Monthly Archives: March 2007

Lipson appeal

Posted on March 30, 2007 by John Loukidelis

The Federal Court of Appeal, in Lipson v. The Queen, 2007 FCA 113, has dismissed the taxpayer’s appeal. Lipson was a GAAR decision of Chief Justice Bowman of the Tax Court.

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Badges

Posted on March 29, 2007 by John Loukidelis

Dobbs: “If you’re the police, where are your badges?” Gold Hat the Bandit: “Badges!? We ain’t got no badges. We don’t need no badges! I don’t have to show you any stinking badges!!” —The Treasure of the Sierra Madre That … Continue reading →

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Children's Fitness Tax Credit

Posted on March 28, 2007 by John Loukidelis

We have received a few inquiries from interested parents and athletic organizations asking for information about the new children’s fitness tax credit. The CRA has published some useful information for parents and organizations on its website.

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Partnership reporting changes, again

Posted on March 27, 2007 by John Loukidelis

David Bazar was kind enough to point out that, in fact, the CRA has delayed the implementation of the administrative change noted in my last post. Please see the CRA notice here.

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Partnership reporting changes

Posted on March 27, 2007 by John Loukidelis

The Golden Horseshoe Tax Study Group met yesterday. Kathryn Smith pointed out to the group that the CRA has changed its administrative policy on the reporting required of a partnership.

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Property

Posted on March 23, 2007 by John Loukidelis

Every now and then a taxpayer proposes to transfer an intangible “something” to a corporation for valuable consideration. The taxpayer, or his or her advisers, would do well to read Tri Pacific Gas Corporation v. Canada, 2007 FCA 38, before … Continue reading →

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Budget news

Posted on March 19, 2007 by John Loukidelis

The CBC has a good quick summary of the federal budget.

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CRA service update

Posted on March 8, 2007 by John Loukidelis

The CRA’s latest press release on its service problems can be found here.

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Latest news on efile

Posted on March 7, 2007 by John Loukidelis

The CBC has the latest news on the CRA’s efile problems. The CRA has provided more detail in a “fact sheet“.

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CRA suspends online service

Posted on March 6, 2007 by John Loukidelis

The CRA has suspended online service for individuals—including e-filing—until further notice, apparently “to safeguard existing systems and to maintain the integrity of CRA’s taxpayer information holdings”. The full news release is here.

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