The Tax Court of Canada last week released a landmark decision on the GST/HST status of certain commonplace transaction processing services, namely VISA’s payment platform offering to financial institutions.
In Canadian Imperial Bank of Commerce v Her Majesty the Queen,…
A few months ago, BC announced a new “speculation tax” that will apply to certain residential properties in the province. The tax is intended to capture foreign and domestic speculators, “satellite families” who live in BC but pay little BC…
The BC government has proposed to introduce a new residential realty tax, taking effect this year. While BC has provided a general overview of the new tax by way of information sheets and public announcements, the government has yet to…
The Province of Quebec announced today that it intends to expand its requirements for non-resident vendors to collect and remit Quebec Sales Tax (“QST”) on sales to Quebec consumers, effective as early as January 1, 2019. In this context “non-resident”…
In the 2018 Federal Budget, the Department of Finance released another chapter in its saga to overhaul how private corporations and their shareholders are taxed. Finance’s initial consultation paper of July 18, 2017 (see our summary here) was met…
In Fiducie financière Satoma c. Canada, 2018 CAF 74, the Federal Court of Appeal ruled on the General Anti-Avoidance Rule (the “GAAR”) again this year (see our previous Alert re: Oxford Properties). In upholding the Tax Court of Canada’s…
Monday, April 16, 2018, is the deadline to submit notices of complaint to dispute vacancy tax notices issued by the City of Vancouver. Any registered owner who received a vacancy tax notice could potentially submit a complaint, even if they…
In Canada v. Oxford Properties Group Inc., 2018 FCA 30, the Federal Court of Appeal allowed in part the Crown’s appeal and referred the reassessment of the taxpayer back to the Minister of National Revenue for reconsideration.
The taxpayer…
The Department of Finance has released revised draft legislation and background information on its proposals to prevent income splitting. The documents can be accessed here. This release follows on the Department’s private corporation consultation paper of July 18, 2017,…
On November 21, 2017, the OECD Council approved the contents of the 2017 Update to the OECD Model Tax Convention.
The 2017 Update primarily comprises changes to the OECD Model Tax Convention and related commentary that were developed through the…
