Tax Blog

Landbouwbedrijf – Tax Court reiterates that the Minister of National Revenue is not precluded from challenging a taxpayer’s previously-accepted filing position

Published by Milan Vukovic

The Tax Court’s decision in Landbouwbedrijf Backx B.V. v. Canada, 2021 TCC 2 is a reminder to taxpayers that just because their filing position in a tax return is accepted by the Minister of National Revenue (the “Minister”), it…

Tax Highlights from the 2020 Fall Economic Statement – What Tax Practitioners and Businesspeople Need to Know

Published by Zheting Su & Chris Marta

On November 30, 2020, the federal government presented its Fall Economic Statement (“FES”). The FES contains numerous noteworthy tax measures, including both pandemic-related financial support as well as longer-term tax changes.

The following summarizes the notable income tax measures…

COVID-19 Tax Update: A Detailed Review of the New Canada Emergency Rent Subsidy (CERS) and Lockdown Support Programs

Published by Thorsteinssons LLP & Alexander Demner & Gloria Wang

Note: To enhance readability, readers may access a PDF COPY OF THIS BLOG POST HERE.

I.          Overview

On November 19, 2020, Parliament enacted the Canada Emergency Rent Subsidy (“CERS”). Ostensibly designed to replace the underutilized Canada Emergency…