Swiss Banks and Tax Authorities

Canadian residents (including individuals, businesses, corporations, trusts, and members of partnerships) are required to report…

Published: March 3, 2020

Last Updated: April 10, 2020

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RESP Contributions

A Registered Education Savings Plan (RESP) is a registered contract between an individual (the subscriber)…

Published: March 3, 2020

Last Updated: April 26, 2021

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If you have filed a false tax return, you can make a Voluntary Disclosure (Tax Amnesty Application) and avoid prosecution and penalties

According to the Canada Revenue Agency (the Canadian income tax department) in 2005-06, Canadian taxpayers…

Published: March 3, 2020

Last Updated: April 26, 2021

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CRA’s right to compel the production of “third party information”

The Canada Revenue Agency (the Canadian income tax department, “CRA”) has broad powers to require…

Published: March 3, 2020

Last Updated: July 24, 2023

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TFSA Contributions

Contributions to a Tax-Free Savings Account (TFSA) are not tax-deductable, but the income or capital…

Published: March 3, 2020

Last Updated: July 24, 2023

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Hesitating About Filing Personal Tax Return?

If you are hesitating about filing your Canadian personal income tax return (T1) by the…

Published: March 3, 2020

Last Updated: March 17, 2020

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CRA can get the details of the sales figures of Canadian eBay PowerSellers

The Canada Revenue Agency (the Canadian income tax department, “CRA”) released new guidelines for the…

Published: March 3, 2020

Last Updated: April 20, 2020

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CRA can get the details of eBay PowerSellers

The Canadian Federal Court of Appeal has upheld a lower court ruling and ordered eBay…

Published: March 3, 2020

Last Updated: April 20, 2020

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Art Donation Tax Shelter Allowed

In the October 2004 case of Quinn v The Queen, 2004 TCC 64, the Tax…

Published: March 3, 2020

Last Updated: April 16, 2020

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