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On October 16, 2018, the Senate published a report titled: Canada: Still Open for Business? The report examines issues that affect the ability of Canadian businesses to compete internationally. [...]

Investment managers make their money by charging investors fees for services such as portfolio management, record keeping, and custody. Recently, the CRA has taken a position that would result in [...]

Automation has been changing and impacting every sector and profession for the past few years. While the banking and financial services industry is an early adopter, the accounting industry is [...]

As indicated previously on the Blog, on September 17, 2018, the Department of Finance introducded new draft legislative and regulatory proposals regarding the taxation of cannabis. The following [...]

An answer to Question 16 of the “CRA Roundtable”, that was part of the 20th Annual STEP Canada Conference held earlier this year, may lead taxpayers and their advisors to make a dangerously [...]

On September 17, 2018, the Department of Finance announced a consultation of new draft proposals regarding the taxation of cannabis. These new proposals to amend the Excise Act, 2001, would [...]

On September 14, 2018, the Department of Finance released draft legislative proposals to amend the Income Tax Act which relate to charitable activities of registered charities. In response to the [...]

As discussed in a prior blog post, the Canadian government has been considering ways to respond to the competitiveness issue created as a result of tax reform in the United States. Bill Morneau [...]

In the vast majority of cases where I advise individuals in connection with tax residency issues, it is with the objective of ensuring that they cease to be residents of Canada (or remain [...]

A recent lunch with a tax lawyer friend of mine gave me some valuable insights regarding how tough and aggressive the Canada Revenue Agency is getting with Canadians who report substantial [...]