CALL TODAY 1-888-868-1400

Download our FREE eBook

Learn about the different methods that many Canadian individuals and businesses have leveraged to successfully reduce or eliminate penalties and interest owing on their tax debts.

Download Now

Blogs posted during November 2015

The Tax Audit Process and the Importance of Good Audit Support

So you received either the dreaded phone call or brown envelope from the CRA announcing that you have been selected for an audit – not the best of days but all is not lost.  This is definitely not a “do-it-yourself” type of situation.  The stakes are far too high.  Hiring…

...

Read More

Defending Scientific Research and Experimental Development (SR&ED) Tax Credit Challenges

The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada. The program is administered by the Canada Revenue Agency (CRA), which, in recent years has begun to…

...

Read More

Directors’ Liability Tax Assessment

Directors of a corporation can personally be held liable for the corporation’s failure to withhold and remit taxes from certain payments, including payments of salary and dividends, interest and rental payments to non-residents. In the case of failure to withhold, the directors may be liable to pay the amount that…

...

Read More

GLGI Participants – Next Steps Following Mariano v. Her Majesty the Queen

GLGI participants: it has now been almost a month since the court ruling was released regarding Mariano v. Her Majesty the Queen, and since that time we’ve received a large number of calls from individuals who are concerned about their own participation in the Global Learning Gift Initiative and the…

...

Read More

Overview of CRA Penalties and Interest for Income Tax and GST/HST

The Canada Revenue Agency (CRA) has many requirements which all taxpayers (individuals and companies) must abide by.  There are deadlines and due dates for filing income tax and GST/HST returns. There are due dates for payments to the CRA, both for balances owing and for instalments. There is the requirement…

...

Read More

GLGI Tax Ruling – What This Means to You

Two weeks ago, the first GLGI test case was decided in court, and the decision has been cited as a devastating loss for GLGI clients. In the case of Mariano v. Her Majesty the Queen, Justice F.J. Pizzitelli found that participants did not ‘have the intent to donate’ and thus…

...

Read More

Notice of Objection Procedures and Deadlines

Do you think the Canada Revenue Agency (CRA) treats you fairly? No? Well according to the CRA, all taxpayers are entitled to fair treatment. In fact, this right to fair treatment is enshrined in the “Taxpayer Bill of Rights”. One of the best things you can do if you feel…

...

Read More

GLGI 2015 Update: Devastating Loss in Court for GLGI

On October 19, 2015, Justice Pizzitelli issued his ruling in the long awaited GLGI test case of Mariano v. Her Majesty the Queen.   As I wrote about in a previous blog, the outcome was the worst case scenario for clients of GLGI.   Justice Pizzitelli’s stinging rebuke of the GLGI program…

...

Read More