Canada: Tax Authorities

When Canadian companies face reassessments abroad, the question quickly arises: can interest paid on overdue foreign taxes be deducted at home?

The Canada Revenue Agency (the "CRA") continues to scrutinize business expenses claimed by taxpayers, particularly where business losses are involved.

Dans un souci de rendre le Programme des divulgations volontaires (le « PDV ») plus attrayant...

Ontario's six-month interest and penalty relief for businesses ends October 1, 2025. Pay outstanding provincial taxes to avoid penalties.

The U.S. recently enacted the One Big Beautiful Bill (OBBB), a major tax reform affecting individuals and corporations. While primarily U.S.-focused, the legislation has important consequences for Canadians with U.S. income, investments, or business operations.

Couture v Canada (Revenue Agency), 2024 FC 1283 is a case that involves an application for judicial review of a CRA decision related to the Applicant's eligibility for the Canada Recovery Benefit (CRB).

Between January 1, 2024 and December 31, 2026, business owners can access significant tax benefits when selling a qualifying business to an employee ownership trust ("EOT") pursuant to a transaction that constitutes a qualifying business transfer. Among other benefits, eligible vendors are entitled to receive a shared pool of up to $10 million in capital gains deductions (the "EOT Deduction").

On September 10, 2025, the CRA released new circular IC00-1R7 and updated its GST/HST Memorandum 16-5-1 for its Voluntary Disclosures Program (VDP) that will apply to VDP applications...

Dans sa décision récente Bank of Montreal v The King, la Cour canadienne de l'impôt a refusé que des intérêts payables aux autorités fiscales américaines...