blawgs

How Bureaucratic Inertia at the CRA is Exposing You to Risk  Tax Haiku of the Week Slow moving glaciers, Impossible to control, Taxpayers beware. Introduction Most of us are aware that in addition to glaciers simply being really old, really big ice, they are also...

The Regularization of Undeclared Assets May Soon be Changing SO DO IT NOW OR FACE CONSEQUENCES! Tax Haiku of the Week Confess your tax sins! Income not declared?  Please seek Absolution now! INTRODUCTION The Canadian Voluntary Disclosures Program (the...

How the CBC got it wrong again. Really wrong. Again. Tax Haiku of the Week CBC is wrong, Begging them to find sources, Like Jerry Springer. The CBC published an opinion piece on Sunday with the sensationalist headline “The Liberals are considering loosening the reins...

Canadian Tax Haiku of the Week: (Property Transfer Tax) Tax will not work, ‘cuz  Real property buyers just Want to hide money BC officially imposed a 15% “property transfer tax” on foreigners wishing to purchase property in BC.[1] Premier Christy Clark...

Harper government partnered with industry group fighting CRA over KPMG case This is a non-story and the insinuation of the headline is false and biased. It implies that the PM was complicit in tax evasion, which is just untrue. I hate the Tories, but I hate crappy tax...

Dear Buddy, You know who you are. We were great friends in Jr. High and High School but drifted apart over the years. And now you are running for the NDP. I know my die-hard socialist mother would be so proud to have had you as her son right now, rather than...

Canadian Tax Haiku of the Week: Duty of care for Tax shelters? Is it really All CRA’s fault? Introduction In Scheuer,[1] a group of taxpayers who participated in a tax shelter donation scheme made a claim in negligence against the Canada Revenue Agency (“CRA”). The...

Ontario Real Estate Association v MNR, 2014 TCC 190 Link to Court Document Canadian Tax Haiku of the week: Am I Contractor? Or Employee? If unsure Just follow the test Introduction A trend emerging within the Canadian workforce has been the increase of out-sourcing...

Canadian Tax Law Haiku of the Week: Dreaded 160! CRA gets paid, even If it’s not your tax!! Introduction Unsurprisingly, the Income Tax Act (the “Act”)[1] frowns upon those who try to evade paying their outstanding tax liabilities by shifting assets to friends and...