CRA and Foreign Assets Disclosure
Canadians with income from foreign assets are now obliged to report them in much more detail on Form T1135.
Health Profession Corporations – British Columbia
The benefits of health professionals within British Columbia (such as Dentists, Physicians, Naturopaths, Pharmacists, Physical Therapists and Optometrists etc) consider the benefits of becoming self employed and practicing through their own professional corporation.
Charity Law Bulletin – Canada
This bulletin highlights some of the topical issues that concern a registered charity.
FACTA and the Canadian Legislative Response
The Canadian Government, through the Minister of Finance, has tabled legislative proposals and explanatory notes relating to the Canada - United States enhanced tax information exchange agreement, which addresses the Canadian concerns arising from the Fair and Accurate…
Canada-Korea Free Trade Agreement (CKFTA)
On March 11, 2014, Prime Minister Stephen Harper announced the Canada-Korea Free Trade Agreement (“CKFTA”), concluding ongoing and substantive negotiations for a bilateral free trade agreement between these two countries. The objective of the trade agreement partners is…
The Law of Charity in Canada is a Moving Subject
Article defining the current state of the law of charity in Canada, and on assisting in the development of that body of law, and its understanding amongst Canadians.
CRA Develops Political Activities Self-Assessment Tool
Canada Revenue Agency (“CRA”) has developed an online self-assessment tool for charities to use to determine if they are carrying on political activities and if those activities are within the limits of the Income Tax Act. The online…
Canada – Spain Tax Treaty Amendments
The double-taxation agreement between Canada and Spain has been amended to reduce withholding tax rates on dividends and interest payments, and to include standard provisions for the exchange of tax information.