by Jason RosenIs My GST/HST Reassessment Statute Barred?
If the Canada Revenue Agency (CRA) audits a taxpayer’s GST/HST returns, and determines that the previous assessment was incorrect, they are able...
by Jason RosenAre Gambling Winnings Taxable in Canada?
When you’re placing a bet, whether it’s on a hockey game or at the poker table, taxes are probably the last thing on your mind. However, it’s im...
by James PendergastHow are Gifts of Capital Property Taxed?
It is well established in Canada that gifts and inheritances are tax-free windfalls enjoyed by taxpayers. The Federal Court of Appeal in Bellingham v ...
by Jason RosenAdvance Income Tax Rulings and Technical Interpretations
Taxpayers may request answers from Canada Revenue Agency (“CRA”) by requesting an advance income tax ruling, or a technical interpretation. A tech...
by Jason RosenHow Does the Canada Revenue Agency Find Unreported Income?
The Canadian tax system operates as a self-reporting system. Each taxpayer is responsible for reporting their total income, deductions and credits cla...
by James PendergastCanada’s Luxury Goods Tax
On August 10, 2021, the Government of Canada announced that it would be introducing a new tax on Select Luxury Goods (also known as the Luxury Tax), w...
by Jason RosenWhat is Rental Income in Canada?
Rental income is the money or value you receive when you rent out property that you either own, or have the use of. The property may be yours wholly, ...
by James PendergastWhat is Taxable Income?
In Canada, regular taxpayers are taxed by both the federal government and the province or territory in which they reside on December 31st of the tax y...
by Jason RosenCRA 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 James Pendergast