Mondaq Canada: Tax
Rotfleisch & Samulovitch P.C.
The CRA voluntary disclosure program (VDP) only applies to the last 10 years of tax issues such as unfiled tax returns or unreported income or offshore assets not reported on a form T1135.
Fuller Landau
The world is figuratively shrinking a little more every single day.
Minden Gross LLP
Most homeowners in Canada know that when they sell their principal residence, any resulting gain will not be subject to tax in Canada.
McLennan Ross LLP
In June 2016 we sent out an alert regarding the changes in the Income Tax Act which stated that the tax advantages of a common corporate structure used by professionals...
Stikeman Elliott LLP
On July 22, 2016, the Tax Court of Canada released its highly anticipated decision in Gerbro v. R dealing with the offshore investment fund property rules in section 94.1 of the Income Tax Act.
Grant Thornton
Measures introduced in the 2016 federal budget proposed that exchanging units of one corporate class fund for another would no longer be tax deferred, starting October 1, 2016.
Gowling WLG
Article 1736 IV bis of the French Tax Code (FTC) imposes very high penalties for trustees who fail to comply with filing requirements imposed by French tax legislation applicable to trusts.
McInnes Cooper
An Indian band assessing the value of leased reserve lands for property tax purposes under its authority to tax reserve lands pursuant to a band by-law is still subject to the "highest and best use" principle.
Collins Barrow National Incorporated
There can be a significant amount of wealth tied-up in farm businesses—including partnerships and corporations—and there are opportunities in the succession process to distribute that wealth on a tax-free or tax-deferred basis.
Collins Barrow National Incorporated
The Canadian government is planning to change the way it calculates tax on quota sales beginning January 1, 2017. Many farmers are worried about how this will impact their operations, particularly if they are incorporated.
Borden Ladner Gervais LLP
L'Amiante's corporate structure was reorganized to facilitate the departure of the taxpayer Mr. Poulin, and to integrate Mr. Hélie into the company.
Collins Barrow National Incorporated
Expanding your company's operations into a different province or even country can be a significant step in your growth trajectory, but the process itself can be overwhelming.
Collins Barrow National Incorporated
So the time has come for you, a non-resident of Canada, after many years of personal enjoyment or rental revenues, to sell your Canadian real estate.
Gowling WLG
The section 125 small business deduction (SBD) is a tax policy tool that the Canadian government uses to encourage private businesses in Canada.
Gowling WLG
This article is part of a series dealing with draft legislation released for comment by the Department of Finance on July 29th.
Miller Thomson LLP
The Canada Revenue Agency recently released an interesting interpretation regarding the "splitting" of a universal life insurance policy between the two lives insured under the policy.
Collins Barrow National Incorporated
Whether selling milk, eggs or other produce, farmers working in supply management use a quota system to take their product to market.
Rotfleisch & Samulovitch P.C.
Individual Canadian immigrants are exempt from the requirements to file a T1135 information return for the year in which they first become Residents of Canada.
When we performed the same audit on the same documents, the assessment was almost zero.
Rotfleisch & Samulovitch P.C.
If your application is denied by CRA, one of our top Canadian income tax lawyers can help you contest CRA's decision.
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Borden Ladner Gervais LLP
Financial institutions are besieged by requests to release the assets of deceased people without a probated Will.
Borden Ladner Gervais LLP
In February of this year we issued a number of bulletins describing legislative changes coming into force in 2016 which will have a significant impact on estate planning.
McMillan LLP
Individuals and families whose tax plans include trusts should take note of the recent decision of the Supreme Court of Newfoundland and Labrador in Discovery Trust v Minister of National Revenue ("Discovery Trust").
Minden Gross LLP
You might think that giving generous gifts of property or other assets to family members would be fairly cut-and-dried affair.
Minden Gross LLP
Tax and succession planning lawyer, Michael Goldberg, is interviewed by Peter Merrick in The Bottom Line on the impact changes to the taxation of eligible capital property will have on businesses...
Thompson Dorfman Sweatman LLP
If more than one person owns the business, it is very common that the owners prefer to withdraw money from the business at different times.
Rotfleisch & Samulovitch P.C.
Being audited is an unpleasant experience; however, resolving a tax issue in the tax audit stage is one of the most timely and cost effective outcomes for the CRA.
Recently, I was contacted by a small business owner who had an unpleasant conversation with a CRA collections officer about an outstanding GST/HST assessment against his small company (of which he was a director).
Norton Rose Fulbright Canada LLP
The date for implementing these measures is January 1, 2017.
Collins Barrow National Incorporated
The term "income splitting" refers to the transfer of taxable income from a higher-income family member to a lower-income family member to reduce the family's overall income tax payable.
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