CRA Articles

by Jason Rosen

The 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 Jason Rosen

Recent 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 Jason Rosen

How to Respond to Indirect Verification of Income Audits

This is part two in a series of posts discussing Indirect Verification methods used by the Canada Revenue Agency (“CRA”). If you want to ...

by Jason Rosen

Indirect Verification of Income Audits

Indirect Verification of Income Audits & the Canada Revenue Agency Indirect Income Verification methods are an extremely powerful weapon in the CR...

by Jason Rosen

New 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 Jason Rosen

Do I Need a Tax Lawyer or an Accountant?

In our first discussion of when to hire tax lawyers, we discussed their experience in advocacy and knowledge of the legal avenues open to you to seek...

by James Pendergast

Marijuana and Taxes

The Liberal Government continues to work towards legalizing marijuana throughout Canada by releasing proposed amendments to the Excise Tax Act concer...

by Jason Rosen

Income 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 James Pendergast

What are Reasonable Business Expenses?

In a tax context, an expense or a write-off is another word for a deduction. Canadian corporations are taxed on their profits, that is, the income th...