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Voluntary Disclosure Program 18 Oct 2012 | 01:28 am
Voluntary Disclosure / Tax Amnesty If you have never filed all your income tax returns or have filed them incorrectly, this page is for you. And you don’t need a costly tax lawyer to assist you with t...
VDP 18 Oct 2012 | 01:28 am
Voluntary Disclosure / Tax Amnesty If you have never filed all your income tax returns or have filed them incorrectly, this page is for you. And you don’t need a costly tax lawyer to assist you with t...
Purchase Price Allocation 15 Aug 2012 | 04:36 am
Section 68 of the Income Tax Act (Canada) (the “ITA”) allows the Canada Revenue Agency (the “CRA”) to determine the reasonable consideration for the disposition of a particular property. In TransAlta ...
10-year limitation period 15 Aug 2012 | 04:24 am
The Federal Court of Appeal recently released its decision in Bozzer v. The Queen, 2011 FCA 186. Since the introduction in 2004 of a 10-year limitation period for interest and penalty relief under sub...
Farm Losses Revisited by SCC 15 Aug 2012 | 04:09 am
On Friday March 23, 2012, The Queen v. John R. Craig was heard by the Supreme Court of Canada (SCC). This was the first opportunity for the SCC to revisit the issue of restricted farm losses since its...
Trust Residence 15 Aug 2012 | 04:08 am
On April 12, 2012, the Supreme Court of Canada (SCC) released its decision in Fundy Settlement v. Canada (2012 SCC 14). This case was the SCC’s first opportunity to consider the appropriate test for d...
Attribution Case 15 Aug 2012 | 04:04 am
On July 13th, 2012, the Federal Court of Appeal dismissed the Crown’s appeal in The Queen v Peter Sommerer (2012 FCA 207) In 1996, Peter Sommerer’s father, Herbert Sommerer, created an Austrian privat...
T1135 Foreign Property and Income Reporting Requirements 15 Aug 2012 | 04:02 am
T1135 Foreign Property and Income Reporting Requirements In Douglas v. HMQ, 2012 TCC 73, a recent decision by the Tax Court of Canada (TCC) under the informal procedure, the TCC surprisingly accepted ...
Canada’s Federal 2012 Budget 14 Jul 2012 | 03:48 am
Canada’s federal Finance Minister, Jim Flaherty, delivered his 2012 Budget themed “Jobs, Growth and Long-Term Prosperity” on Thursday, March 29, 2012. The Conservatives have been in government since 2...
CA CMA CGA Merger 3 Mar 2012 | 11:08 am
VISION FOR THE PROFESSION To be the pre-eminent, internationally recognized Canadian accounting designation and business credential that best protects and serves the public interest. GUIDING PRINCIP...
