By: Boris Stanislav, Associate and Felix Wu, Associate , Farber Tax Law
The COVID-19 pandemic has undoubtedly had a considerable impact on the international tax regime with regard to tax regency. Canada’s test for tax residency primarily revolves around either a calculation of days (i.e. sojourning) or through residential ties. In consideration of our new realities, the CRA released and continues to update its guide to international income tax issues.
By: Selena Ing, Associate and Milosz Zak, Associate, Farber Tax Law
Since the start of the pandemic in mid-March of 2020, Canadians have benefited from a series of Federal Government programs to lessen the impact of the economic slowdown caused by COVID-19. so much so that it is easy to forget about the Canada Revenue Agency’s (the “CRA”) existing taxpayer relief program.
By Milosz Zak, Associate, and Boris Stanislav, Associate, Farber Tax Law
On December 12, 2019, the Tax Court of Canada introduced “Practice Note No. 23: Preliminary Ruling Docket Procedure” – a pilot project intended to provide parties with a non-binding opinion of a Tax Court judge. The Tax Court heavily circumscribed what kinds of appeals may be eligible for the Preliminary Ruling Docket.
By Selena Ing, Associate and Felix Wu, Associate, Farber Tax Law
The Federal Government instituted the Canada Emergency Response Benefit (the “CERB”) to provide temporary financial support to workers who have stopped working as a result of COVID-19. However, the CRA will likely be reviewing the returns of CERB recipients and asking those who weren’t qualified to repay the amounts received with interest and, in some cases, penalties.
By Felix Wu, Associate and Andy Yip, Articling Student, Farber Tax Law
Under Canada’s self-reporting tax system, taxpayers often assume that they are required to submit tax returns only when they earn income. However, it is important to note that unique circumstances may given rise to obligations in reporting and in tax even when an individual is a payer.