Source: Tax Law Link: Restaurant Owners Who Buy from The Beer Store Will Face Increased CRA Scrutiny Ontario restaurant and bar owners are likely the latest target of the Canada Revenue Agency’s (the “CRA”) effort to audit unreported or under-reported income tax or GST/HST. The CRA requested customer information from The Beer Store in order t
Source: Tax Law Link: Sunita Doobay and Vitaly Timokhov to present at the Law Society of Ontario’s “Taxation Issues for Real Estate Lawyers 2018” On November 20th, Sunita D. Doobay and Vitaly Timokhov will be presenting at the Law Society of Ontario’s, Taxation Issues for Real Estate Lawyers 2018 talk in Toronto. As part of the talk,
Source: Tax Law Link: US Shareholder of a Canco After 2017 Tax Reform Please see Sunita Doobay’s latest article for the Canadian Tax Foundation’s newsletter Canadian Tax Highlights which concerns Public Law no. 115-97 (2017 tax act) — the Tax Cuts and Jobs Act, signed into law on December 22, 2017, which significantly changed the Code and neg
Source: Tax Law Link: The Three Steps of GAAR Please see Vern Krishna’s latest article for the Taxnet Pro: Tax Disputes & Resolution Centre titled, “The Three Steps of GAAR” where he discusses the general anti-avoidance rule as a statutory commercial commercial purpose test. There are two types of tax avoidance; tax mitigati