David Chodikoff quoted in CBC story on CRA case
CBC Investigates, "Canada Revenue Agency's case against KPMG over offshore 'sham' delayed — again"
The Canada Revenue Agency’s long-dormant court action against accounting firm KPMG, which appeared to have been resurrected last September after media reports exposed delays in the case, won’t go to court anytime soon, CBC News has learned.
( Available in French only )
Introduction
Le 22 mars 2016, le ministre des Finances, Monsieur Bill Morneau, a déposé le très attendu budget fédéral 2016 (le « budget »), soit le premier budget du gouvernement libéral, intitulé « Assurer la croissance de la classe moyenne ». Nous sommes heureux de...
Introduction
On March 22, 2016, Minister of Finance Bill Morneau tabled the highly anticipated 2016 Federal Budget (the “Budget”), the Liberal Government’s first budget, entitled “Growing the Middle Class”. We are pleased to provide our summary of tax measures contained in...
Business Income Tax Measures
IN THIS SECTION: Expanding Tax Support for Clean Energy Emissions Trading Regimes Small Business Taxation Life Insurance Policies Debt Parking to Avoid Foreign Exchange Gains Valuation for Derivatives Eligible Capital Property Expanding Tax Support for Clean Energy Currently, the Tax...
International Tax Measures
IN THIS SECTION: Base Erosion and Profit Shifting Cross-Border Surplus Stripping Extension of the Back-to-Back Rules Back-to-Back Shareholder Loan Rules Base Erosion and Profit Shifting Base erosion and profit shifting (“BEPS”) is the term used to refer to tax planning...
Personal Income Tax Measures
Canada Child Benefit The Canada child tax benefit (the “CCTB”) is a non-taxable benefit which is paid based on a family’s adjusted net income and the number of children in the family. There are three general components to the CCTB:...
Sales and Excise Tax Measures
IN THIS SECTION: Health Measures Exported Call Centre Services Reporting of Grandparented Housing Sales GST/HST on Donations to Charities De Minimis Financial Institutions Application of GST/HST to Cross-Border Reinsurance Closely Related Test Restricting the Relief of Excise Tax on Diesel...
Other Measures
IN THIS SECTION: Charities and Not-for-Profit Measures Aboriginal Tax Policy Charities and Not-for-Profit Measures In addition to clarifying some pertinent tax rules relating to charities, the Budget includes some disappointing announcements. Previous Budget Measures (a) Capital Gains Exemption for Donations...
Previously Announced Measures
The Budget confirms the Federal Government’s intention to proceed with certain tax and related measures that were announced in the current session of Parliament but have not yet been legislated, specifically: the common reporting standard established by the Organisation for...
Tax Scams: It is Not CRA Calling You!
Taxes & Wealth Management, Issue 9-1
