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Keyword: Tax avoidance

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Interior view of the Canada Commons of Parliament

Officials have no room to distinguish between cases driven by aggressive tax planning and those involving legitimate uncertainty


Banque Pictet to pay US$122.9 million in deferred prosecution deal


Proposed legislation extends reassessment period

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The Federation of Law Societies of Canada argued that the new regime violates the Charter of Rights and Freedoms

Female tax inspector looking at corporate financial documents with magnifying glass

Tax lawyers express concerns about overreach as Ottawa proposes to revamp the general anti-avoidance rule

Tax inspection

Expanded reporting regime is intended to help the CRA fight aggressive tax planning

Exterior of CRA headquarters building

Advisors will need to consider whether to report transactions even if they're not required to

CRA signage

Financial advisors may need to report more things to the Canada Revenue Agency

advisor client meeting

Half of Canadians with gig jobs would risk not reporting their full earnings to CRA

  • By: IE Staff
  • March 2, 2023 March 2, 2023
  • 13:54

New rules lower the bar for reporting aggressive tax-planning techniques