Archive for Month: October

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Statute-Barred Tax Years and the Canada Revenue Agency’s Powers to Reassess Tax Years: A Canadian Tax Lawyer’s Guide

Introduction – What are Statute-Barred Tax Years? The Canadian tax system is based on the principles of self-assessment, which requires that Canadian taxpayers perform their own due diligence and to report their taxable income to the Canada Revenue Agency (“CRA”) for tax assessment. Under subsection 152(1) of the Canadian...

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