Tax Alert Archives August 2014

Canada Revenue Agency Provides Comments on Taxation of Settlement Payments

In 2014-0522921E5, the CRA provides general comments on taxation of settlement payments. The CRA’s position is that whether a settlement payment is taxable is a question of fact based on the nature and purpose of the settlement payment and…

Prepared by: Shawn Tryon

Shawn is a partner practicing in the firm’s Vancouver office. His practice focuses on both tax planning for individuals and businesses as well as audit representation and tax litigation matters. On audit representation and tax litigation matters, Shawn has extensive… more »

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Canada Revenue Agency Releases Income Tax Folio Regarding Support Payments

Income Tax Folio S1-F3-C3 replaces and cancels Interpretation Bulletin IT-530R, Support Payments, and Income Tax Technical News No. 24.  This Income Tax Folio has a three month comment period, ending November 19, 2014.  Income Tax Folio

Prepared by: Shawn Tryon

Shawn is a partner practicing in the firm’s Vancouver office. His practice focuses on both tax planning for individuals and businesses as well as audit representation and tax litigation matters. On audit representation and tax litigation matters, Shawn has extensive… more »

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Canada Revenue Agency’s List of Registered Foreign Charities Down to Zero

The Canada Revenue Agency’s list of foreign charitable organizations that are treated the same as Canadian charities for tax purposes has now been reduced to zero, making it that much more difficult to garner financial support for international causes. …

Prepared by: E. Rebecca Potter

Becky Potter is a partner practicing in the firm’s Toronto office. Known for her strategic approach, honed advocacy skills, and breadth of tax knowledge, Becky Potter is a highly sought-after tax litigator. She has successfully represented her clients at every… more »

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Tax Court of Canada Releases Decision Regarding Medical Expenses Claimed for a Surrogacy Arrangement

In Warnock v. The Queen, 2014 TCC 240, the Tax Court of Canada considered medical expense tax credits claimed by the taxpayer for various expenses incurred with respect to a surrogacy arrangement.

Prepared by: Shawn Tryon

Shawn is a partner practicing in the firm’s Vancouver office. His practice focuses on both tax planning for individuals and businesses as well as audit representation and tax litigation matters. On audit representation and tax litigation matters, Shawn has extensive… more »

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