Tax Alert Archives June 2020

COVID-19 Tax Update: CRA extends administrative relief regarding residency and cross-border issues

Individuals and entities can continue to rely on CRA’s administrative relief regarding residency and cross-border issues arising from travel restrictions until August 31, 2020. Previously, the CRA indicated that its guidance would only apply from March 16, 2020 to June…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on Canadian tax planning for businesses, individuals, and trusts, with a particular emphasis on owner-managed businesses, cross-border issues, high net worth families, and professionals. He advises on… more »

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Federal Court grants application for judicial review in TFSA over-contribution case

In Sangha v Canada (Attorney General), the taxpayer made a series of over-contributions to his Tax Free Savings Account, was assessed a 1% monthly tax on the excess amounts, and made two relief requests to the CRA for a waiver…

Prepared by: E. Rebecca Potter

Becky Potter is a partner practicing in the firm’s Toronto office. Becky focuses her practice on all aspects of taxpayer representation and tax litigation. She has successfully represented clients at every level of court both provincially (in Ontario) and federally,… more »

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COVID-19 Tax Update: CRA posts final update to National COVID-19 Business Continuity Plan

On June 16, 2020, the CRA posted its final update to its National COVID-19 Business Continuity Plan and, more importantly, announced its transition from a critical services mode to a business resumption mode on June 26, 2020. The CRA’s announcement…

Prepared by: Chris Canning

Chris is a partner practicing in the firm’s Vancouver office. Chris’s practice focuses on tax litigation and taxpayer representation. He represents taxpayers in all manner of tax disputes, including income tax and GST/HST auditsmore »

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