Canadian Tax Implications of Buying and Selling Collectible Trading Cards – Magic: The Gathering

Introduction: One-of-a-Kind Trading Card Sold by Canadian to Famous Rapper Post Malone “Magic: The Gathering”,tm…

Published: September 11, 2023

Last Updated: September 11, 2023

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Benefits of Paperless Processing for Taxpayers: Lessons For The Canada Revenue Agency (CRA) From Recent Initiatives Of The Internal Revenue Service (IRS)

Cut processing times in half, reduce mistakes, expedite refunds by several weeks—and save 200M pieces…

Published: August 29, 2023

Last Updated: August 29, 2023

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Attempting Tax Fraud by Forging Fake Business Records to Unlawfully Claim GST/HST Rebates: A Canadian Tax Lawyer Explains R. v. Scholtz

Three counts of breaking Excise Tax Act Sections 327(1)(a), 327(1)(c), and 327(1)(d) were brought against…

Published: August 22, 2023

Last Updated: August 22, 2023

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Are CRA Publications Clear and Easy to Understand? Can Canadian Taxpayers Trust Information in CRA Publications?

Who determines the correct tax treatment when interpreting a particular income tax provision? The provisions…

Published: August 22, 2023

Last Updated: September 1, 2023

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Supreme Court of Canada applies GAAR (General Anti Avoidance Rule) in Deans Knight Income v. Canada, Dismissing Taxpayer’s Appeal

Introduction Deans Knight GAAR decision The highlight of the Supreme Court of Canada’s ("SCC") decision…

Published: August 15, 2023

Last Updated: August 15, 2023

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CRA’s ex parte Jeopardy Order Application Must Provide Full and Frank Disclosure: Guidance from a Canadian Tax Lawyer

Jeopardy Order allows CRA to seize taxpayer assets Jeopardy orders authorize the Canada Revenue Agency…

Published: August 9, 2023

Last Updated: August 15, 2023

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Tax Court of Canada Rules that Vendor Avoids Derivative Tax Liability When Selling Property to Tax-Motivated Arm’s-Length Buyer; The Transaction Also Failed to Trigger the General Anti-Avoidance Rule

Introduction: Damis Properties Inc. v. The Queen, 2021 TCC 24 In Damis Properties Inc. v.…

Published: July 28, 2023

Last Updated: July 31, 2023

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5 Important Tax Deductions for Every Small Business in Canada

These business deductions are the only ones permitted in the Income Tax Act Running a…

Published: July 26, 2023

Last Updated: July 26, 2023

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Considering a Move to Canada? Income Tax for Permanent Residence for Wealthy Immigrants

Introduction –Influx of Wealthy Immigrants to Canada Continues to Rise A recent report by Henley…

Published: July 5, 2023

Last Updated: July 5, 2023

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