The Income Tax Act (Canada) contains a General Anti-Avoidance Rule that disallows tax benefits arising from certain tax-motivated transactions
The Federal Court recently ruled that taxpayers may be required to disclose descriptions of records that should have been kept, including oral contracts.
Budget 2021 proposes new legislation to target strategies to avoid tax liabilities that would otherwise arise under section 160 of the Income Tax Act.
Budget 2021 proposes new legislation to target hybrid mismatch arrangements
Budget 2021 proposes to grant the Canada Revenue Agency the authority to demand oral responses in the course of an audit.
Budget 2021 announced legislative changes that will provide welcome relief to trusts and corporations that are “registered investments”.
Budget 2021 proposes the extension of both the Canada Emergency Wage Subsidy (“CEWS”) and the Canada Emergency Rent Subsidy (“CERS”).
The CRA has announced two new permitted approaches for employers to claim deductions in respect of home office expenses incurred in 2020.
This article discusses the government's proposal to extend the time for junior mining companies to spend amounts raised on issuance of flow-through shares.
This article provides a detailed analysis of the proposed changes to the Canada Emergency Wage Subsidy announced by the Government on July 17, 2020.
We discuss steps corporate directors can take to protect themselves from personal liability for deferred GST/HST remittances.
Government Expands Entitlement to the Canada Emergency Wage Subsidy
As part of the Canada Emergency Wage Subsidy, employers with eligible employees on "leave with pay" can potentially claim an increased subsidy.
The Canada Emergency Wage Subsidy offers government subsidies of up to 75% of qualifying employee wages.
As the COVID19 pandemic disrupts business operations around the world, inhouse tax professionals must strive to adapt to rapidly changing tax requirements and new compliance challenges.
Budget 2019 proposed new rules to combat tax strategies employed by certain mutual fund trusts to disproportionately allocate capital gains to redeeming unitholders under the so-called “allocation to redeemers” methodology.
Budget 2018 introduced measures to limit the tax deferral advantages perceived to be afforded to private company investment income.
Budget 2018 proposes to tighten so-called "at-risk" rules in the Income Tax Act to limit losses that may flow through a tiered limited partnership structure.
Budget 2018 introduced several international tax measures designed to address certain taxpayer transactions.
Budget 2018 plans to tax cannabis and will include the full range of regular taxes such as income tax on business profits, GST on product sales and the property taxes and licence fees
Budget 2018 to amend the Income Tax Act to afford Canada Revenue Agency time to reassess certain taxpayers and more latitude to share information with foreign authorities
Budget 2018 reaffirms Government desire to subject services rendered by general partners of investment limited partnerships to GST/HST treatment and intention to examine holding corporation rule
Budget 2018 extends mineral exploration tax credit for so-called flow through shares for another year and eligibility for accelerated capital cost allowances for investments in clean energy equipment
Private Corporation Tax Proposals: "Striking a Balance" or Introducing Greater Complexity?
A New Tax on Investment Funds: Distributions to General Partners (GPs) of "Investment Limited Partnerships" Possibly Subject to GST/HST
Further Changes to Ontario's Land Transfer Tax Regime: Trust and Partnership Transparency on the Chopping Block
Federal Government Proposes Fundamental Changes to the Voluntary Disclosures Program
Budget 2017: New Rules Governing the Taxation of Segregated Funds
Budget 2017: Tax Changes Affecting the Resource affecting the oil & gas and mining industries
Budget 2017: "Switch" Fund Reorganization Rules Introduced
Doing Business in Canada - Key Canadian Tax Considerations
Canada Revenue Agency Poised to Limit Access to the Voluntary Disclosures Program
Offshore Investment Fund Property Rules Clarified by the Tax Court
Canada Revenue Agency Frowns Upon the Use of US LLPs and LLLPs
Budget 2016: Expanding Tax Support For Clean Energy
Budget 2016: Labour-Sponsored Venture Capital Corporations Tax Credit Re-Introduced
Budget 2016: debt parking rules expanded to address foreign currency denominated debts
Budget 2016: Taxation of Emissions Trading Activities Clarified
Budget 2016: Eligible Capital Property Rules Revamped
Budget 2016 – New Rules Governing the Taxation of “Switch Fund” Shares
Number of Voluntary Disclosures Continues to Increase
Tax Withholding Obligations of Non-Resident Employers: Further Exemption Details Released
Taiwan – Canada Tax Arrangement Released
Are Changes to the Flow-Through Share Regime Around the Corner?
New Governments First Round of Tax Changes Introduced in Parliament
Significant Tax Changes on the Horizon
Budget 2015: Penalties for Tax Reporting Failures Modified
Budget 2014: Treaty Shopping
Budget 2014: Consultation on Eligible Capital Property
Budget 2013: international tax compliance
Wood. v. Holden: Clarifying the "Central Management and Control" Test
BJ Services Company Canada v. The Queen - Capital Confusion: The Evolving Tax Characterization of Merger Costs