The Internal Revenue Service ( the “IRS”) is stepping up its enforcement efforts on cryptocurrency tax reporting by targeting people who hold, trade, or use
How to become a digital nomad and start living the laptop lifestyle
Since the COVID pandemic, over 25 countries now offer “digital nomad “ visas which permit foreigners to live there, and work or study remotely, while
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OSC goes after unregistered crypto trading platforms
In March of 2021 the Ontario Securities Commission issued a warning that all crypto asset trading platforms that offer trading to Ontario residents must register
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CRA revokes tax amnesty for taxpayer who didn’t make full disclosure
In the recent case of Grewal v. Canada, the Canada Revenue Agency imposed gross negligence penalties after they had already accepted the taxpayer’s Voluntary Disclosure
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Two reasons why you should pay your tax bill even if you are appealing it
When you appeal a tax assessment or re-assessment from the Canada Revenue Agency, interest is still being accumulated on the assessed amount. The prescribed annual
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How to speed up your tax appeal
If you disagree with your tax assessment or re-assessment from the Canada Revenue Agency, you can appeal the assessment by filing a Notice of Objection
Tax Court finds that a quick sale of a residential property was not made by a “builder” for GST/ HST purposes
Click here to get a free online assessment of your case The case of Wang v The Queen is an interesting case where the Tax
How Can the CRA Find Me?
In previous posts when I’ve written about tax amnesty, I’ve received some comments from readers saying that I don’t know what I’m talking about because
Federal Budget Targets Foreign Residential Property Buyers
The Canadian Government’s 2022 Budget proposes a two-year ban on residential property purchases by foreign companies and individuals who are not Canadian citizens or permanent
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Federal Budget Goes After Property Flippers
The Federal Government’s 2022 budget proposes to target property flippers to endure they are fully taxed on profits. Specifically, any person who sells a property