by Kendal SteeleCRA Penalties and Interest
The Canada Revenue Agency (“CRA”) can charge interest and penalties for a variety of reasons. Perhaps more worrisome is the alarming rate that pen...
by Kendal SteeleTax Audits and the Reasonable Minimum Standard
Anyone who has been audited will tell you about the amount of time they spent compiling receipts, bank statements, and other documentation to refute a...
by Kendal SteeleExporting Vehicles – GST/HST and Input Tax Credits
Exporting Vehicles – GST/HST and Input Tax Credits The sale and export of vehicles from Canada should theoretically yield GST/HST refunds. These...
by Kendal SteeleThe Small Business Deduction and the New Passive Investment Rules
In 2017, the Federal Government announced its intention to make sweeping changes towards small business taxation in Canada. The government initially t...
by Kendal SteeleRecent Changes to the Voluntary Disclosure Program (Part 2)
In our last post, we discussed the importance of legal representation on the “back end” of the voluntary disclosure process, assisting you with ha...by Kendal SteeleRecent Changes to the Voluntary Disclosures Program (Part 1)
Under the Canada Revenue Agency’s Voluntary Disclosures Program, taxpayers can come forward to disclose past non-compliance, whether that be no...by Kendal SteeleA Canadian’s Guide To U.S. Tax Changes
Throughout 2017, the Trudeau government’s proposed changes to Canadian business taxation often dominated headlines. However, their gradual rollout a...
by Kendal SteeleNew Income Sprinkling Rules
On December 13, 2017, the Department of Finance re-released its draft legislation regarding income splitting rules and provided guidance to the revise...
by Kendal SteeleIncome Sprinkling and Reasonableness
In the recently announced changes to the Income Tax Act, “reasonableness” takes centre stage. Taxpayers running businesses who pay money out to t...
by Kendal Steele