On April 7th, 2022, the federal government announced its new fiscal budget proposal. Many of the proposed changes were directed towards addressing the lack of affordable housing.

Federal Court of Appeal ruled that the CRA's review officer's failure to engage with the request for equitable treatment was unreasonable.

The 2025 federal budget significantly reshapes cryptocurrency taxation in Canada, with important implications for both individuals and businesses. The measures reflect a broader federal strategy to close compliance gaps and strengthen tax administration around digital assets.

With public health measures and local economies gradually reopening, on June 2, 2021, the federal government announced the introduction of a new program—the Canada Recovery Hiring Program (CRHP)...

In July 2018, the Canada Revenue Agency announced its progress in exposing those who evade tax by using offshore entities or cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Dash, Zcash, and Ripple.

This is Part III of the series, which examines the similarities and differences between the voluntary disclosure program available in Canada and in the UK.

Taxpayers may, under subsection 220(3.1) of the Income Tax Act ("Tax Act"), request relief for penalties and interest in what is referred to as a taxpayer relief application (formerly known as fairness application).

The Canada Revenue Agency (CRA) is set to pilot a new automatic tax filing system in 2024.

Canadian taxpayers may be surprised to know that choice pervades the Canadian tax system. A common perception of the Canadian taxation is a complex labyrinth where a taxpayer has no choice but to follow the rules prescribed.

On June 28, 2024, the Digital Services Tax Act (DSTA) entered into force. The introduction of the Digital Services Tax represents a significant shift in the country's approach to taxing the digital economy.

An Employee Ownership Trust (EOT) is a Canadian-resident trust designed to hold shares in qualifying businesses on behalf of employees, supporting succession planning and promoting employee ownership in small and medium-sized enterprises.

The Canada Revenue Agency ("CRA") has long adhered to the Surrogatum principle, which applies the same tax treatment of settlement payments and damages awarded at trial by a judge.

Generally speaking, the starting point regarding the administration of income tax law in Canada is subsection 150(1), which states that a taxpayer must prepare and file an income tax return for each tax year ...

EFILE is an electronic service that allows tax preparation service providers in Canada to file their clients' tax returns with the Canada Revenue Agency (CRA) directly from their tax preparation software.

Subsection 220(3.1) of the Income Tax Act provides the Canada Revenue Agency with broad discretion to grant taxpayer relief within the 10-year limitation period.

The Economic Substance Doctrine, codified under IRC §7701(o), is a critical anti-abuse rule in U.S. tax law. It ensures transactions have both a meaningful economic effect and a legitimate non-tax business purpose.

Foreign exchange bureaus operating in the United States face rigorous IRS and FinCEN oversight due to their classification as Money Services Businesses (MSBs) under the Bank Secrecy Act (BSA).

As crypto continues to evolve rapidly, so does the U.S. taxation of cryptocurrency, with the IRS and other federal agencies taking an increasingly active role in regulating and enforcing compliance with tax and all other applicable laws.

Purchasing Canadian real estate is often a popular and profitable type of investment for both Canadian and non-Canadian residents.

A tax Notice of Objection is a formal dispute filed with the Canada Revenue Agency wherein the taxpayer appeals tax amounts assessed against the taxpayer by the Canada Revenue Agency.