Blog
Sports & Entertainment
Post-Secondary Canadian Esports Organization Forms
At Feigenbaum Law, we have an interest in the professional and collegiate sporting world, and this does not exclude esports, which have continued to make huge gains in mainstream acceptance over the last few years. We’ve blogged in the past about the inclusion of esports in US colleges, and we wanted to follow that up today with news of the launch of a Canadian Collegiate Esports League. Formation of Canadian Collegiate Esports… Read More
Uncategorized
Appeals Continue To Follow Crackdown On Tax Scam
A few months ago we provided an update on one of the appeals related to a tax shelter that had been exposed as a sham, leading thousands of Canadians having their taxes re-assessed and penalties imposed. The tax shelter, known as the Global Learning Gifting Initiative (GLGI), continues to cause ripples across Canada’s tax law world, most recently with another failed appeal before the Tax Court of Canada. How the tax… Read More
Bitcoin
NFTs Open Doors To New Revenue Streams For Athletes
For the last few years, the financial world has been inundated by news related to Bitcoin and other cryptocurrencies. This has been a topic we have frequently blogged about, as more and more people, including individual investors, are looking to cryptocurrency as a way to invest. Non-fungible tokens, or NFTs, are a new form of digital assets that have recently made headlines and have also provided economic incentives for athletes, artists, and others. What… Read More
Personal Tax Planning
Taxpayer Fights Penalty Imposed For False Statements
People typically don’t like paying tax, at least certainly not more than they are supposed to pay. It’s not uncommon for people to make claims of expenses or losses in order to reduce their tax burden. Of course, it’s also illegal to file tax returns that are not accurate. On occasion, people may hire third parties to prepare their taxes for them. What happens when a taxpayer hires a company who makes false statements on… Read More
Personal Tax Planning
House of Commons Re-Opens Probe Into Tax Sham
The Canadian government recently announced plans to pursue the collection of taxes from ultra-wealthy Canadians who may be hiding assets in shell companies located in the Isle of Man in order to avoid paying taxes or alternatively to shelter them from creditors, such as former spouses. A story recently published by the CBC states that a long-dormant parliamentary probe into the tax shelters, involving the accounting firm KPMG, is going to be… Read More