Tax Alert Archives January 2015

Tax Court holds no donation tax credit can be allowed without a charitable receipt

In Lapointe v. Canada (2014 TCC 356), the Tax Court of Canada indicated that it had every reason to believe that the taxpayer and her spouse actually incurred certain expenses for charitable purposes. Nonetheless, the court held that since no…

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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CRA describes interpretation of s.95(6)(b) post Lehigh

In 2014-0550441C6, the Canada Revenue Agency set out how the Federal Court of Appeal’s decision in the Lehigh Cement case affects the CRA’s interpretation of subsection 95(6)(b) of the Income Tax Act (Canada). “CRA accepts that 95(6)(b) is generally…

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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CRA updates prescribed interest rates for leasing rules

The Canada Revenue Agency recently updated the prescribed interest rates for the leasing rules in section 16.1 of the Income Tax Act (Canada). The rates for January and February, 2015 are now available and can be found on the CRA’s…

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 makes rare award of solicitor-client costs

In the recent decision in Simard v. Canada (2015 TCC 2), the Tax Court of Canada made a rare award of costs on solicitor-client basis due to the fact that the Crown had made a number of unfounded allegations of…

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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CRA releases 2014 meal and vehicle rates for calculating travel expenses

On Monday, January 5th, 2015, the Canada Revenue Agency released the 2014 meal and vehicle rates used for calculating travel expenses. The rates can be found on the CRA’s website here: http://www.cra-arc.gc.ca/travelcosts/

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 holds GST not payable on certain special mutual fund trust distributions

In the recent decision in Invesco Canada Ltd. v. Canada (2014 TCC 375), the Tax Court of Canada held that certain management fee reductions paid on a monthly or quarterly basis by way of special distributions from various mutual fund…

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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