Tax
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May 02, 2024
Judicial appointment in Tax Court announced
Minister of Justice and Attorney General of Canada Arif Virani announced the appointment of Sophie Matte an associate judge of the Tax Court of Canada, a news release from the Department of Justice announced.
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May 02, 2024
New partner joins Dentons Vancouver
Raphael Tachie joined Dentons as a partner in the firm’s national tax group.
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May 02, 2024
Proposed amendments to CRA’s information-gathering powers contained in 2024 Federal Budget
The 2024 Canadian Federal Budget was tabled on April 16 by Chrystia Freeland, the Deputy Prime Minister and the Minister of Finance (the budget). The Budget’s Tax Measures Supplementary Information (TMSI) contained proposed amendments to the information gathering powers of the Canada Revenue Agency (CRA) in the Income Tax Act R.S.C., 1985, c. 1 (5th Supp.). The aim of the proposed amendments was to increase the effectiveness and efficiency of tax audits and the collection of tax revenues.
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April 30, 2024
Ottawa unveils first 2024 budget bill, but doesn’t include boost to capital gains inclusion rate
The minority Liberal government says it hopes to expedite into law a newly proposed 660-page omnibus budget bill, which would enact many measures announced in this month’s federal budget, but not the government’s controversial proposal to tax capital gains at a higher rate.
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April 30, 2024
Lawyers among PM’s changes in public service senior ranks
Prime Minister Justin Trudeau announced in a recent news release several changes in the senior ranks of public service personnel, including Jean-François Fortin and Samantha Maislin Dickson.
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April 29, 2024
Legal practitioners as gatekeepers for money laundering
In the global fight against money laundering, legal practitioners play a crucial role as gatekeepers. They are essential in preventing the illegal movement of funds through various financial systems. The legal profession is often considered a key line of defence against money laundering due to its involvement in facilitating transactions, providing legal advice and representing clients in financial matters. This comprehensive detail will explore the role of legal practitioners as gatekeepers for anti-money laundering, their responsibilities, the challenges they face and the regulatory framework that governs their actions.
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April 26, 2024
RCMP arrests individual in connection with $34M CRA phone scam
An Individual alleged to have been involved in scam calls that cost victims over $34 million and who later fled the country has been arrested, the Royal Canadian Mounted Police (RCMP) has announced.
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April 26, 2024
Review of COVID benefits and procedural fairness
In the 2023 decision of Baron v. Canada (Attorney General), 2023 FC 1177 (Baron), the Federal Court ruled that Canada Revenue Agency’s varying reasons for denying a COVID benefit, including the failure to sufficiently advise the taxpayer of the scope of its review, was a breach of procedural fairness.
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April 26, 2024
Money laundering in 2024
In 2024, money laundering continues to be a significant global issue, with criminals using increasingly sophisticated methods to conceal the origins of illicit funds.
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April 26, 2024
Highlights of the Legislative Review of the Cannabis Act: Final Report
Released in March 2024, the Legislative Review of the Cannabis Act: Final Report of the Expert Panel is the culmination of work by the independent expert panel appointed by the federal government to conduct a legislative review of the Cannabis Act. The report is a key indicator of the future of the Canadian cannabis regime and how the Act may be amended. In total, the panel made 54 recommendations to federal policymakers and 11 observations for provincial and territorial policymakers and health-care bodies.