Blog

Congratulations, T1 season is now officially toast. Yet another taxing (pun intended) period of high stress, late night candle burning, and inordinate amounts of coffee guzzling has come to a [...]

On July 30, 2019, the government released draft income tax legislation with explanatory notes for consultation. Comments should be submitted by October 7, 2019. All of the proposed amendments [...]

Recently the CRA added new administrative guidance pertaining to the revised tax on split income (“TOSI”) rules to its website. You might understandably be having difficulty keeping track of all [...]

On June 28, 2019, the Ontario Court of Appeal released its decision in Reference re Greenhouse Gas Pollution Pricing Act, 2019 ONCA 544. By a four-to-one verdict, the Court of Appeal concluded [...]

On June 21, 2019, Bill C-82, Multilateral Instrument in Respect of Tax Conventions Act, and Bill C-97, Budget Implementation Act, 2019, No. 1, received Royal Assent. C-97 enacted the following [...]

In Budget 2019, the federal government announced that it intends to cap the 1/2 deduction for employee stock option benefits to $100,000. The Liberal government’s 2015 election platform [...]

On April 16, 2019, the Newfoundland and Labrador government tabled its 2019 Budget, but it didn’t pass before the election was called. On June 11, 2019, the re-elected government [...]

In a new technical interpretation (2018-0777751E5), the CRA provided some interesting guidance on claiming the medical expense tax credit (“METC”) with respect to medical cannabis [...]

On May 31, 2019, the CRA stated that it would not seek leave to appeal MNR v. Cameco Corporation (2019 DTC 5042) to the Supreme Court of Canada. In this decision, the Federal Court of Appeal [...]

Do you remember your last tax season or are you doing your best to forget it? Seriously, are you planning on making changes or improvements for next year or are you simply going to leave well [...]

Since 1966, the tax treatment of health and welfare trusts has been provided by the CRA’s administrative policies. The rules with respect to employee life and health trusts were enacted in 2010. [...]