Thorsteinssons LLP

Canada’s Premier Tax Law Firm

Thorsteinssons LLP is Canada’s largest law firm practicing exclusively in taxation law. Our lawyers are consistently recognized as being among Canada’s leading tax practitioners.

Canadian Tax Law Blog

February 24, 2025

Income Tax Act now denies deductions for non-compliant short-term rentals

On June 20, 2024, Bill C-69 received Royal Assent. As previously discussed, that Bill made several amendments to the federal Income Tax Act (the “Act”) including the introduction of section 67.7. In furtherance of the Bill’s stated intention…

February 03, 2025

Finance Defers Implementation of Proposed Capital Gain Inclusion Rate Changes

On Friday, in the face of mounting pressure – including a court application launched by Thorsteinssons LLP – the Department of Finance (Finance) announced that the implementation date for the proposed capital gains inclusion rate changes would be…

January 26, 2025

Comprehensive Court Challenge to Proposed CRA Enforcement of Capital Gains Hike Launched

Yesterday, Thorsteinssons LLP (Canada’s largest tax law firm) launched a comprehensive challenge in Federal Court to the Canada Revenue Agency’s proposed enforcement of the capital gains tax hike. Led by David Davies, Alexander Demner, Florence Sauve, and…

January 09, 2025

CRA to transition to online delivery of business correspondence

The Canada Revenue Agency (CRA) recently announced that, starting in the spring of 2025, it will transition to using the CRA’s online portal for businesses (My Business Account) as the default method of sending correspondence to businesses, instead of…

December 31, 2024

CRA publishes webpage with examples of allegedly GAAR-able transactions

On December 20, 2024, the CRA published its views on the general anti-avoidance rule (GAAR) in a new webpage. The webpage contains some general comments by the CRA regarding the GAAR, examples of when the CRA would apply the…

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Canadian Tax Law Blog

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