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A Cautionary Tale Regarding the GST/HST New Housing Rebate
As an incentive to a prospective buyer, a builder may offer to provide a credit to decrease the purchase price of a newly-constructed or substantially renovated detached house, duplex, or condominium unit (collectively referred to as a « Home« ) in exchange...
Budget 2018: Developments Affecting Private Companies
Passive Income Proposals for Private Corporations Budget 2018 contains two new measures to deter the accumulation of passive assets within private corporations. These changes are a welcome departure from the Federal Government’s July 18, 2017 announcement on the treatment of...
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$1.4 million award against CRA for malicious, high-handed, and reprehensible conduct – Samaroo v. Canada Revenue Agency, 2018 BCSC 324
Unfortunately, we see the odd bad apple in our civil and criminal dispute resolution practice involving the Canada Revenue Agency (CRA). We try to resolve these matters prior to pursuing the extreme route involving litigation. As one can see from...
Budget 2018 : Propositions en matière de taxes de vente et d’accise
Le Budget fédéral 2018 (« Budget 2018 ») contient un certain nombre de propositions et de modifications relatives aux droits d’accise et aux taxes de vente (TPS/TVH) qui concernent autant les inscrits que les fiscalistes. Chacune des propositions abordées ci-après porte sur des...
Analyse du budget fédéral de 2018 par Miller Thomson
Dans le budget fédéral 2018 déposé aujourd’hui (le « Budget »), le gouvernement fédéral fait suite à ses promesses de réformes relatives à l’imposition du revenu de placement passif généré par certaines sociétés privées canadiennes. Le gouvernement fédéral a également continué de...
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A New Era of Private Corporation Tax Rules – Part II
The announcement in Budget 2017 that the Government was reviewing tax reduction strategies using private corporations created uncertainty and much speculation. On July 18, 2017, draft legislation (the « July Proposals« ) was released, which proposed to amend many sections of the...
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A New Era of Private Corporation Tax Rules – Part I
As people start to get back to their normal routines after the holidays and catch up on news they may have missed between school holiday concerts, client or work events and family commitments, they may have noticed that the Department...
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Canadian Tax Ramifications in Connection with Exchanging Cryptocurrency for Cash
There are now over 1,300 cryptocurrencies available online, Bitcoin being the most popular, with new initial coin offerings, or “ICOs”, being announced on what seems like a daily basis. Bitcoin made headlines at the end of 2017 as the price...
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Proposed Amendments to the Taxation of Private Corporations – Where Are We Now?
The July 18, 2017 proposals of the Minister of Finance generated a lot of discussion and debate last summer among tax practitioners, professionals, business owners and the general public. Over the course of the consultation period, the Department of Finance...
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Whistleblowers and the Evidentiary Challenges in Offshore Tax Evasion Cases
Canadian Tax Journal, Vol. 65, No. 3
The article provides a high-level overview and comparison of the US and Canadian whistleblower programs. Whereas the us experience has resulted in the recovery of significant unreported tax dollars and successful tax prosecutions, the Canadian whistleblower program has, to date, had limited success.
