Penalties Canada’s tax statutes contain various penalties that seek to curb non-compliance. A gross-negligence penalty aims to punish a...
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Background: What is an NFT? A non-fungible token (NFT) is a unique digital asset that is built on top...
Background on Directors Liability for Taxes: The Tax Court of Canada has recently decided a case regarding director’s liability...
Change in Use of Principal Residence, Principal Residence Exemption and Subsection 45(2) Election When there is a change in...
Introduction – Canadian Taxpayers Must Pay Departure Tax When Leaving Canada There are two types of individuals who must...
Introduction to Third-Party Tax Liabilities under Section 160 and Section 325 Section 160 of the Income Tax Act and...
Introduction – Cryptocurrency and NFTs should be disclosed as matrimonial property A divorce will result in many financial changes...
What is the Voluntary Disclosure Program? The Canada Revenue Agency’s voluntary disclosure program allows taxpayers to come forward proactively...
Introduction: Net Worth Assessments Net worth assessments may be undertaken by the tax auditor when the Canada Revenue Agency...