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…
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….
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…
In an interesting article on March 13, 2010, Jamie Golombek wrote about a recent decision in the Tax Court of Canada. The issue before the Tax…
On March 4, 2010, Finance Minister Jim Flaherty released the 2010 Budget. Unlike previous years, this year’s budget did not contain major changes like the…
The appeal process for income tax and GST matters begin with a notice of objection. A notice of objection filed by a taxpayer states that…
On February 11, 2010, Nicolo Rizzuto pleaded guilty to an unreported number of charges of tax evasion. Mr. Rizzuto is reportedly the head of a Montreal Mafia…
According to the German Finance Minister, Germany is prepared to purchase stolen data containing information in relation to Swiss bank accounts. Other European countries, including the…
Further to its quest to find taxpayers with offshore accounts, CRA has filed an application in the Federal Court seeking names of investors to a British…
According to a report in the January 27, 2010 National Post, income trusts have been merging with corporations that have tax losses as a means of…
According to a report in the January 7, 2009 edition of the Toronto Star, Canada is in the process of negotiating with Swiss Bank UBS regarding…
On January 3, 2010, 60 Minutes did a piece on the whistle-blower who tipped off the IRS to the off-shore bank accounts held by Swiss Bank UBS….
Content of Tax Appeals
In an interesting article on March 13, 2010, Jamie Golombek wrote about a recent decision in the Tax Court of Canada. The issue before the Tax…