Tax Updates

• The Federal Government’s Housing Plan
• CRA Demands for Information Being Strengthened
• Spousal Support — Payments to Third Parties
• Charging GST or HST on Disbursements
• Do You Make Donations to U.S. Charities?
• Garnishment Notices
• Around The Courts

In this issue:

• The Tax Cost Of Leaving (Or Losing) Your Job
• Deducting Interest Expense
• Finding the Law
• GST on First Nations Reserves
• 10-Year Limitation Period on Tax Collection
• Around The Courts

• Tax Considerations For Executors
• Taxation Of Cryptocurrency
• Why Is Tax So Complicated!?
• When Can The CRA No Longer Reassess You? − Addendum

• Deadline Pending! – Must You File A Trust Return?
• Estate Planning and Estate Freezing
• When Can The CRA No Longer Reassess You?
• Around The Courts

• The Benefits of Establishing a Family Trust
• Last Call for 2023 Tax Planning – RRSP Contributions

• Claiming Your Capital Gains Exemption On the Sale of Shares
• Should You Pay Tax If You Haven’t Filed a Return?
• Assets Outside of Canada? Check If You Need to Report These
• Around the Courts

• Underused Housing Tax — Deadline Extended Again
• Capital Gains or Income?
• Buying a Truck for Your Business Near Year-End?
• GST/HST — Risks of Dealing With a Shady Supplier
• Around the Courts

In December 2022, the Canadian government enacted new legislation into the Income Tax Act which significantly broadens requirements for trusts to file tax returns (which were previously exempt from filing) and for all trusts to disclose additional information about the trust to the Canada Revenue Agency (“CRA”). Trustees should anticipate increased reporting requirements and potentially […]

• Some End-of-Year Tax Considerations
• Underused Housing Tax Penalties Now Applicable
• Extension of Deadlines for Ceba Loan Repayment
• Change to Corporate Paper Filing Limit

• Moving Expenses – Overlooked Tax Expense
• Getting CRA To Waive or Cancel Penalties and Interest
• CRA Terminating 120 Employees for CERB Violations – Agency Employees Do Make Mistakes, Options Exist, If Aggrieved, Do Consult
• Around the Courts