On Monday, the B.C. government announced a new property transfer tax that will apply to Vancouver real estate buyers who are not Canadian citizens or permanent residents. Details can be found here: http://www.theglobeandmail.com/news/british-columbia/bc-to-target-foreign-real-estate-buyers-with-new-tax/article31096550/.
According to a government document leaked to various media outlets, the Canada Revenue Agency has initiated a broad investigation into Vancouver’s housing market. Details can be found here: http://www.theglobeandmail.com/real-estate/vancouver/canada-revenue-agency-launches-vancouver-housing-probe/article30932513/.
On July 8, 2016, the Canada Revenue Agency released the latest chapter of its Income Tax Folios, which addresses the federal tax treatment of benefits and allowances received from employment. The full text of the chapter can be found here:…
On June 17, 2016, Justice Minister Jody Wilson-Raybould announced that the Honourable Judith M. Woods, previously a judge with the Tax Court of Canada, was appointed to the Federal Court of Appeal effective immediately. The official news release, as well…