Tax avoidance – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Fri, 08 Dec 2023 20:05:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Tax avoidance – Investment Executive https://www.investmentexecutive.com 32 32 New penalty remains as GAAR legislation tabled https://www.investmentexecutive.com/news/industry-news/new-penalty-remains-as-gaar-legislation-tabled/ Fri, 08 Dec 2023 20:05:52 +0000 https://www.investmentexecutive.com/?p=477018 Officials have no room to distinguish between cases driven by aggressive tax planning and those involving legitimate uncertainty

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]]> Swiss bank settles U.S. tax evasion charges https://www.investmentexecutive.com/news/from-the-regulators/swiss-bank-settles-u-s-tax-evasion-charges/ Tue, 05 Dec 2023 17:33:19 +0000 https://www.investmentexecutive.com/?p=476603 Banque Pictet to pay US$122.9 million in deferred prosecution deal

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]]> CRA’s 10% interest rate on overdue tax raises risks https://www.investmentexecutive.com/news/from-the-regulators/cras-10-interest-rate-on-overdue-tax-raises-risks/ Mon, 13 Nov 2023 05:09:00 +0000 https://www.investmentexecutive.com/?p=474692 Proposed legislation extends reassessment period

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]]> Lawyers temporarily exempted from CRA’s mandatory disclosure requirements https://www.investmentexecutive.com/news/industry-news/lawyers-temporarily-exempted-from-cras-mandatory-disclosure-requirements/ Fri, 15 Sep 2023 16:41:03 +0000 https://www.investmentexecutive.com/?p=471713 The Federation of Law Societies of Canada argued that the new regime violates the Charter of Rights and Freedoms

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]]> Updated tax-avoidance proposals include new penalty https://www.investmentexecutive.com/news/industry-news/updated-tax-avoidance-proposals-include-new-penalty/ Tue, 12 Sep 2023 10:00:06 +0000 https://www.investmentexecutive.com/?p=471348 Tax lawyers express concerns about overreach as Ottawa proposes to revamp the general anti-avoidance rule

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]]> CRA releases revised form for mandatory tax disclosures https://www.investmentexecutive.com/news/from-the-regulators/cra-releases-revised-form-for-mandatory-tax-disclosures/ Thu, 27 Jul 2023 21:16:37 +0000 https://www.investmentexecutive.com/?p=469369 Expanded reporting regime is intended to help the CRA fight aggressive tax planning

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]]> Updated GAAR guidance could boost reporting under expanded mandatory disclosure rules https://www.investmentexecutive.com/news/industry-news/updated-gaar-guidance-could-boost-reporting-under-expanded-mandatory-disclosure-rules/ Wed, 12 Jul 2023 14:44:06 +0000 https://www.investmentexecutive.com/?p=468630 Advisors will need to consider whether to report transactions even if they're not required to

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]]> Expanded rules for mandatory tax disclosures are now law https://www.investmentexecutive.com/news/industry-news/expanded-rules-for-mandatory-tax-disclosures-are-now-law/ Fri, 23 Jun 2023 14:14:21 +0000 https://www.investmentexecutive.com/?p=467883 Financial advisors may need to report more things to the Canada Revenue Agency

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]]> Remind clients to declare side-hustle income https://www.investmentexecutive.com/news/industry-news/remind-clients-to-declare-side-hustle-income/ Thu, 02 Mar 2023 18:54:55 +0000 https://www.investmentexecutive.com/?p=461353 Half of Canadians with gig jobs would risk not reporting their full earnings to CRA

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]]> Advisors could be caught in CRA’s expanded mandatory disclosure net https://www.investmentexecutive.com/newspaper_/news-newspaper/advisors-could-be-caught-in-cras-expanded-mandatory-disclosure-net/ Mon, 24 Oct 2022 13:00:01 +0000 https://www.investmentexecutive.com/?p=453986 New rules lower the bar for reporting aggressive tax-planning techniques

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