DECEASED RRSP TRANSFER TO SPOUSE: ESTATE TAX NOT AVOIDED ON A TECHNICALITY

Tuesday, March 24th, 2015

A couple of years ago, a fellow blogger wrote about the tax reporting and liability technicalities surrounding the transfer of RRSP’s on death to a spouse. As he wrote, the general rule is that upon death, the annuitant is deemed to have received the fair market value of the assets in ...

The CRA and Service Complaints

Thursday, March 5th, 2015

Recently, I was asked to intervene on behalf on a taxpayer who appeared to be given a pretty rough ride by the Canada Revenue Agency (“CRA”). He and his incorporated business were audited by CRA. The auditor concluded (erroneously as it turns out subsequently) that there were unreported sales and ...

Failure to withhold

Wednesday, February 25th, 2015

The Canada Revenue Agency recently commented on whether an employer is liable for the amounts that should have been withheld, and, where the employer is a corporation, if the directors are also liable. The CRA comments are relevant to a trust where the trust is an employer. Other commentators in ...