Accounting Principles: Part I
Accounting is the language of the world of finance and taxation. As with all languages, there are certain rules and conventions that we follow… Read more
Tag: Toronto Tax Lawyer
The Nature of Taxes
As with a jigsaw puzzle, we need to look at the picture on the front of the box before we start putting the pieces… Read more
Whose Income is It?
In 1966, the Carter Commission recommended that the income tax system should consider the family (spouse and minor children) as the basic unit for… Read more
CRA’s $1 Billion Real Estate Nut: Tough to Crack
The Canada Revenue Agency (the “CRA”) recently published a news release (the “Release”), in which it identifies over $1 billion in unpaid taxes in… Read more
$1.7M for CRA’s “Malicious Prosecution” Set Aside on Appeal
The British Columbia Court of Appeal (the “BCCA”) reversed (the “Decision”) a landmark decision (the “Lower Court Decision”) that had awarded a B.C. couple… Read more
Bribery and Corruption in International Business
The SNC-Lavalin affair has dominated the Canadian news media for two months without complete revelation of what really happened. All that we know for… Read more
Fines and Penalties
Section 67.6: “In computing income, no deduction shall be made in respect of any amount that is a fine or penalty (other than a… Read more
CRA’s Initial Cryptocurrency Audits are Likely First of Many
The Canada Revenue Agency (the “CRA”) appears to be targeting users of bitcoin and other cryptocurrencies for audit, according to a Forbes online article… Read more
Paradise Papers, New VDP Not Government’s Panacea in 2019
The Canada Revenue Agency (the “CRA”) has launched roughly 100 audits into taxpayers named in the Paradise Papers offshore tax leak, according to documents… Read more
Bribery and the Rule of Law
Attorney General (and Minister of Justice) Jody Wilson-Raybould’s resignation following the government’s SNC-Lavalin debacle highlights how the “rule of law” applies to public prosecutions… Read more
