To prevent income splitting the Canadian Income Tax Act contains rules that reallocate income to a transferor in certain non arms length situations

As of December 10, 2016 new rules are applicable for corporations that have been dissolved in Ontario for failure to file tax returns with new deadlines within which owners may revive a dissolved corporation and recover the corporate assets.

A trust examiner conducted an HST audit of The Canadian Auto Exchange for 2013 reporting periods.

In order to properly deal with most CRA income tax problems, it is essential to obtain the complete file that CRA has.

The Offshore Tax Informant Program (OTIP) is the Canada Revenue Agency (CRA) confidential whistleblower program that was put in place in January 2014.

Alberta couple have been fined almost half a million dollars after they pled guilty in December 2015 to evading $486,000 in federal income tax in 2007 and 2008.

On Nov 6, 2015 the Federal Court of Appeal dismissed the CRA appeal in MNR v McNally 2015 FCA 248 in a unanimous decision

CRA has begun to collect the fingerprints of Canadians who are accused of tax evasion, even though they may never be convicted.

Earlier in June 2017 68 members of the OECD signed a tax treaty that has the effect of amending bilateral tax treaties on a wholesale basis.

A scanned copy of the executed authorization must then be sent to the CRA using its submit documents feature.

On January 16 and 17, 2017 CRA participated in a meeting of the Joint International Taskforce on Shared Intelligence and Collaboration Network (JITSIC), a network of over 35 tax administrations.

You have to report all worldwide income including income from the shared economy such as Airbnb or Uber. If you don't you will be charged civil tax penalties and may be prosecuted for tax evasion.

As threatened at the time of the massive Panama Papers tax haven information leak, the Canada Revenue Agency has confirmed tax fraud investigations of dozens of Canadians for possible tax evasion charges linked to the Panama Papers.

The Canada Revenue Agency confirmed in a roundtable discussion in January 2016 that professional fees related to the defence of a Canadian taxpayer's filing positions...

While Rotfleisch tells Lawyers Weekly that he certainly felt the financial pressure when starting out, he didn't give in when a real estate transaction came his way. He referred it out, and says he is glad he did.

News that the Canada Revenue Agency (CRA) has revoked the charitable status of a New Brunswick non-profit underscores how vital it is for charities to file annual information returns with the agency.

CRA has announced that it's increasing the number of international electronic funds transfers (EFT) tax audits that it will be conducting.

Erhard Unger was convicted in Penticton, BC of failing to file income tax returns and was fined $1,000.

Every year, people need to update themselves on the tax facts of the country where they live or own a business.

The use of a company automobile has strict limits on deductible amounts and income inclusions. These rates are updated on an annual basis. The 2017 automobile rates have now been released by CRA.