Tax News

'No good reason for that': Finance Minister Bill Morneau outlines plans to catch tax avoiders - Financial Post

Tax News - Thu, 05/25/2017 - 17:51

Financial Post

'No good reason for that': Finance Minister Bill Morneau outlines plans to catch tax avoiders
Financial Post
Canada also wants to tighten up rules which allow companies to make things in a low-tax company and then sell them at inflated prices to an affiliate in a high-tax country, which shifts profits to the low-tax country. Morneau said Canada has teamed up ...

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Categories: Tax News

Another 'Revenue Neutral' Carbon Tax That's Anything But - Huffington Post Canada

Tax News - Thu, 05/25/2017 - 12:01

Huffington Post Canada

Another 'Revenue Neutral' Carbon Tax That's Anything But
Huffington Post Canada
Even the so-called gold standard of carbon taxes in Canada, British Columbia's revenue neutral model, was revealed by the Fraser Institute not to be revenue neutral. The government had been playing accounting tricks, costing taxpayers hundreds of millions.

Categories: Tax News

Ottawa shouldn't ignore hunger for tax fairness: Editorial - Toronto Star

Tax News - Wed, 05/24/2017 - 17:46

Toronto Star

Ottawa shouldn't ignore hunger for tax fairness: Editorial
Toronto Star
In its first budget, the government raised income tax on the highest earners to fund investments in middle-class well-being, including a large middle-class tax cut. But it also promised to go further. Canada's tax code has grown in recent decades to ...

Categories: Tax News

Beer brawl: Brewers, restaurant industry vow to fight new booze tax - iPolitics.ca (subscription)

Tax News - Wed, 05/24/2017 - 15:02

iPolitics.ca (subscription)

Beer brawl: Brewers, restaurant industry vow to fight new booze tax
iPolitics.ca (subscription)
A political battle is brewing between the federal government, brewers and Canada's restaurant industry over Ottawa's plan to hike federal alcohol taxes indefinitely. “They didn't do any homework on this,” said Beer Canada President Luke Harford. “This ...

Categories: Tax News

Beer brawl: Brewers, restaurant industry vow to fight new booze tax - iPolitics.ca (subscription)

Tax News - Wed, 05/24/2017 - 15:02

iPolitics.ca (subscription)

Beer brawl: Brewers, restaurant industry vow to fight new booze tax
iPolitics.ca (subscription)
A political battle is brewing between the federal government, brewers and Canada's restaurant industry over Ottawa's plan to hike federal alcohol taxes indefinitely. “They didn't do any homework on this,” said Beer Canada President Luke Harford. “This ...

Categories: Tax News

Everything is on the table, including exemptions, for North carbon tax: federal official - CBC.ca

Tax News - Wed, 05/24/2017 - 11:32

CBC.ca

Everything is on the table, including exemptions, for North carbon tax: federal official
CBC.ca
A senior official with the federal environment department says the North isn't included in Ottawa's current plans for a carbon tax. Environment Minister Catherine McKenna released details of the federal plan for the provinces last week. But an official ...

Categories: Tax News

Will And Estate Planning Considerations For Canadians With US Connections - Mondaq News Alerts (registration)

Tax News - Wed, 05/24/2017 - 07:09

Mondaq News Alerts (registration)

Will And Estate Planning Considerations For Canadians With US Connections
Mondaq News Alerts (registration)
Canadian citizens and residents may be exposed to U.S. estate, gift, and generation-skipping transfer tax (together, "U.S. transfer taxes") on the value of certain property gifted or transferred during lifetime or on death. Without realizing it, you ...

Categories: Tax News

These are the most common myths about bankruptcy in Canada - Macleans.ca

Tax News - Tue, 05/23/2017 - 20:14

Macleans.ca

These are the most common myths about bankruptcy in Canada
Macleans.ca
The myth about taxes not being dischargeable in bankruptcy likely derives from the U.S. Bankruptcy Code, in which only certain tax debt for specific periods are dischargeable and only in certain situations. Canadian bankruptcy law discharges all tax ...

Google News
Categories: Tax News

Convenience Stores Can Finally Have Some Tax Convenience - Huffington Post Canada

Tax News - Tue, 05/23/2017 - 17:01

Huffington Post Canada

Convenience Stores Can Finally Have Some Tax Convenience
Huffington Post Canada
When the Canada Revenue Agency (CRA) announced earlier this year that it was expanding the Liaison Officer Initiative (LOI) to make it easier for businesses to get the help they need as tax collectors for government. It was another positive development ...

Categories: Tax News

Growth council's new tasks: unlock business spending, broaden job skills help - TheChronicleHerald.ca

Tax News - Tue, 05/23/2017 - 15:02

TheChronicleHerald.ca

Growth council's new tasks: unlock business spending, broaden job skills help
TheChronicleHerald.ca
"Who knows what will happen with tax reform in the U.S., but if it goes ahead, it could wipe out our business tax advantage," Mintz said. A discussion paper released in March by C.D. Howe said business investment in Canada was relatively strong between ...

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Categories: Tax News

Pipeline delays, carbon tax 'haven't helped' attract investment: Former Suncor CEO - BNN

Tax News - Tue, 05/23/2017 - 12:10

BNN

Pipeline delays, carbon tax 'haven't helped' attract investment: Former Suncor CEO
BNN
Former Suncor CEO Rick George says political delays in approving key energy infrastructure and uncertainty surrounding Ottawa's implementation of a new carbon tax are driving away investment in the oil sands and making Canada less competitive.

Categories: Tax News

Canada Revenue Agency fires eight employees for violating taxpayers' privacy, including the biggest breach in ... - Financial Post

Tax News - Tue, 05/23/2017 - 11:30

Financial Post

Canada Revenue Agency fires eight employees for violating taxpayers' privacy, including the biggest breach in ...
Financial Post
“The CRA takes the protection of Canadians' tax information very seriously. The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada's tax system,” agency spokesman Patrick Samson said in an email. The agency ...

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Categories: Tax News

Eight revenue agency workers fired for roles in privacy breaches: CRA - The Globe and Mail

Tax News - Mon, 05/22/2017 - 16:57

The Globe and Mail

Eight revenue agency workers fired for roles in privacy breaches: CRA
The Globe and Mail
“The CRA takes the protection of Canadians' tax information very seriously. The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada's tax system,” agency spokesman Patrick Samson said in an e-mail. The agency ...

and more »
Categories: Tax News

Eight Canada Revenue Agency workers fired for privacy breaches - Hamilton Spectator

Tax News - Mon, 05/22/2017 - 16:41

Hamilton Spectator

Eight Canada Revenue Agency workers fired for privacy breaches
Hamilton Spectator
"The CRA takes the protection of Canadians' tax information very seriously. The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada's tax system," agency spokesperson Patrick Samson said in an email.

and more »
Categories: Tax News

Tax worker fired after biggest privacy breach at Revenue Canada - CBC.ca

Tax News - Mon, 05/22/2017 - 05:00

CBC.ca

Tax worker fired after biggest privacy breach at Revenue Canada
CBC.ca
The Canada Revenue Agency has fired an employee for the biggest single privacy breach ever detected involving confidential taxpayer accounts. The employee improperly accessed the accounts of 38 taxpayers in detail, and briefly accessed another 1,264 ...

Categories: Tax News

Trudeau questioned on carbon tax, NEB and Vegreville during stop in Edmonton - CBC.ca

Tax News - Sat, 05/20/2017 - 12:32

CBC.ca

Trudeau questioned on carbon tax, NEB and Vegreville during stop in Edmonton
CBC.ca
The prime minister was at the science centre to promote his government's Canada Child Benefit, but faced questions from reporters about how his government justifies moving the Alberta town's major employer. As around 20 demonstrators stood outside ...
Prime Minister Trudeau promotes child benefit program in EdmontonGlobalnews.ca

all 2 news articles »
Categories: Tax News

Real estate tax demands lawyers verify the unverifiable - Toronto Star

Tax News - Sat, 05/20/2017 - 00:04

Toronto Star

Real estate tax demands lawyers verify the unverifiable
Toronto Star
The penalty is up to twice the evaded tax and two years in jail. So if, for instance, a buyer misleads their lawyer about the number of days he or she has spent in Canada in the last year, both of them can be imprisoned. Even worse, although the ...

Categories: Tax News

Here's how much more you could be paying for fuel when the carbon tax goes into effect - Globalnews.ca

Tax News - Fri, 05/19/2017 - 14:49

Globalnews.ca

Here's how much more you could be paying for fuel when the carbon tax goes into effect
Globalnews.ca
But companies won't necessarily download the full price of the levy onto consumers, said Mitch LaBuick, an indirect tax specialist at BDO Canada. In Alberta, for example, prices at the pump didn't immediately go up 4.5 cents per litre on Jan. 1, when ...

Categories: Tax News

Canada ready to impose pollution caps, fuel tax on provinces - Business Insider

Tax News - Fri, 05/19/2017 - 12:19

Business Insider

Canada ready to impose pollution caps, fuel tax on provinces
Business Insider
OTTAWA (Reuters) - Canada said on Thursday it planned to impose a cap on pollution in provinces that refuse to adopt a national price on carbon, setting up a potential fight with the country's powerful energy-rich west. Last December the Liberal ...
Canada 'absolutely open for business': Environment minister dismisses carbon tax fearsBNN
Saskatchewan premier: Federal carbon tax plan 'a ransom note'Toronto Sun
Federal Liberals to reveal carbon-pricing scheme for provinces todayGlobalnews.ca
Financial Post -Malay Mail Online -National Post
all 34 news articles »
Categories: Tax News

Canada Announces Tax Exemption For Military Personnel - Tax-news.com

Tax News - Fri, 05/19/2017 - 10:40

Canada Announces Tax Exemption For Military Personnel
Tax-news.com
The Canadian Government will exempt the military salaries of Canadian Armed Forces personnel deployed on named international operations from federal income taxes. The exemption will apply up to and including the pay level of Lieutenant-Colonel.

Categories: Tax News

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