Introduction – An Immigrant Success Story with a Tax Story to Tell In June 2024, the Federal Court of Appeal issued the judgment on Yadgar v. The King, 2024 FCA 107, dismissing the appeal by the taxpayer and affirming the July 2023 ruling of the Tax Court of Canada....
A UK Court Has Ruled in Favour of Seizing the Tate Brother’s Assets for Unpaid Taxes The Tate brothers, Andrew and Tristan, are British-American influencers known for their controversial online presence, particularly Andrew, who has amassed a significant following through social media for his misogynistic views and lifestyle advice....
In January 2025, the Federal Court of Appeal (FCA) rendered its decision on Doostyar et al. v The King, 2025 FCA 6 (Doostyar). The FCA dismissed the appeal by the taxpayers of a decision by the Tax Court of Canada (TCC). The issue in the case at the TCC...
Introduction: Toronto’s Vacant Home Tax Declaration Deadline is Fast Approaching The City of Toronto now marks its third year of imposing the Vacant Home Tax (“VHT”) on property owners in Toronto. After its controversial rollout in 2022, the City of Toronto was plagued with a series of cascading blunders...
On January 1, 2022, the Select Luxury Items Tax Act, also known as the Luxury Tax Act, came into effect. This new tax, introduced as part of the 2021 Federal Budget, targets high-earning Canadians who can afford to buy expensive goods, making them contribute more to the tax system....
Introduction Home flipping in Canada has been a popular strategy for those looking to invest in real estate, capitalize on market trends, and potentially earn significant profits. However, one of the less discussed but critically important aspects of this practice is the tax implications, particularly when it comes to...
The Canadian Revenue Agency (CRA) has recently announced that bare trusts are not required to file T3 returns and Schedule 15 for the 2024 tax year, extending from a similar exemption for the 2023 tax year. Before the exemption, new tax rules for trusts were scheduled to become effective...
Introduction: Stack v The King, 2024 TCC 137 In Stack v The King, 2024 TCC 137, the Tax Court of Canada blocked the Canada Revenue Agency’s attempt to obtain various documents, including an email record, that were protected by solicitor-client privilege. Although the taxpayer’s accountant was one of the...
Introduction: An Overview of Case Laws Helps to Understand Circumstances that May Warrant Relief under the CRA’s Taxpayer Relief Provisions for Canadian Taxpayers Under subsection 220 (3.1) of the Income Tax Act and subsection 281.1 (1) of the Excise Tax Act, the Canada Revenue Agency (CRA) has the discretion...
Introduction – Director’s Liabilities Under the Income Tax Act and the Excise Tax Act (GST/HST) A director of a corporation may be held personally liable when the corporation fails to deduct, withhold, remit, or pay certain taxes. Specifically, under section 227.1 of the Income Tax Act, the liability of...