Most Read: Contributor Canada, October 2022
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Can't Pay Your Taxes? A Primer On When CRA Grants Taxpayer Relief (TPR) On Penalties, Interest
Rotfleisch & Samulovitch P.C.
When a taxpayer cannot meet tax payment deadlines or fulfill other obligations set by the Canada Revenue Agency due to personal misfortune or uncontrollable circumstances, penalties and interest are typically imposed by the CRA.
The Lifetime Capital Gains Exemption: Crystal Clear Or Pure Confusion?
Thompson Dorfman Sweatman LLP
The Lifetime Capital Gains Exemption ("LCGE") allows every eligible individual to claim a deduction to their taxable income for capital gains realized on the disposition...
Are You An "Accidental American"? Why Now May Be A Good Time To Renounce Your US Citizenship.
Moodys Private Client Law LLP
An alarming number of people living abroad don't realize they're US citizens who are subject to annual taxation and filing obligations to the IRS.
Burden Of Proof For Misrepresentation In Tax Reassessments Is High—And Rests With Canada Revenue Agency (CRA)
Rotfleisch & Samulovitch P.C.
The Canada Revenue Agency (CRA) conducted tax reassessments for the tax years 2014, 2015, and 2016, expressing doubts about the reported amounts in taxpayer Mr. Burke's tax returns.
Tax Tricks For Selling The Shop, Part 2
Minden Gross LLP
If you're the owner of a private business that has grown in value over the years, much of your personal and family wealth is likely to be tied up in your company. At some point, you may want to access that wealth...
Warning For Canadian Businesses: The CRA Is Not Sympathetic To Victims Of GST/HST Tax Fraud; The Onus Is On Canadian Taxpayers To Protect Their Businesses From VAT Fraud
Rotfleisch & Samulovitch P.C.
GST/HST fraud is a significant problem in Canada. It is estimated that the Canada Revenue Agency (CRA) loses billions of dollars each year because of fraudulent GST/HST refund claims and other fraudulent activities related to GST/HST.
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