A Canadian Tax Lawyer's Perspective on Provincial Sales Tax Voluntary Disclosure Programs
What is a Voluntary Disclosure Program for Taxes? Voluntary disclosure programs are government initiatives allowing taxpayers to voluntarily and proactively correct previous errors with their tax […]
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Pending VDP Application Won't Stop CRA Tax Reassessment
Introduction – The Canada Revenue Agency’s Power to Reassess Prince v MNR (2020 FCA 32) illustrates that the Canada Revenue Agency’s tax-reassessment powers come with […]
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Canada Revenue Agency is Directing Tax Audit Attention to Staffing Agencies – A Canadian Tax Lawyer’s Analysis
Toronto Employment Agency Owner was Sentenced for Tax Fraud On September 30, 2020, the Canada Revenue Agency (the “CRA”) announced that two Employment Agencies, Jane […]
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CRA Directing Tax Audit Attention to Staffing Agencies
On September 30, 2020, the Canada Revenue Agency (the “CRA”) announced that two Employment Agencies, Jane General Services Ltd (JGSL) and 2322944 Ontario Ltd operating […]
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CRA Audits Cryptocurrency Revised
Cryptocurrency Users Beware; The Tax Man Cometh: The Canada Revenue Agency’s Ever-Expanding Resources for Identifying, Auditing, and Prosecuting Cryptocurrency Investors and Traders– A Canadian Tax […]
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When a Taxpayer is Selected for a CRA Tax Audit – Canadian Tax Lawyer Tax Audit Tips
Introduction to CRA Tax Audit Even if a taxpayer has filed their income tax returns honestly and to the best of their ability, a notice […]
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Correcting Your Taxes Errors or Omissions & the Voluntary Disclosures Program - Canadian Tax Lawyer Analysis
Introduction – Correcting Your Taxes Under Canada’s federal tax system, taxpayers are required to calculate, report and pay their taxes in accordance with the applicable […]
Read more2018 Changes to the Voluntary Disclosure Program – Canadian Tax Lawyer Analysis
The Voluntary Disclosure Program (Canadian tax amnesty) allows the taxpayer to correct tax returns previously filed or, in certain circumstances, file a return that should […]
Read moreThe Federal Court Decides That CRA Enforcement Action on a Related Person Doesn’t by Itself Disqualify a Taxpayer From the Voluntary Disclosures Program. But is 40538993 Canada Inc. Still Relevant? – A Canadian Tax Lawyer’s Analysis
Introduction – The Voluntary Disclosures Program, CRA Discretion, and Judicial Review 40538993 Canada Inc. v the Minister of National Revenue (2019 FC 51) demonstrates why […]
Read moreCommon Reporting Standard is Now Fully in Effect – If You Have Been Hiding Funds or Assets Offshore, Now is the Time to Disclose
Introduction – Offshore funds and Canada Revenue Agency’ reach Gone are the days when offshore bank accounts were outside the Canada Revenue Agency (CRA)’s reach. […]
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"These articles provide information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."