Tax Law News: The Panama Papers and Voluntary Disclosure

It has now been over a year since the Panama Papers were leaked and hundreds of Canadian taxpayers were named, their tax avoidance schemes exposed. Since that time, tired of the criticism of being soft on tax crime, the Canada Revenue Agency has stepped up their...

Small Business Taxes – Tips to Keep The CRA Happy

With business tax season well behind us, and most small business taxes concluded, many owners continue on as usual and don’t necessarily stop to consider taxes outside of the regular, necessary dealings. However, if you’ve been less than compliant, and are therefore...

In the News: Tax Trouble for Ontario Pharmacies

A recent federal investigation of Canadian retail pharmacists who received incentives from generic drug firms looking for shelf space has uncovered more than 1,000 who failed to declare and pay the taxes due on $58 million in rebates and incentives, leading to...

What is CRA Voluntary Disclosure & When is it Useful?

CRA Voluntary Disclosure allows you to amend or correct previous tax filings. Through CRA Voluntary Disclosure, you can come forward to the Canada Revenue Agency and provide them with details on mistakes that you have made on previous returns or give them information...