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Corporate taxes

Corporate Tax Planning

New Report Calls for Increased Regulation to Address Money-Laundering in Canada

This week, CBC News is reporting that lax regulations have made Canada a prime location for money laundering. These headlines come in the wake of a recent report issued by well-known policy think-tank C.D. Howe Institute titled “Why We Fail to Catch Money Launderers 99.9 percent of the Time” in which the Institute highlights ways in which Canada has been deficient in fighting money laundering. Why Money… Read More

Legal fees

Tax Disputes & Litigation

Cameco Awarded More than $10 Million in Legal Fees After Decade Long Dispute with the CRA

Canadian resource company Cameco, one of the world’s largest producers of uranium fuel, recently announced that it would be receiving $10.25 million in costs after a protracted battle with the Canada Revenue Agency (CRA) over alleged tax evasion. Some Background The dispute began when the CRA questioned Cameco’s corporate structure following the company’s reorganization in the late 1990’s. At issue was whether Cameco used a Swiss subsidiary, Cameco Europe Ltd. (CEL) as a means of… Read More

Cottage- small wooden house on green lawn

Personal Tax Planning

Frequently Asked Questions About Your Cottage and Taxes

As we head into May, we also head into the beginning of cottage season- a favorite time for Canadians. While many of us are starting to think about heading up north in the coming weeks to kick off a summer of boating, barbecues and other summer time fun, it may also be a good time to think about the various financial and legal implications of owning a vacation home. Below we address some… Read More

Malicious prosecution

Corporate Tax Planning

CRA Successful in Appeal of $1.7 Million Malicious Prosecution Case

We’ve previously blogged about a ground-breaking decision in which the B.C Supreme Court ordered the Canada Revenue Agency (CRA) to pay more than $1 million in damages for the malicious prosecution of two British Columbia business owners who the agency had claimed had engaged in tax evasion. Since then, the CRA appealed that decision, and the B.C. Court of Appeal recently overturned it. Now, after more than a decade-long battle with… Read More

Tax fraud

Personal Tax Planning

Parents Involved in Recent College Admissions Bribery Scandal May be Facing Tax Fraud Charges

According to Bloomberg News, parents embroiled in the recent “Varsity Blues” college admissions scandal may now be facing serious tax consequences in addition to criminal charges and potential prison time. The Varsity Blues Scandal- Some Background In a federal indictment spanning multiple jurisdictions, approximately 50 individuals, mostly wealthy parents, were recently charged with conspiracy to commit mail fraud and honest services mail fraud, after it was discovered that they had bribed multiple universities to admit… Read More