Resources & Articles
Domestic Tax
Tax Anti-Avoidance rule changes on the horizon
(authored by RSM CANADA) After years of the GAAR provisions remaining unchanged, the government proposed substantial changes in the 2023 Budget and subsequent legislation.
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Federal government denies expenses on short-term rentals
The Federal government has introduced new proposed measures to disincentivize short-term rentals that aren’t in compliance with their local jurisdiction as of January 1, 2024. ...
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Canadian Tax Developments in 2023 you Might have Missed over the Holidays
Important changes in Canadian tax legislation, CRA enforcement initiatives, and case law updates over the past few months.
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Expense Claims that Pass the Audit Test
Often taxpayers are audited by the Canada Revenue Agency (CRA) and end up being surprised when some or all of their expenses are disallowed. Many...
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Employment Insurance: Misconduct
An August 24, 2023, Federal Court of Canada case reviewed whether the taxpayer’s employment had ceased due to misconduct, which would render the taxpayer ineligible...
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REVIVAL OF A CORPORATION: Tax Collection
A June 12, 2023, Court of King’s Bench of Alberta case reviewed CRA’s application to revive a corporation dissolved in 2020. The former sole shareholder...
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SURCHARGE TO ACCEPT PAYMENT VIA CREDIT CARD: GST/HST?
As of October 2022, merchants could charge an additional fee for accepting payment via credit card. In a March 28, 2023, Technical Interpretation, CRA opined...
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ENHANCED GST RESIDENTIAL RENTAL REBATE: Increased Incentives
On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate...
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Managed services can deliver results for businesses
Effectively utilizing managed services is becoming a critical success factor for companies of all sizes and in all industries. Often times, a board might recommend...
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Federal Economic Statement 2023
(authored by RSM CANADA) On Nov. 21, 2023, Canada released the Federal Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
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