This judgment deals with GAAR. The Federal Court of Appeal reversed the decision of the Tax Court of Canada which had previously allowed the appeal by Deans Knight Income Corporation (“Forbes”) on the basis that GAAR did not apply.
Taxpayers Have the Burden to Demonstrate That a Tax Assessment Is Incorrect by Precise and Probable Proof
Unidisc musique inc. (“Unidisc”) is a company that sells music records. In the normal course of its business, it purchases master tapes of recordings of music (“master records”) in order to make copies of good quality for resale.
SR&ED, a Tale of Two Cases
6398316 claimed expenditures incurred in connection with the construction of a house intended to be “uniquely energy efficient” while staying within the price range of a “regular home”.
La France peut demander à l’ARC de recueillir des renseignements et documents de fiducies canadiennes malgré l’absence de nexus
Ce litige concerne des demandes de renseignements faites par la France et visant des fiducies dont Blue Bridge était fiduciaire. La France a fait les demandes en vertu de l’article 26 de la Convention entre le Canada et la France tendant à éviter les doubles impositions et à prévenir l’évasion fiscale en matière d’impôts sur le revenu et sur la fortune (« Convention »).
The CRA Is Targeting Cryptocurrencies
There’s a lot of interest for cryptocurrencies. Bitcoin (BTC) and Ethereum (ETH) are the two most popular cryptocurrencies, but there are many more making their way up and gaining traction. Trading cryptocurrencies can be very rewarding if you entered the market early or if you purchased a cryptocurrency before a big rally.