Foreign Asset Reporting in Canada: A Guide to CRA Compliance for Specified Foreign Property Over $100,000 by Alina V. Nikolaeva Canadians must provide informational returns to Canada Revenue Agency (“CRA”)...
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A remission order is an order made by the Federal government under the Financial Administration Act. The order reduces or cancels any tax (including any interest) or penalty that a...
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The Canada Revenue Agency (the “CRA”) has the power to waive penalties and interest. Subsection 220(3.1) of the Income Tax Act and section 281.1 of the Excise Tax Act grant...
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Filing an Objection with Revenue Canada Agency You can file an objection if you think the Canada Revenue Agency (CRA) misinterpreted the facts of your tax situation or applied the...
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The Canada Revenue Agency (CRA) will only accept one return per tax year. Once you have filed your T1 return, you can’t file a new one. But you…
Estate Planning Tools - Trusts Testamentary and life interests Trusts Previous posts discussed wills and joint tenancy as they are used for estate planning. This post is about trusts. There...
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ESTATE PLANING TOOLS - III Testamentary and life interests Trusts Previous posts discussed wills and joint tenancy as they are used for estate planning. This post is about trusts. There...
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ESTATE PLANING TOOLS - II Previous post discussed wills, which are the basic tool and should be in place for all estates if for nothing else then to appoint the...
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ESTATE PLANING TOOLS - II Previous post discussed wills, which are the basic tool and should be in place for all estates if for nothing else then to appoint the...
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MANAGING AFFAIRS OF THE ADULTS Power of Attorney The purposes of the Power of Attorney (“POA”) are usually limited to making financial decisions on behalf of the grantor. The POA...
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