by Jeff KirshenOnlyfans Audits
Recently, the CRA has started to pursue onlyfans audits. These days it is becoming more and more common for the average person to engage in self-emplo...
by Jeff KirshenServer Tips, EI and CPP Contributions
On August 31, 2022, the Federal Court of Appeal (the “FCA”) released its decision in Ristorante A Mono Limited vs the Minister of National Revenue...
by Jeff KirshenCanadian Foreign Affiliates, FAPI, and Upcoming Legislative Changes
On August 9, 2022, Canada’s Ministry of Finance released details of proposed changes to the Income Tax Act (“ITA”), many of which are dr...
by Jeff KirshenNew Rules for Principal Residences Sold Within One Year
On April 7th, 2022, the Federal government proposed “anti-flipping” rules to house sales within 12 months. Prior to this, many individuals bought ...
by Jeff KirshenReal Estate Assignment Sales – New Tax Rules
The Federal Budget for 2022 has made amendments to Part IX of the Excise Tax Act (“ETA”). Effective May 7, 2022, all assignment sales in respect o...
by Jeff KirshenCanada vs. Collins Family Trust – An Overview
The Supreme Court of Canada released its decision in Canada (Attorney General) v Collins Family Trust (Collins) on June 17, 2022. The Court held that...
by Jeff KirshenHow Does the Canada Revenue Agency Find Unreported Income?
The Canadian tax system operates as a self-reporting system. Each taxpayer is responsible for reporting their total income, deductions and credits cla...
by Jeff KirshenAn Update to the Non-Resident Speculation Tax
We previously wrote about the Non-Resident Speculation Tax (NRST), explaining what it is, what it is applied to, and any refunds or rebates that may b...
by Jeff KirshenCanada’s Luxury Goods Tax
On August 10, 2021, the Government of Canada announced that it would be introducing a new tax on Select Luxury Goods (also known as the Luxury Tax), w...
by Jeff Kirshen