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Monthly Archives: November 2007
Non-competes
Yesterday, I spoke about the new rules for non-competes at an HLA-sponsored seminar. Frankly, my speaking notes aren’t as clear as I would like them to be, even allowing for the fact that the new rules are (needlessly) complex. I … Continue reading
Posted in Miscellaneous
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News releases
The CRA issued a couple of news releases yesterday. One of them warned about RSP “scams”, and the other announced that the CRA had issued a notice of suspension to ‘International Charity Association Network.’ The Department of Finance announced today … Continue reading
Estate litigation
From Bleak House: Jarndyce and Jarndyce drones on. This scarecrow of a suit has, in course of time, become so complicated that no man alive knows what it means. The parties to it understand it least, but it has been … Continue reading
Posted in Miscellaneous
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Goodies
Here come the goodies. From the Finance website: The Honourable Jim Flaherty, Minister of Finance, today tabled in the House of Commons the Budget and Economic Statement Implementation Act to effect the $60 billion of broad-based tax relief proposed in … Continue reading
Posted in Legislation
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More donation warnings
The CRA is embarking on a media campaign to warn taxpayers about fraudulent charities and donation tax shelters. The CRA is cranking up its campaign on this issue, as I have noted previously. For more background, see my posts here … Continue reading
Posted in CRA News
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NWMM
The Minister of Finance released today a notice of ways and means motion to implement aspects of the March, 2007 budget. Frankly, it’s a bag of goodies for taxpayers. (But I am grateful that this latest release no where uses … Continue reading
Posted in Legislation
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The Long Arm of Section 160
The following article on section 160 of the Income Tax Act (Canada) appeared in the latest edition of the Hamilton Law Association Law Journal. It is an expanded version of one of my posts from August. Section 160 of the … Continue reading
Posted in Cases, Miscellaneous
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VDP news
A couple of weeks ago, the CRA issued the new version of its information circular on voluntary disclosures (IC00-1R2). See also the form for a VD “taxpayer agreement“.
Posted in CRA News
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GST transitional rules
The federal government, in its “economic update” of October 30, 2007, proposed to reduce the GST rate from 6% to 5%. The reduction will be effective January 1, 2008. The transitional rules and associated changes “in general [...] are the … Continue reading
Posted in Legislation
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