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More Reasons to Abandon the HST (originally on Lawyer’s Daily)

April 9, 2019
DaleBarret
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By Dale Barrett – Managing Lawyer at Barrett Tax Law and Tax Columnist at the Lawyer’s Daily. Originally published by the Lawyer’s Daily. In my first article in this series, I expressed the opinion that the entire Harmonized Sales Tax system and its legal framework are fundamentally flawed. I outlined four of the nine problems […]

April 9, 2019
DaleBarret
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By Dale Barrett – Managing Lawyer at Barrett Tax Law and Tax Columnist at the Lawyer’s Daily. Originally published by the Lawyer’s Daily. According to the 2008 federal budget, the Harmonized Sales Tax (HST) was claimed by the federal government to be “the single most important step provinces with retail sales taxes could take to […]

April 8, 2019
DaleBarret
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By Dale Barrett – Managing Lawyer at Barrett Tax Law and Tax Columnist at the Lawyer’s Daily. Originally published by the Lawyer’s Daily. In any self-reporting or honour system like we have in Canadian taxation, there must be a means by which the state can verify the correctness of information provided. Enter the tax audit […]

April 8, 2019
DaleBarret
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Dale Barrett – Managing Partner of Barrett Tax Law This article was originally published by The Lawyer’s Daily, part of LexisNexis Canada Inc. Although not an actual law as it is in the United States, the Taxpayer “Bill of Rights” sets out sixteen rights, eight of which are within the mandate of the Taxpayers’ Ombudsman’s […]

August 3, 2018
andrew
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Beware The Net Worth Audit (re-published from TheGaap.net) August 1, 2018 Dale Barrett Managing Partner Barrett Tax Law Arguably, the cheapest, fastest, and dirtiest way in which the CRA can audit a taxpayer is by employing the “net worth” method. It throws all principals of good audit practice to the wind and allows the […]

June 18, 2018
andrew
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June 18, 2018 By Vivian Esper Tax Lawyer Barrett Tax Law 1-866-278-8424 416-907-8429 TAXATION OF A PARTNERSHIP – THE BASICS The Canadian common law of all provinces defines a partnership as the relation that subsists between or amongst persons carrying on a business in common with a view of profit. Subsection 102(1) of the Income […]

April 24, 2018
andrew
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On September 6, 2017, the Tax Court released its decision of AON Inc. v. Canada 2015-1043 (IT) G ruling on the issue of classification of expenditures (current vs. capital). The Honourable Justice Gaston Jorre confirmed the established legal test used to determine the nature of the expenditures. In summary, Justice Jorre confirmed “enduring benefit” (most […]

April 24, 2018
andrew
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On August 31, 2017, the Tax Court of Canada released a judgment Chiang v. The Queen (2016-2715(IT)I where Sommerfeldt J. canceled late filing penalties under section 204.3 and section 162(1) of the ITA.In brief, the appellant, Mr. Chaing, over-contributed to his RRSPs during the period from 2004 through 2013 taxation years. The minister assessed the […]

March 12, 2018
barrettadmin
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March 12, 2018 By Dale Barrett Managing Partner Barrett Tax Law 1-866-278-8424 416-907-8429 Cryptocurrency Profits in Canada: Capital Gains vs. Business Income I am asked all the time whether somebody has to pay capital gains tax on their cryptocurrency gains or whether they have to pay business tax. The answer invariably, is “it depends.” It […]

January 13, 2018
barrettadmin
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January 13, 2018 By Dale Barrett Managing Partner Barrett Tax Law 1-866-278-8424 416-907-8429 So, after investing in Bitcoin and Ethereum, the North Koreans hacked one of your cryptocurrency exchanges and you lost a Bitcoin after it had hit $20,000 USD (and you bought the Bitcoin for $1.00). Now what? Nobody can help you get it […]

More Reasons to Abandon the HST (originally on Lawyer’s Daily)

HST Hurts Economy and Should be Abandoned (originally on Lawyer’s Daily)

CRA Auditors Less Concerned with Correctness than with the Size of Reassessments (originally on Lawyer’s Daily)

Ombudsman Not Protecting Rights of Taxpayers (originally on Lawyer’s Daily)

Beware The Net Worth Audit

Taxation of a Partnership – The Basics

AON Inc. – Current vs. Capital Expenditures

Late Filing Penalties for RRSP Over-Contribution Canceled by Tax Court

Cryptocurrency Profits in Canada: Capital Gains vs. Business Income

Tax Treatment of Cryptocurrency Theft and Loss

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