Publications

Tax Evasion Charges Stayed

A New Brunswick man’s charge for failing to file a tax return was recently stayed by the Canada Revenue Agency. According to the Public Prosecutor on…

Residence Tiebreakers

On August 11, 2010, the National Post posted an article about some of the US tax issues Conrad Black currently faces. The article provides an overview…

Taxpayer Information Within CRA

On June 20, 2010, the Toronto Star reported that the Canada Revenue Agency (CRA) had performed internal investigations on its employees regarding improper access to taxpayer…

TFSAs

On Tuesday June 15, 2010, the Globe & Mail published an article regarding the large number of over-contributions to Tax-Free Savings Accounts (TFSA’s). The article states…

UBS Settlement Nearing Approval

On June 3, 2010, the upper house of the Swiss Parliament approved a deal between the Swiss bank UBS and the US government that would disclose the names…

More VDP Stats

On May 5, 2010, CRA released statistics on the number of voluntary disclosures they’ve received for the past few years. The following is a summary of their…

Tax Hits for Ex-Spouses

The May 19, 2010 edition of the National Post contained an article regarding possible tax liabilities that ex-spouses face due to their break-up. The article discusses subsection…

Two More Charities Revoked

On April 19, 2010, CRA revoked the charitable registration of two Toronto-based organizations – Destiny Health and Wellness Foundation and Liberty Wellness Foundation. According to CRA’s news releases,…

Time for Flat Tax?

In the April 14, 2010 edition of the National Post, an op-ed piece was published in support of enacting a flat tax. Although the piece appears to…

Pension Income Splitting

The benefit of pension income splitting for Canadian seniors has often been described as simply moving pension income from a higher tax bracket to a lower…

Another Tax Preparer Convicted

On March 23, 2010, Ms. Shantelle Mohan was sentenced to 42 months in prison after pleading guilty to one count of fraud over $5,000. Ms….

Voluntary Disclosures Program Sees Huge Increase in 2009

According to an article in the March 18, 2010 Globe and Mail, the Voluntary Disclosure Program has been an unexpected source of revenue for the…