Canada Revenue Agency – Page 2

Beware The Net Worth Audit

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 […]

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 […]

May 12, 2016
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Income Tax Act Subsection 74.5(2) Income Tax Regulations Subsection 4301(c) Income splitting is an attempt by one taxpayer to send taxable income to another taxpayer in a lower bracket. Typically this is done by splitting income between family members. Income splitting through loans is where a taxpayer loans funds to the lower-income son, daughter, mother, […]

April 8, 2016
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For most understanding tax matters can be a brain-numbing experience. With the recent stories of the Panama papers, it may be a challenge to truly comprehend what this international tax scandal is really about, why it affects Canada, and how the Canada Revenue Agency (“CRA”) is getting involved. Here’s some background: The Panama Papers were […]

March 3, 2016
barrettadmin
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The Canadian dollar has dropped more than 25% since only a short while ago when it was on par with the US dollar. As a result, not only has the cost of living increased dramatically, but also costs for those visiting the United States have skyrocketed. The depressed loonie provides a nice opportunity to cash-out […]

Beware The Net Worth Audit

Tax Treatment of Cryptocurrency Theft and Loss

Income Splitting Through Loans

Hey Mr. Putin and Mr. Signumdur … We can help you with your Panama Papers tax problems

The Forgotten Tax: Withdrawing from US Dollar Accounts

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Beware The Net Worth Audit

Tax Treatment of Cryptocurrency Theft and Loss

Income Splitting Through Loans

Hey Mr. Putin and Mr. Signumdur … We can help you with your Panama Papers tax problems

The Forgotten Tax: Withdrawing from US Dollar Accounts

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