Blog

Players in a SEC NCAA football game representing the compensation of student athletes

Cross-Border Tax Issues

Question Over NCAA Compensation Makes Its Way To Supreme Court

The compensation of college athletes in the United States has been a controversial topic that has picked up steam over the last few years. Just this week it was reported that the U.S. Supreme Court will hear a petition from the National Collegiate Athletic Association (NCAA) arguing that the organization should be able to continue to restrict athlete compensation. The appeal stems from a lower court decision that ruled in favour… Read More

An art gallery representing a family business that was said to have been a personal endeavour for one taxpayer.

Corporate Tax Planning

Losses Incurred as Part of a Personal Endeavour vs. in Pursuit of Profit

For many new business startups, the first few years can be tough. If a business is lucky, it can make it through those lean years and eventually grow into a successful operation. It’s not uncommon for people who start a small business to expect to make little to no income in these early years. However, a recent decision from the Tax Court of Canada shows that losses incurred due to a… Read More

Sports & Entertainment

NBA Announces Plans for 2021, NHL Still in Discussions

There have been several updates since we last provided an overview of professional sporting leagues in Canada and the U.S. In the latest news, which we will discuss below, the NBA has firmed up its plans, though there special regulations in place for athletes on Canada’s only team, the Toronto Raptors. The NHL is a little further behind in their modified return to play. And in the meantime, the NFL is coming close to… Read More

A closed sign representing commercial businesses closed due to covid restrictions

Business Management

Some Industries Enjoy Government Support, While Others Left In The Cold During COVID-19’s Second Wave

With a second wave of COVID-19 spreading across much of the world, Canada has not been spared from a growing number of cases related to the virus. While the Canadian government was quick to issue various forms of financial support to businesses, employers and individuals during the initial wave of COVID-19, things have slowed down after Canada enjoyed a relatively quiet summer and fall. With the rise in cases, the government has announced some new… Read More

A laptop next to a tray of receipt representing a tax scam involving inflated charitable donation receipts

Tax Disputes & Litigation

Partial Settlement Reached In Charity Scam Class Action

In early 2020, we wrote about a popular tax scam that operated for ten years from 2004 to 2014, in which people made cash payments directly to a charity in exchange for software licenses that were valued for a higher amount and then donated to another charity in exchange for a tax receipt. Our previous blog covered an unsuccessful appeal by one of the taxpayers involved. Just last month, the Ontario Superior Court approved… Read More