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Citizenship

Corporate Tax Planning

Tax Fairness for Americans Abroad Act: Potential Tax Relief for Canadian Residents with U.S. Citizenship

On December 21, 2018, North Carolina Republican Congressman George Harding tabled the Tax Fairness for Americans Abroad Act, a bill which, if passed, would exempt Americans living in Canada (and other countries abroad) from having to pay tax on income earned outside of the U.S. Citizenship-Based Taxation Holding said he introduced the proposed legislation because the U.S.’ current system imposes an unfair burden on taxpayer who have American citizenship but live outside… Read More

Legal fees

NAFTA

Following Newly Signed Trade Agreement, Debates Over Tariffs Continue

Canadian Foreign Affairs Minister told the press today that President Donald Trump’s steel and aluminum tariffs contradict a key component of the new Canada-United States-Mexico Agreement (CUSMA), which will be replacing NAFTA. “CUSMA” Finalized After more than a year of often uncertain and highly charged negotiations, Mexico, Canada and the U.S. finally reached an agreement on tripartite trade earlier this fall. The agreement… Read More

Tax evasion

Corporate Tax Planning

In a “Game Changing” Move, the CRA Seizes Property Following Sentencing for Tax Evasion

Earlier this fall, the Canada Revenue Agency (CRA) seized six rental properties as well as a car belonging to two Ottawa residents recently charged with tax evasion. This marks the first time that the “proceeds of crime” provisions of the Criminal Code were used in a situation of tax evasion. Until this case, these provisions have only been used in cases involving money laundering or suspected terrorist financing. What Happened? The two taxpayers in… Read More

Money Laundering

Corporate Tax Planning

Auditor General: CRA Not Treating All Taxpayers Equally in Audits and Reviews

According to a new report by the federal Auditor General, the Canada Revenue Agency (CRA) is not treating all taxpayers equally when it comes to auditing or reviewing tax files. Taxpayer Bill of Rights The Canada Revenue Agency has a Taxpayer Bill of Rights which is intended to build on the CRA’s corporate values of professionalism, respect, integrity, and collaboration and further, is intended to protect taxpayers from inappropriate treatment and to protect… Read More

Privacy breaches

Tax Disputes & Litigation

Investigation Reveals that CRA Employees Have Been Accessing Taxpayer Information on an Unauthorized Basis

According to an investigation by CBC News, employees at the Canada Revenue Agency (CRA)  have committed privacy breaches and have continued to “snoop” on the confidential tax files of their partners, spouses, colleagues, neighbours, and others. CBC obtained ten months of internal reports which showed the files of at least 10,000 Canadians were compromised by CRA employees, who used their privileged access to government databases to access taxpayers’ private financial affairs. This occurred despite… Read More