by Kendal SteeleIs the CRA Allowed to Criticize Business Practices?
The Canada Revenue Agency (“CRA”) was recently faulted for encroaching and inappropriately second-guessing the Appellants’ business practices in...
by Kendal SteeleWhat is a Taxable Benefit – Part 3
If you are an employer, you have probably considered providing your employees with benefits. If so, it is important to understand that you may have ob...
by Kendal SteeleNon-Resident Withholding Tax on Canadian Rental Income
The Canadian tax system primarily operates to tax Canadian “residents.” The term “resident” has its own legal meaning in the Income Tax Act (t...
by Kendal SteeleThe Principal Residence Exemption and Changes of Use
Canada’s real estate industry is constantly fluctuating and transforming in a variety of ways. Among these transformations, are the duties of the Ca...
by Kendal SteeleAre Cryptocurrency Losses Tax Deductible?
With a market cap now valued in the trillions, the tax implications of cryptocurrency gains have been a common concern in recent years due to its unpr...
by Kendal SteeleAn Update to the Non-Resident Speculation Tax
We previously wrote about the Non-Resident Speculation Tax (NRST), explaining what it is, what it is applied to, and any refunds or rebates that may b...
by Kendal SteeleCRA Moving to Electronic Notices of Assessment in 2023
On February 18, 2022, the CRA announced that beginning in 2023, they intend on providing electronic Notice of Assessments and Reassessments for taxpay...
by Kendal SteeleWhat is GST/HST?
What is the GST/HST? The Goods and Services Tax (GST) is a tax that applies to most supplies of goods and services made in Canada. The GST also applie...
by Kendal SteeleThe New 15% Global Minimum Tax Rate for Corporations
The Organization for Economic Cooperation and Development (OECD) has released their long-awaited Pillar Two model rules on December 20, 2021, marking ...
by Kendal Steele