Photo by Sora Shimazaki
Jumping on the Airbnb Bandwagon Comes with GST/HST
A corporation purchased a condo as an investment property. For the first 9 years, it rented the condo under long-term leases. However, for the last 14 months, it offered the condo through the Airbnb platform under short-term leases. The corporation was later assessed by the CRA for failing to collect the GST/HST on the sale of the condo.
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The New Residential Rental Property Rebate – When Do We Start Counting for the One-Year Occupancy Requirement?
Under the relevant provisions of the Excise Tax Act, when a person purchases a new residential complex with the intention of renting it, he is entitled to a rebate, commonly referred to as the “GST/HST New Residential Rental Property Rebate”.
Applicability of GST on the Sale of a New House (for Non-Builders and Builders)
In a recent decision of the Tax Court of Canada (“TCC”), the Court dismissed the taxpayer’s appeal of a GST assessment for uncollected GST on the sale of a new house.
Can Break Fees “Reasonably Be Considered” to Have Been Received as an Inducement? (Revisited)
The Federal Court of Appeal (“FCA”) recently released a judgment[1] dealing with the tax treatment of “commitment fees” and “non-completion fees” (also known as “break fees”). The style of cause refers to Glencore Canada Corporation (“Glencore”). Glencore is a successor to Falconbridge Limited (“Falconbridge”).
Alternative Basis or Argument, But Within Limits
When an appeal is instituted before the Tax Court of Canada, the Crown is not limited to the position the Canada Revenue Agency (“CRA”) took in support of the assessment.
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You Have to Attend Your Own Appeal
A recent decision of the Tax Court of Canada deals with the situation of a husband who transferred money to his wife while having an outstanding tax debt balance. The CRA therefore went after the wife (the appellant in this case) to claim that money back.
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Les demandes faites dans le cadre du Programme des divulgations volontaires sont une course contre le temps
La contribuable dans un récent jugement a immigré au Canada en 1974. Lorsqu’elle est venue, elle détenait déjà des actifs en Suisse. Elle n’a jamais déclaré ces actifs ni les revenus générés par ces actifs. Lors d’un voyage en Europe, alors qu’elle traversait la frontière franco-suisse le 18 juillet 2014, les autorités françaises ont découvert des relevés d’une banque suisse dans sa voiture.
Shopify: Expect Tighter Enforcement Going Forward
The Canada Revenue Agency disposes of a wide range of powers to gather information and compel the production of documents. In most cases, those powers are exercised in the context of an audit where the identity of the taxpayer is known.
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Les méthodes indirectes de vérification dont disposent l’ARC et Revenu Québec
L’administration du régime fiscal au Canada est fondée sur l’autocotisation par les contribuables, mais renforcée par les vérifications des autorités fiscales afin de s’assurer de l’exactitude des montants déclarés. La confiance que le gouvernement nous accorde doit donc pouvoir être validée.
Input Tax Credits: “Supporting Documentation” Need Not Always Be Issued or Signed by the Supplier
GST registrants can claim input tax credits (“ITCs”) on purchases made in the course of their commercial activities. These ITCs can be used to offset the GST that they are required to collect and remit. In situations where the ITCs exceed the GST collected, registrants are entitled to a net tax refund.