The 2024 Digital Services Tax: What Businesses Need to Know
What is the Digital Services Tax? The Digital Services Tax (DST) was initially proposed in 2020 and was implemented in 2024. This tax applies retroactively...
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SCC Dismissed Glencore Canada’s Application for Leave to Appeal
The Supreme Court of Canada (“the SCC”) recently dismissed Glencore Canada Corporation’s application for leave to appeal the FCA’s 2024 decision (2024 FCA...
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How to Complete a Tobacco Information Return as a “Prescribed Person”
What is a Tobacco Information Return? Form B285, otherwise known as a Tobacco Information Return, is a return that must be filed monthly by an individual...
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A Fairer Future for Canada’s Younger Generation: The 2024 Federal Budget
Canada has long been recognized as a land of opportunity, where generations have thrived thanks to progressive taxation, a strong social safety net, and...
Read More The New Canadian Entrepreneurs’ Incentive: 2024 Federal Budget
One of the goals of the 2024 Federal Budget was to invest in ways and introduce measures that would simplify the start-up process for new businesses and...
Read More The Federal Court of Appeal Overturns GAAR Assessment in 3295940 Canada Inc. v. The King, 2024 FCA 42
In the notable decision of 3295940 Canada Inc v The King, the Federal Court of Appeal (“FCA”) recently overturned a General Anti-Avoidance Rule (“GAAR”)...
Read More Distinction Between Current and Capital Expenditures
A repeated question in the realm of taxation revolves around the nature of expenditures; whereby misunderstandings arise as to whether an expense incurred...
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What is the New Housing Rebate?
The New Housing Rebate, outlined in subsection 254(2) of the Excise Tax Act, provides a financial break on the GST or the federal portion of the HST paid...
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