April 27, 2015 – Augusta Dwyer from The Globe and Mail wrote an informative piece on What to do if they CRA comes calling. Mr. Barrett suggests meeting with CRA staff in a neutral atmosphere free of details about the business owner’s personal life, such as vacation photos. “Put them in a room where they […]

April 27, 2015 – Diane Jermyn from The Globe and Mail wrote a helpful article “Tax advice for entrepreneurs, no strings attached.” Barrett Tax Law: This Toronto-based business offers a toll-free number throughout Canada (1-877-8-TAX-TAX) where small business owners, the self-employed and taxpayers can schedule a free, one-time consultation with either a tax lawyer or […]

April 24, 2015 – Andrew Seale from Yahoo Finance wrote a riveting article on whether or not the CRA can use your social media accounts against you. Of course, technically and ethically, they should start by looking at your books and records to determine how much you’re making and spending, says Dale Barrett, a Toronto-based […]

April 18, 2015: Brian McCullough from National Post wrote a very informative article “Be Prepared When Canada Revenue Agency Comes Calling” Tax lawyer Dale Barrett has one simple question for small-business owners and self-employed people who run afoul of the Canada Revenue Agency: Can you really afford to go up against the CRA alone? Barrett, […]

Many Canadians who own property in Florida are inadvertently bound by Florida probate law. This means that upon the death of a Canadian or nonresident, if real property was owned and located in Florida, ancillary probate is required by Florida State Law despite having a will stating otherwise. The result is often cumbersome, dealing with […]

The Lifetime Capital Gains Exemption is a tax planning technique that is available to business owners who are selling shares of their private companies. This is an economic incentive to help raise the level of investment in small businesses, however, not everyone meets the criteria necessary to qualify for this exemption. In order to qualify […]

Form T1135 – Foreign Income Verification Statement Are you a Canadian resident who is an individual, corporation, partnership, or trust? If so, you are required to report holdings of Specified Foreign Property that, collectively, costs $100,000 or more at any time during that given year. Specific Foreign Property can consist of a number of different […]

If a taxpayer does not agree with an assessment from the Canada Revenue Agency (“CRA”), there are a number of avenues the taxpayer may explore to dispute the assessment. Once an assessment is in dispute, the taxpayer usually does not have to pay the amount in dispute until a conclusion has been reached and the […]

With the growth of technology has come an increase with ways in which scammers can reach victims. Within the past few weeks we have been made aware of an email that has been going around claiming that they are the Canada Revenue Agency (the “CRA”). If you have received an email that is similar to […]

Canadians are always surprised to learn that an illegal business must pay tax on its income. Be it drugs, prostitution, theft, etc., the Canada Revenue Agency (the “CRA”) still wants their cut. If a taxpayer is caught committing a criminal act they will obviously be brought before the Courts on a criminal matter. What taxpayers […]