Tax News

CRA wants tougher rules for tax-cheat amnesty program - CBC.ca

Tax News - 4 hours 41 min ago

CRA wants tougher rules for tax-cheat amnesty program
CBC.ca
The Canada Revenue Agency is tightening its amnesty program for tax cheats, including a proposed rule that could expose more of the shady advisers who set up dodgy tax schemes to help clients hide their money. The revamped regime for the voluntary ...

Categories: Tax News

Multi-million-dollar property owners requested cap on empty homes tax - MetroNews Canada

Tax News - Fri, 06/23/2017 - 16:51

MetroNews Canada

Multi-million-dollar property owners requested cap on empty homes tax
MetroNews Canada
The City of Vancouver became the first jurisdiction in Canada to approve an empty homes tax in November 2016. Homes must be occupied for at least six months of a calendar year, meaning homeowners must rent out their properties by July 1 in order to ...
Dan Fumano: Applying Vancouver's empty home tax may cost $2.7 million more than expectedVancouver Sun
Number of empty homes in Vancouver hits record highCBC.ca

all 6 news articles »
Categories: Tax News

Beer tax unconstitutional? - Castanet.net

Tax News - Thu, 06/22/2017 - 23:13

Castanet.net

Beer tax unconstitutional?
Castanet.net
The system replaced an earlier tax regime, the New West Partnership Trade Agreement, that gave brewers in British Columbia, Alberta and Saskatchewan a more direct tax advantage over those in the rest of Canada. Steam Whistle secured an injunction ...

and more »
Categories: Tax News

Time for Canada to revisit the tax deduction for child-care expenses - The Globe and Mail

Tax News - Thu, 06/22/2017 - 16:28

The Globe and Mail

Time for Canada to revisit the tax deduction for child-care expenses
The Globe and Mail
Many families with young children struggle to afford good-quality childcare. The current tax deduction for child-care expenses helps to alleviate the cost for some, but many families, particularly at the lower end of the income scale, end up with ...

Categories: Tax News

Wolters Kluwer Delivers Canada's First Cloud-Based Tax Software - Canada NewsWire (press release)

Tax News - Thu, 06/22/2017 - 09:19

Wolters Kluwer Delivers Canada's First Cloud-Based Tax Software
Canada NewsWire (press release)
TORONTO, June 22, 2017 /CNW/ - Wolters Kluwer Tax & Accounting, a leading provider of innovative software solutions and tax expertise, today launched CCH iFirm Tax, Canada's first cloud-based tax software for accountants, bookkeepers and tax ...

and more »
Categories: Tax News

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse - Huffington Post Canada

Tax News - Thu, 06/22/2017 - 08:47

Huffington Post Canada

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse
Huffington Post Canada
"Preferential Treatment," a new report from the Canadian Centre for Policy Alternatives, has found that Canada's richest one per cent reap 42 per cent of the benefit of the 10 costliest tax loopholes. And this problem has been getting worse. This is up ...

Categories: Tax News

Canada: The Impact Of High Personal And Corporate Tax Rates - Mondaq News Alerts (registration)

Tax News - Thu, 06/22/2017 - 05:40

Canada: The Impact Of High Personal And Corporate Tax Rates
Mondaq News Alerts (registration)
Recently, I had the honour and pleasure of speaking at one of Canada's premier tax and estate planning conferences. While listening to some of the sessions, a number of speakers commented on Canada's high tax rates as well as Alberta's tax rate ...

Categories: Tax News

Canadian breweries take on Alberta government's beer tax - Globalnews.ca

Tax News - Thu, 06/22/2017 - 00:12

Globalnews.ca

Canadian breweries take on Alberta government's beer tax
Globalnews.ca
A case that's been brewing since last summer will go to trial Thursday and Friday in Calgary. Great Western Brewing and Steam Whistle Brewing put forth separate but similar complaints last year, alleging that a markup on beer by the Alberta government ...

Categories: Tax News

MPs reject Senate's budget amendments - Toronto Sun

Tax News - Wed, 06/21/2017 - 21:31

Toronto Sun

MPs reject Senate's budget amendments
Toronto Sun
... debate and with unanimous approval of MPs from all parties in the Commons, less than three hours after the Senate gave final approval to an amended version of the budget bill, deleting provisions that would impose a so-called escalator tax on booze.
Senate, Trudeau government locked in test of wills over budget amendmentsNational Post
Senators leave Liberals' budget bill in limbo as MPs leave for summer recessThe Globe and Mail
Senators defy Trudeau, propose amendments to federal budget billHamilton Spectator

all 22 news articles »
Categories: Tax News

MPs quickly reject Senate amendments to budget bill - Globalnews.ca

Tax News - Wed, 06/21/2017 - 16:53

Globalnews.ca

MPs quickly reject Senate amendments to budget bill
Globalnews.ca
While the Senate's final approval of the amended bill was done by a simple voice vote Wednesday, senators voted 46-32 late Tuesday to accept the recommendation of the Senate's finance committee to delete the escalator tax. All 34 Conservative senators ...
Senate, Trudeau government locked in test of wills over budget amendmentsNational Post
Senators leave Liberals' budget bill in limbo as MPs leave for summer recessThe Globe and Mail
Senators defy Trudeau, propose amendments to federal budget billHamilton Spectator

all 16 news articles »
Categories: Tax News

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse - Huffington Post Canada

Tax News - Wed, 06/21/2017 - 15:57

Huffington Post Canada

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse
Huffington Post Canada
"Preferential Treatment," a new report from the Canadian Centre for Policy Alternatives, has found that Canada's richest one per cent reap 42 per cent of the benefit of the 10 costliest tax loopholes. And this problem has been getting worse. This is up ...

and more »
Categories: Tax News

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse - Huffington Post Canada

Tax News - Wed, 06/21/2017 - 15:57

Huffington Post Canada

Our Tax System Is Riddled With Unfair Loopholes - And It's Getting Worse
Huffington Post Canada
"Preferential Treatment," a new report from the Canadian Centre for Policy Alternatives, has found that Canada's richest one per cent reap 42 per cent of the benefit of the 10 costliest tax loopholes. And this problem has been getting worse. This is up ...

and more »
Categories: Tax News

Canada could open itself to WTO challenge over alcohol tax, says Easter - iPolitics.ca (subscription)

Tax News - Wed, 06/21/2017 - 15:09

iPolitics.ca (subscription)

Canada could open itself to WTO challenge over alcohol tax, says Easter
iPolitics.ca (subscription)
The European Union has warned Ottawa that its plan to increase alcohol taxes indefinitely likely will end up before the World Trade Organization (WTO), the chair of the finance committee said Wednesday. Wayne Easter told iPolitics before question ...

Categories: Tax News

Canada could open itself to WTO challenge over alcohol tax, says Easter - iPolitics.ca (subscription)

Tax News - Wed, 06/21/2017 - 15:08

iPolitics.ca (subscription)

Canada could open itself to WTO challenge over alcohol tax, says Easter
iPolitics.ca (subscription)
Europe has warned Ottawa that its plan to increase alcohol taxes indefinitely likely will end up before the World Trade Organization (WTO), the chair of the finance committee said Wednesday. Wayne Easter told iPolitics before question period the ...

Categories: Tax News

Taxes could 'kill' Canada's energy industry: Birchcliff CEO - BNN

Tax News - Wed, 06/21/2017 - 09:29

BNN

Taxes could 'kill' Canada's energy industry: Birchcliff CEO
BNN
Birchcliff Energy (BIR.TO 0.53%) Chief Executive Officer Jeffery Tonken is warning excessive regulation threatens to strangle the energy industry. In an interview on BNN, Tonken said it's more than just the carbon tax looming over his industry, arguing ...

Categories: Tax News

Stephen Jarislowsky: Our tax system is now so unfair it will push productive people to leave Canada - Financial Post

Tax News - Wed, 06/21/2017 - 02:00

Financial Post

Stephen Jarislowsky: Our tax system is now so unfair it will push productive people to leave Canada
Financial Post
Would I, as a young entrepreneur, settle in Canada or stay in Canada with an income tax that in most provinces takes well over 50 per cent of my income, plus a 15-per-cent sales tax? Even if that were all the tax payable, I would look for greener pastures.

Categories: Tax News

When it comes to taxing carbon, Canada has it exactly backward - Financial Post

Tax News - Tue, 06/20/2017 - 21:23

Financial Post

When it comes to taxing carbon, Canada has it exactly backward
Financial Post
We have recently advocated for the adoption of a similar carbon added tax on consumption, and have expressed our reservations regarding a carbon tax on domestic production like the one Canada is currently in the process of implementing across the ...

Categories: Tax News

Amid tight margins and commodity volatility, Canadian farmers faced with a new challenge — carbon taxes - Financial Post

Tax News - Tue, 06/20/2017 - 21:21

Financial Post

Amid tight margins and commodity volatility, Canadian farmers faced with a new challenge — carbon taxes
Financial Post
Farmers in Western Canada are now staring down the barrel of a carbon tax or cap-and-trade system. Prime Minister Justin Trudeau announced plans to implement nationwide carbon pricing by 2018 to help satisfy Canada's commitments under the Paris ...

Categories: Tax News

Famous Swiss bank whistleblower wonders why Canada gave up so easily on $1 billion in unpaid taxes - Financial Post

Tax News - Tue, 06/20/2017 - 15:37

Financial Post

Famous Swiss bank whistleblower wonders why Canada gave up so easily on $1 billion in unpaid taxes
Financial Post
In 2008, three years after blowing the whistle on widespread tax evasion facilitated by Switzerland's largest bank, Bradley Birkenfeld started sending faxes to Canada. At the time, Birkenfeld, a former UBS AG private banker who resigned in 2005 after ...

Categories: Tax News

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

Tax News - Tue, 06/20/2017 - 15:37

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

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