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Rotfleisch & Samulovitch P.C.
 
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Tel: +1 416 367 4222
Fax: +1 416 367 8649
2822 Danforth Avenue
Toronto
Ontario
M4C 1M1
Canada
By David Rotfleisch
To date, the Canada Revenue Agency treats Bitcoin—and crypto-currencies in general—as a commodity for tax purposes.
By David Rotfleisch
Back in the summer of 2018, the Canada Revenue Agency ("CRA") promised to expose those who evade tax by using cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Dash, Zcash, and Ripple.
By David Rotfleisch
On February 14, 2019, the Supreme Court of Canada dismissed the taxpayer's application for leave (permission) to appeal the Federal Court of Appeal's split decision in The Queen v Cheema (2018 FCA 45).
By David Rotfleisch
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.
By David Rotfleisch
When the provincial government of Ontario replaced the OHIP premiums with the Employer Health Tax, a burden was placed on employers in the province to remit a tax determined as percentage of the total remunerations paid to its employees within the province.
By David Rotfleisch
This article is part two of the five parts "Election Series" whereby the tax consequences and available election for inter-vivos transfer of property between spouses is discussed.
By David Rotfleisch
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.
By David Rotfleisch
Rectification gives parties a means of fixing mistakes in a written agreement or other legal document.
By David Rotfleisch
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.
By David Rotfleisch
QuadrigaCX, Canada's largest cryptocurrency exchange, lost its founder and chief executive Gerald Cotton on December 9, 2018.
By David Rotfleisch
In this case, the taxpayer just started his professional poker career and had no past history so factor 1 was inapplicable.
By David Rotfleisch
Canadian employers that pay salaries, wages, or most other types of remuneration to an employee are obligated to withhold or deduct an amount specified by the regulations to the Canadian Income Tax Act from each wage payment.
By David Rotfleisch
The CRA must, however, exercise this discretionary authority in a manner that is fair—both procedurally and substantively.
By David Rotfleisch
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."
By David Rotfleisch
Should you or your business face these tax penalties it is imperative to preserve your professional reputation.
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