Tax
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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.
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April 25, 2024
Canada imposes more sanctions on Iran after Iran’s missile and drone attacks on Israel this month
Canada has imposed dealings bans and entry prohibitions against Iran and two senior Iranian military members under the Special Economic Measures (Iran) Regulations, following Iran’s recent missile and drone attacks on Israel.
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April 23, 2024
N.S. gets new justice minister amid comments controversy
Nova Scotia has a new justice minister following the sudden resignation of Brad Johns, who stepped down after making controversial comments about domestic violence.
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April 23, 2024
Tax tips for Canadian entrepreneurs and startup companies
Embarking on a new business endeavour is an exciting venture, yet it carries a myriad of responsibilities, particularly in the realm of tax management. Understanding the nuances of the Canadian tax landscape is of paramount importance for new businesses and entrepreneurs given its profound influence on the financial well-being and prosperity of a business. This article will explore tax planning strategies tailored to new Canadian businesses, exploring the various types of business structures as well as leveraging startup tax credits.
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April 23, 2024
Federal budget fails to address immigration shortcomings | Sergio R. Karas
Last week, Finance Minister Chrystia Freeland unveiled Canada’s 2024 Budget, which proposes a whopping $52.9 billion in federal spending. Of particular concern are the $743.5 million over five years, along with an ongoing $159.5 million, earmarked for Immigration, Refugees and Citizenship Canada (IRCC), the Canada Border Services Agency (CBSA) and the Immigration and Refugee Board (IRB) to tackle challenges within the backlogged refugee system. While this is an area of concern, the budget is unclear on how these significant expenditures will be utilized to resolve many pressing issues in those departments.
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April 22, 2024
SCC’s spring session features weighty constitutional & admin law appeals but case volume is light
Constitutional and administrative law cases dominate at the Supreme Court of Canada this spring, with the handful of appeals to be heard involving class actions, standard of review, the honour of the Crown and the right to vote.
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April 22, 2024
CBSA announces delay in launch of new trade management system
A potential strike by Canada Border Services Agency (CBSA) workers will delay the launch of its CBSA Assessment and Revenue Management (CARM) system, according to an agency update.