Canadian Tax Evasion Landscape In the recent years, the Canadian tax evasion landscape has been changing dramatically. With increasing international cooperation and the Canada Revenue Agency’s ambitious plan to prosecute tax evaders, it has been making many Canadians nervous. In addition, Canada has recently joined an international agreement to give those hiding income from offshore […]
Canadian taxpayers are required to self-assess and report their income each year. Often taxpayers reported their income incorrectly because errors are made. The Canada Revenue Agency (CRA) will reassess a taxpayer’s income if the agency discovers that a taxpayer has reported his or her income in an incorrect manner. Reassessments of a taxpayer’s income can […]
July 23 2015 In today’s world, anyone who runs a business or provides professional services can find themselves in a situation that can lead to a lawsuit. Start-ups, entrepreneurs, established professionals and shareholders are no exception to this rule. People are excited about getting their business going, spreading the word, and making money. Thinking about […]
If I make a complaint against the Canada Revenue Agency (CRA), will I be subjected to more audits and penalties? This is a common concern that Canadian taxpayers share when they have an issue with the CRA. However, you can be assured that this concern has been addressed. In 2007, the Taxpayer Bill of Rights […]
Claims for the SR&ED tax credit are denied for various reasons. Fortunately, this is not the end of the road. With the right guidance and preparation, there are steps you can follow to give your case the best chance and save you taxes. This article will discuss what you can do when your SR&ED claims […]
July 20 2015 International litigation can be very tricky and daunting. If you do not follow the right procedures your case has a good chance of failing on a procedural technicality or a point of law. Similarly, if you are outside of Canada and are being sued in Canada, there are steps you can take […]
July 15 2015 Hugues Boisvert Founder & CEO, Business Lawyer It is not often that people enter into a marriage already thinking about the divorce. However, prenuptial agreements exist as a safety measure and to prepare for the final outcome prior to a potential dispute. Further, the best time to enter into such an agreement is in […]
This article is the second of a series of articles written about anti-dumping and countervailing duties in Canada. In the previous article, we gave an introduction to dumping and subsidizing. How does the complaint process work? The Canadian International Trade Tribunal (the “CITT”) is a Canadian tribunal located in Canada’s capital, Ottawa. The CITT decides […]
This article is the first of a series of articles written about anti-dumping and countervailing duties in Canada. If you are thinking about importing a product to Canada, your first step is to see whether or not your business and product will be affected by the Canada Special Import Measures Act (the “SIMA”). The SIMA […]
July 3 2015 Hugues Boisvert Founder&CEO, Business Lawyer The concept is simple—if you sell shares of a qualifying corporation for a profit, the first $800,000 of your gain on a lifetime basis can be received on a tax-free basis ($813,600 for 2015 tax year). As usual, under the Income Tax Act, the rules are complicated and it […]