Publications

The Ancient Art of Taxation

There is a popular misconception about taxes that they are a modern creation. In fact, taxes in one form or another have existed since the…

Is The Principal Residence an Endangered Species?

The government is desperate for money and is on the search for new sources of revenues to finance its deficits. In anticipation of a fall…

File Your Tax Return on Time and Stay Safe

Spring is the season to reflect on what we pay for through our taxes. We have a new federal Budget coming on April 19, when…

Stock Traders Beware of Tax Traps: The Taxman Cometh

“When there is an income tax, the just man will pay more and the unjust less on the same amount of income”. – Plato In…

A Brief History on the Unpleasant Subject of Taxes

Taxes are compulsory expropriations levied to support necessary government expenditures. The law is complex, and the government has large budgets to administer it. Tax disputes…

CRA goes after client details of major Canadian cryptocurrency marketplace in battle against ‘underground economy’

TaxChambers LLP’s David Piccolo lends his thoughts to an article by Christopher Nardi for the National Post.

The CRA’s Pursuit of Real Estate Data Goes South of the Border

The CRA’s Pursuit of Real Estate Data Goes South of the Border

Canadian residents pay income tax on their worldwide income. In an effort to crack down on unreported offshore income, the Canada Revenue Agency (the “CRA”)…

“Bottom Line Profits”: “It Ain’t Necessarily So”

Accounting involves communication and the use of language to convey business information. As with all languages, communication can create misunderstandings if one does not understand…

The Ripple Effect of Future Wage Subsidy Audits

As part of its response to the COVID-19 outbreak, the Government of Canada has created a number of emergency benefits to assist individuals and businesses…

Time Is Money: Part 2

In Part 1 of “The Time Value of Money” we examined the fundamental mathematics of interest calculations and their impact on the lives of professionals…

Time Value of Money

“Time is money”. Money has no monetary value except when it is put in the context of time. Stated alternatively: “A dollar today is worth…

Canadian Lawyer Magazine & Vitaly Timokhov: Killing the golden goose

Please see Vitaly Timokhov’s latest contribution to an article in the February issue of Canadian Lawyer titled, “Tax Law Legal Report: Killing the golden goose”. In…