Tax Court of Canada Update The tax court does not know when it will open. The earliest they will know will be sometime in June. It will be 90 days from knowing to actually restarting court cases. The first date that they may know when they can restart is May 24th. Motions will be heard …
The first thing you need to do is have all your payroll data accessible If you cannot sort your payroll data by employee, dates and amounts you need – this must be set up. If you are using a commercial payroll program you may not have access to the data that you want. There is …
Tips for preparing a CEWS Claim The second claim period for the CEWS ended on May 9. The wage subsidy program was rolled out quickly and an electronic working paper download was provided to professionals and business owners to assist in preparing correct claims. Since many business owners have had additional planning time on their …
Supreme Court of Canada rules derivatives contract to be a hedge in the tax case of James MacDonald vs The Queen. The Supreme Court of Canada (SCC) has dismissed an appeal in the case of a taxpayer who argued that payments of approximately $10 million he made as part of a derivatives contract were losses …
It has been more than one moon phase since the effects of COVID-19 began to take their toll on individuals and businesses. As the weeks wear on, the realities of change are beginning to sink in. The COVID crisis has wiped out or wounded business cash flows. Certain business operations have had to bear the …
Access to Information under the Access to Information Program (aka ATIP). The access to information program is a marvelous vehicle that can be used to hold CRA accountable to their behaviour. Right now you have to put in a written request, however there is a movement to have all government information kept on citizens to …