TAX ON SPLIT INCOME
Rules concerning tax on split income (“TOSI”) have existed since 1999. These rules previously prevented the allocation of certain dividends and capital gains to individuals under the age of 18 by subjecting such amounts to the…
CRYPTOCURRENCIES
By Kevin Walsh. Since 2017, there has been a dramatic rise in cryptocurrency transactions such as Bitcoin and other blockchain-based cryptocurrencies. The CRA continues to consider cryptocurrencies to be property for Canadian income tax purposes. Accordingly,…
BE AWARE OF TELEPHONE AND EMAIL SCAMS
It is important to be vigilant of scams throughout the year, but especially during tax time. There has been a rise in fraudulent telephone calls, text messages and emails from individuals posing as Canada Revenue Agency…
MISSING INFORMATION SLIPS AND CRA PENALTIES
An area of ongoing concern is the increase in CRA reviews related to unreported investment income slips, most notably T3’s and T5’s. These reviews can result in significant penalties and interest charges being assessed by the…
INTEREST AND LATE-FILING PENALTIES
The deadline to pay all 2018 income tax amounts owing to CRA is April 30, 2019. Unpaid amounts owing on May 1, 2019 will be charged compound interest daily. Additionally, tax returns with taxes owing for…
- Client News
- Community
- COVID-19
- Estate Planning
- Film & Television
- Industry News
- Profiles
- Seminars + Presentations
- Strategic Insights
- Success Stories
- Tax Legislation
- Walsh King
- Walsh King Company Culture
- Walsh King News
Categories
- February 2023
- April 2022
- November 2021
- October 2021
- June 2021
- April 2021
- February 2021
- December 2020
- October 2020
- July 2020
- May 2020
- April 2020
- March 2020
- January 2020
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
