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Canada News - Business, Taxation & Offshore




Canada Cracking Down On Real Estate Tax Evasion

by Mike Godfrey, Tax-news.com, Washington

Tuesday, June 20, 2017

The Canada Revenue Agency has said that audits it undertook between April 2015 and March 2017 of real estate transactions resulted in more than CAD329.4m (USD249.2m) in assessed income that had not been reported.Read Full Story

 

Canadian FMs Discuss Taxation Of Cannabis

by Mike Godfrey, Tax-news.com, Washington

Tuesday, June 20, 2017

Canada's federal, provincial, and territorial finance ministers have discussed the tax regime that will enter into force when recreational cannabis is legalized in July 2018.Read Full Story

 

 

Canadian MPs Recommend Changes To Media Taxation

by Mike Godfrey, Tax-news.com, Washington

Friday, June 16, 2017

The Canadian Parliament's Heritage committee has called for a five percent levy on broadband internet services, but Prime Minister Justin Trudeau has said he will not increase taxes on the middle classes.Read Full Story

 

Canada, UK Cooperate In Anti-VAT Fraud Sting

by Mike Godfrey, Tax-news.com, Washington

Wednesday, June 14, 2017

The Canada Revenue Agency has announced that investigators from Canada and the UK carried out a number of searches on June 13 in connection with an alleged tax fraud scheme. Read Full Story

 

 

OECD Seeks Taxpayer Input On BEPS Action 14 Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 12, 2017

The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the third batch of countries that will now be peer reviewed under Action 14 of the OECD's base erosion and profit shifting Action Plan: the Czech Republic, Denmark, Finland, Korea, Norway, Poland, Singapore, and Spain.Read Full Story

 

Canada To Amend Voluntary Disclosure Program

by Mike Godfrey, Tax-news.com, Washington

Monday, June 12, 2017

The Canadian Government has announced a consultation on proposed changes to the Voluntary Disclosures Program that will narrow the eligibility criteria and make the regime less generous. Read Full Story