Tax Notes

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July 13, 2023

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New reportable transaction rules receive Royal Assent

Carolyn S. Inglis

Bill C-47 received Royal Assent on June 22, 2023, bringing into effect the new expanded reportable transaction rules. A failure to report as required by the new rules could result in substantial penalties for both taxpayers and their advisors. Taxpayers...

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Zero-rated supplies: Do not forget the burden of proof!

Marie-Hélène Tremblay

The burden of proof in tax matters is a topic frequently addressed by commentators and dealt with in provincial and federal case law. However, the concept itself is sometimes confused with other tax concepts. For example, many taxpayers consider the...

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