Publications

More on Offshore Accounts

According to an editorial by Diane Francis in the October 7, 2010 edition of the National Post, the Canada Revenue Agency has failed to adequately…

More Swiss Revelations

According to a report in the September 30, 2010 Globe & Mail, CRA has received information on approximately 1,800 Swiss bank accounts held by Canadians. The information…

Parking Benefits

In an article published in the September 21, 2010 Globe and Mail, it appears that Toronto police officers have been audited by the CRA for…

Ebay Businessperson Convicted

On August 27, 2010, CRA announced that they had convicted an individual for failing to report business income from their business selling fur coats on eBay….

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…

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…

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…

Receipts Crucial for Claiming Expenses

On April 19, 2010, Justice Sheridan of the Tax Court of Canada released her decision in Naguit. The issue before the Court was the deductibility of…

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,…

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….