On November 20, 2018, the Office of the Auditor General of Canada released its 2018 Fall Reports, including a report on the compliance activities of the Canada Revenue Agency. The Auditor General’s audit focused on whether the CRA consistently…
On November 21, 2018, the Government of Canada released its 2018 Fall Economic Statement. The Statement is highlighted by the Government’s intention to allow accelerated tax write-offs for certain types of depreciable property. The full cost of machinery and…
Yesterday Vancouver’s municipal council approved amendments to Vacancy Tax By-law No. 11674, which governs the city’s unique 1% tax on certain residential properties. The amendments mainly serve to narrow the exemptions available to homeowners after months of conducting audits.…
The Government of British Columbia recently made a regulation that will require, effective September 17, 2018, certain corporations and trusts that acquire property to disclose additional information on their Property Transfer Tax returns. The new return will require disclosure of…
In a recent Federal Court case, the court sentenced a taxpayer for contempt of court for refusing to comply with a court order requiring the production of records to the CRA. The court imposed a fine of $6,000 and again…
In Fiducie financière Satoma c. Canada, 2018 CAF 74, the Federal Court of Appeal ruled on the General Anti-Avoidance Rule (the “GAAR”) again this year (see our previous Alert re: Oxford Properties). In upholding the Tax Court of Canada’s…
Monday, April 16, 2018, is the deadline to submit notices of complaint to dispute vacancy tax notices issued by the City of Vancouver. Any registered owner who received a vacancy tax notice could potentially submit a complaint, even if they…
In Canada v. Oxford Properties Group Inc., 2018 FCA 30, the Federal Court of Appeal allowed in part the Crown’s appeal and referred the reassessment of the taxpayer back to the Minister of National Revenue for reconsideration.
The taxpayer…
The Department of Finance has released revised draft legislation and background information on its proposals to prevent income splitting. The documents can be accessed here. This release follows on the Department’s private corporation consultation paper of July 18, 2017,…
On November 21, 2017, the OECD Council approved the contents of the 2017 Update to the OECD Model Tax Convention.
The 2017 Update primarily comprises changes to the OECD Model Tax Convention and related commentary that were developed through the…