Tax
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November 22, 2024
Tax authority permitted to make assumptions of fact that are presumed true: B.C. Court of Appeal
B.C.’s top court has issued a pair of rulings that say that a taxing authority is permitted to make assumptions of fact that are presumed true unless the taxpayer disproves them.
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November 22, 2024
More audit powers to CRA? Combatting ITC fraud without turning taxpayers into villains
The 2024 Federal Budget introduces important tax proposals that amend the Income Tax Act and strengthen the Canada Revenue Agency’s (CRA) audit and compliance powers. The additional powers could be vital for enhancing tax collection and curbing GST/HST fraud, including Carousel fraud, which exploits cross-border trade to falsely claim Input Tax Credits (ITC), and Accommodation Invoice fraud, involving bogus invoices for fictitious transactions.
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November 21, 2024
Tribunal to continue anti-dumping orders on foreign steel sheets, pea protein
The Canadian International Trade Tribunal has found injury to the economy from the expiry of an order on corrosion-resistant steel sheets from China, Taiwan, India and Korea and from certain pea protein from China.
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November 21, 2024
Federal government announces 2-month GST ‘holiday’ and new rebate for workers
The federal government has announced new measures to give Canadians “more money in their pocket” through new GST/HST exemptions applicable across the country and a new rebate for working Canadians.
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November 21, 2024
OSFI quarterly release confirms change to mortgage stress test, offers risk-management updates
Canada’s federal banking regulator has issued a series of regulatory notes and guidelines on risk management, mortgage standards and reduced regulations as part of its quarterly release pilot.
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November 21, 2024
SCC judges will meet with local bar/bench, law students in Victoria next year
Canada’s top judges will meet, and take questions from, the bar, bench, public and law students in Victoria next February as part of their planned cross-country visits in 2025 to mark the Supreme Court of Canada’s 150th anniversary.
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November 21, 2024
Former judge joins KPMG Law as Of Counsel
A recent news release from KPMG Law LLP announced the addition of Patrick J. Boyle as bilingual Of Counsel in the firm’s tax law and tax litigation & dispute resolution practices.
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November 21, 2024
Ontario announces $2B WSIB rebate for businesses
The Ontario government has announced Workplace Safety and Insurance Board (WSIB) rebates and fee reductions for businesses and workers that it says could total more than $2.5 billion starting in February of next year.
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November 20, 2024
Why Saskatchewan court denied additional compensation for assaulted driver
Martin Luther King, Jr. said, “A right delayed is a right denied.” It is likely Munir Ahmad Malik would agree.
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November 19, 2024
Public has low confidence in criminal courts; believes politics influences SCC appointments: poll
If public confidence is a litmus test for the health of the justice system, a new national poll suggests Canada’s courts have room to improve.