Dec

Canadian Brokerage Firm Linked to Off-Shore Accounts

Posted By: David M. Piccolo on December 16, 2009 at 1:06:31 in All , News

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Canadian Brokerage Firm Linked to Off-Shore Accounts According to a report in the December 14, 2009 The Globe and Mail, the Canada Revenue Agency (CRA) is investigating the involvement of staff...

Dec

HST Transitional Rules

Posted By: David M. Piccolo on December 11, 2009 at 1:03:06 in All , News

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HST Transitional Rules On December 9, 2009, the Ontario Legislature passed its controversial bill implementing the HST in Ontario. Starting July 1, 2010, a 13% HST will be applied to sales...

Dec

2009 a Record Year for Voluntary Disclosures

Posted By: David M. Piccolo on December 5, 2009 at 1:01:27 in All , News

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According to the Minister of National Revenue Jean-Pierre Blackburn, 2009 has been a banner year for the Voluntary Disclosure Program (VDP). As of December 3, 2009, almost 7,000 voluntary disclosure applications...

Dec

Family Business Expenses Denied

Posted By: David M. Piccolo on December 2, 2009 at 1:04:50 in All , Case Comments

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Family Business Expenses Denied On November 30, 2009, the Tax Court of Canada released its judgment in Massicotte. The case involved the taxpayer and her brother who jointly owned rental property...

Nov

Offshore Tax Amnesty Program Gains Popularity

Posted By: David M. Piccolo on November 19, 2009 at 12:58:20 in All , News

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Offshore Tax Amnesty Program Gains Popularity According to a top U.S. Tax Official, approximately 14,700 Americans participated in the special tax amnesty program run by the IRS as part of...

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