporation (CCPC) regime did not amount to abusive tax avoidance.