In BC Trust v. Canada (Attorney General) (2017 BCSC 209), the Supreme Court of British Columbia dismissed an application for rectification, applying the recent Supreme Court of Canada decision in Fairmont Hotels Inc. (2016 SCC 56). The BC Trust case…
The CRA released Information Circular IC98-1R6 concerning the collection policies of the CRA. This information circular cancels and replaces IC98-1R5, dated February 3, 2016, and gives a general overview of many of the collections policies that the CRA has for individuals,…
The Tax Court of Canada has allowed the appeal of the appellant in 594710 British Columbia Ltd. v. The Queen, 2013-4033(IT)G. The Court held that the Respondent failed to demonstrate abusive tax avoidance at the primary tax debtor level by…
On November 24, 2016, the Multilateral Convention to Implement Tax-Treaty Related Measures to Prevent Base Erosion and Profit Sharing was released by the OECD. The multilateral instrument is aimed at implementing standards to counter perceived treaty abuse and to…
On October 20, 2016, Justice Minister Jody Wilson-Raybould announced that Bruce Russell, Q.C. was appointed to the Tax Court of Canada to replace the Honourable C.J. Miller, effective immediately. The official news release and a link to his biography can…
On October 21, 2016, the Department of Finance released a Notice of Ways and Means Motion (http://www.fin.gc.ca/drleg-apl/2016/bia-leb-1016-eng.asp) implementing the balance of the 2016 federal budget measures, including the repeal of the eligible capital property rules and new rules precluding…
On October 5, 2016, the House of Commons approved Prime Minister Justin Trudeau’s October 3, 2016 motion to impose a carbon tax starting in 2018. Pursuant to Trudeau’s plan, the federal government will set a minimum price of $10…
The City of Vancouver will levy a tax on vacant residential properties starting in 2017 in an effort to increase housing stock in Vancouver. It is proposed that the tax be administered through an annual declaration by property owners regarding…
On September 14, 2016, the Canada Employment Insurance Commission, the body responsible for monitoring and assessing the Employment Insurance (EI) program, announced that the EI premium rate for 2017 will be $1.63 per $100 of insurable earnings, a decrease from…
On September 7, 2016, Honourable Diana Lebouthillier, the Minister of National Revenue, announced that the CRA is currently conducting audits of over 750 taxpayers and criminally investigating 20 cases of tax evasion related to offshore activities.
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