Canadian Tax Planning and “Reportable Transactions”

The Government of Canada passed legislation requiring disclosure of reportable transactions to the Canada Revenue Agency (CRA). The legislation addresses concerns about how aggressive tax avoidance transactions affect the fairness of the income tax system – everyone must…

Read more

First Time Tax Credit for Charitable Donations

Canada Revenue Agency (“CRA”) has provided a Charitable donation tax credit calculator on their website.  A link to the calculator can be found here. For qualifying first time donors, CRA has published information regarding the First-Time Donor’s Super…

Read more

US Citizens Abroad Organise to Fight Worldwide Tax Net

This article address the issue of the tax problems faced by expatriate American citizens, especially with regard to Foreign Account Tax Compliance Act (FATCA) compliance.

Read more

China Has Introduced New Money Laundering Reporting Rules

The People's Republic of China recently introduced new money laundering rules to reduce the number of unwarranted suspicious activity reports relating to money laundering. The new rules now instruct banks to perform risk assessments on clients according to…

Read more
bullet

British Columbia PST Implementation Day

Today, April 1, 2013, is the official implementation day for the new Provincial Sales Tax ("PST"), and returns British Columbia to a two-tax PST and Goods and Services Tax ("GST") system. The province has now returned to a…

Read more

Canada: Federal Budget 2013

The Canadian Government released its 2013 Federal Budget on March 21st, 2013, with a renewed focus on skills and training for workers, assistance for manufacturers and businesses to succeed in the global economy (including measures to support a…

Read more

British Columbia Budget 2013

Summary of the British Columbia Provincial Budget for 2013.

Read more

The End of the HST – Part 2

Commentary on further PST related developments.

Read more

CRA is looking into Tax Shelters in 2012

The Canada Revenue Agency has issued a News Release stating that they will be putting the assessment of any individual returns on hold that claim a credit by participating in a tax shelter scheme.  They warn that starting…

Read more