Articles 2020

The article: (i) provides an overview of Canada Revenue Agency’s voluntary disclosure program; and (ii) highlights certain recent changes regarding the administration of the program.

The article provides an overview of new legislation that requires all international electronic funds transfers of $10,000 or more to be reported to the Canada Revenue Agency.

The recently released Canada Revenue Agency document 2014-0519701I7 sets out the CRA’s position regarding whether the Minister of National Revenue can refuse a nil or substantially incomplete income tax return filed under ss. 150(1) of the Income Tax Act.

The importance of controlling the litigation process and making the right decisions at the outset of every case.

“I swear it’s not my fault”: An Update on the Due Diligence Defence to a Director’s Liability Assessment under Canadian Tax Statutes.

Legislative changes proposed in the 2014 Federal Budget, which are slated to come into force on January 1, 2015, will allow for GST/HST Free Intercompany Transfers.

The author provides an overview and practical tips concerning tax-related rectification proceedings.

The author discusses the application of the new restrictive covenant rules in section 56.4 of the Income Tax Act in the context of the sale of a business.

In the recent Tax Court decision in McKenzie v. The Queen, 2013 TCC 239, Justice Hershfield considered the contextual component of the objective due diligence test, reviewing an important part of a director’s defence against liability under section 227.1 of the Income Tax Act.

Corporate loss streaming rules have been extended to trusts. This article discusses the new trust loss streaming rules, particularly as the rules affect investment fund trusts.