2019 Life in the Tax Lane from Video Tax News We're pleased to be able to share these
informative videos from Video Tax News. They
are not too long, cover a wide range of topics,
and are quite entertaining! Once you view
them, you can search our site for information
on these or other topics - see the search box near
the
top of any page on our site. The links under each video
provide the sources for the information in the
video.
The videos are 10-minute rapid-fire discussions of select recent developments in the wonderful world of Canadian tax
presented by the Video Tax News
Team, for Canadian Tax and Financial Professionals.
November 28, 2019
Sources:
- Investment Management Fees
- Rental Property – Source of Income
- Crocket v. The Queen 2019 TCC 203
- Penalty – Repeated Failure to Report Income
- Greenstreet v. The Queen 2019 TCC 237
- Agency Relationship
- Lohas Farm Inc. v. The Queen 2019 TCC 197
- Represent a Client Updates – Deceased Taxpayers
- CRA Digital Services Update - downloadable Power Point presentation
- Transparency of Corporate Ownership
- Tracking
of Corporate Ownership Information - Canada Business Corporations Act (CBCA)
- Beneficial
Ownership Disclosure - Canada Business Corporations Act (CBCA)
- United
Kingdom - Companies House - Search for corporate information
October 25, 2019
Sources:
- Mobile Home/RV Park – Specified Investment Business
- 1717398 Ontario Inc. (Lost Forest Park) v. The Queen
- Travel Expenses – Shareholder-Employees
- CRA re Shareholder-employees: Here's what you need to know about claiming
employment expenses.
- Payroll Audits
- TI 2019-0798351C6 STEP 2019 - Q15 - CPP/EI Rulings
- Charitable Registration Process – Online Only
- Excluded Business – Large Dividends
- TI 2019-0799911C6 STEP 2019 Q4 - TOSI & Meaning of Excluded Business
- U.S. Expatriates – New Relief Procedures
- IRS announcement
TaxTips.ca Articles:
- Specified
Investment Business (SIB)
- Employment
Expenses Line 229
September 26, 2019
Sources:
- Denial of Employment Insurance Benefits – Misconduct
- Nelson v. Canada (Attorney General), 2019 FCA 222
- Property Flipping – Income or Capital
- Wall v. The Queen, 2019 TCC 168
- Employment Expenses – Commuting?
- MacDonald v. The Queen, 2019 TCC 169
- Shared-Custody Parents – Equal or Near Equal
- Dept of Finance August 29, 2019
TaxTips.ca Articles:
- Real Estate Sales - Are
They Taxable? What about my Principal Residence?
- Employee
Motor Vehicle Travel Expenses
- Government
Child and Family Benefit Programs
August 29, 2019
Sources:
- Director’s Personal Liability for Negligence
- Hall v Stewart, 2019 ABCA 98 (CanLII)
- TFSA Overcontribution
- Technical
Interpretation 2017-0732391E5 Income on TFSA over-contributions
- Gekas v. Canada (Attorney General), 2019 FC 1031
- Overdrawn Shareholder Loans -
Mazzaferro v. The Queen, 2019 TCC 147
- Transfer of Life Insurance from a Corporation -
Technical Interpretation 2019-0799051C6 2019 CLHIA Roundtable - ITA s. 148(7)
questions
- Represent a Client – New Format for Individual Accounts
- IRS Compliance Campaign – Former Participants of U.S. Offshore Voluntary Disclosure Program
TaxTips.ca Articles:
- Tax Free Savings Accounts (TFSAs)
- Shareholder
Loans and their Tax Implications
August 6, 2019
Sources:
- Taxable Benefit – Parking Pass
- Smith v. Canada, 2019 FCA 173
- Stock Option Taxation Changes
- Department of Finance June 17, 2019
- Condo Sale – Income or Capital?
- Bygrave v. The Queen, 2019 TCC 138
- First-Time Home Buyer Incentive
(FHBI)
- Taxpayer Relief – T1135
- Moore v. The Queen, 2019 TCC 141
TaxTips.ca Articles:
- Employee
Parking Provided by Employer
- Federal
2019 Budget - Employee Stock Options
- Real Estate Sales - Are
They Taxable? What About My Principal Residence?
- First-Time
Home Buyer Incentive
- Foreign Asset Reporting - Form T1135 Foreign Income Verification Statement
June 26, 2019
Sources:
- Virtual Currency – Taxable Supply?
- Disability Tax Credit – Fee Restrictions
- Canada
Gazette Part 1 June 1, 2019
- Canada
Revenue Agency - Disability Advisory Committee
- Interest Deductibility
- Income Tax Folio S3-F6-C1
- Unnamed Persons Request – Construction Industry
- Canada (National Revenue) v. Roofmart Ontario Inc., 2019 FC 506
- New Housing Rebate – Primary Place Residence
- L'Écuyer v. the Queen, 2019 TCC 41
- CRA Service Standards 2019-2020
TaxTips.ca Articles:
- Barter and BitCoin Transactions Can Result in Taxable Income, and PST and
GST/HST Payable
-
Disability
Tax Credit (DTC) Promoters Restrictions Act Regulations
- Interest Expense on Money Borrowed to Purchase Investments - Can I Write it Off?
- including Disappearing Source rules
- GST/HST Rebate for New Housing Purchases and
Substantial Renovations
May 30, 2019
Sources:
- Zero-Emission Vehicle Purchase Incentive
- Transport
Canada Zero-emission Vehicles
- Transport
Canada - List of eligible vehicles under the iZEV Program
- Health Spending Accounts – CRA Cautions
- Taxable Benefits – Clothing
Reimbursement - TI2018-0775391E5
- Administrative Updates from CRA
- Donation of Credit Card Loyalty Rebates
- TI2017-0704951E5
Rebate Donation Program
- TI2018-0761161E5
Reward Donation Program
TaxTips.ca Articles:
- Zero-Emission
Vehicle Incentive Program
- Private Health Services Plan or Health Spending Account
- Employment
Expenses - Employee Clothing and Footwear
April 29, 2019
Sources:
- Project Bitcoin Investors
- Forbes:
Bitcoin investors targeted with audits by CRA
- CRA
Guide for cryptocurrency users and tax professionals
- Rebate
Incentive Income - Mikhail v. The Queen, 2019 TCC 49
- Taxpayer
Request - Reassessment for Statute-Barred Period - Revera Long Term Care Inc. v. Canada (National Revenue), 2019 FC 239
- Data
Breaches - Was Your Information Compromised?
- Taxpayer
Relief - Financial Hardship - Pathak v. Canada (National Revenue), 2019 FC 252
TaxTips.ca Articles:
- Barter and BitCoin Transactions
- can result in taxable income and PST and GST/HST payable
- Taxpayer
Relief Provisions (Fairness provisions)
March 29, 2019
Sources:
- Zero-Emission Vehicles – Budget 2019
- T4A Slips
- RC4157
Deducting income tax on pension and other income, and filing the T4A slip and
summary
- CRA
T4A webinar (not yet available as of March 29, 2019)
- Nominal Consideration -
TI2018-0773301E5
- Repairs and Maintenance
- Capital
Purchase vs Repair
- Folio
S3-F4-C1, General Discussion of Capital Cost Allowance
- Housing Measures – Budget 2019
- Shared Equity Mortgages
(SEM)
- Canada Training Credit – Budget 2019
TaxTips.ca Articles:
- Federal 2019 Budget
- Capital
Cost Allowance for Zero Emission Vehicles - includes link to Budget 2019
information on the federal purchase incentive for zero emission vehicles
- First-Time
Home Buyer Incentive
- Canada
Training Credit
- Gifts and
Inheritances - When are they taxable?
- Property
Rental - Capital vs Expense
February 27, 2019
Sources:
- Carbon Tax and Climate Action Incentive Payment
- Canada Revenue Agency Line 45110 (line 449 prior to 2019)
- Allowances or Expense Reimbursements
- TI 2017-0682891E5 Taxable Benefits
- Valuation – Normal Reassessment Period
- Lewin Estate v. The Queen 2019 TCC 21
- OAS Deferral – Retroactive Application
- Pike v. Canada (Attorney General) 2019 FC 135
- Dedicated Telephone Service
for Income Tax Service Providers
- GST/HST New Housing Rebate
- Sozio
v. The Queen 2018 TCC 258 re GST/HST New Housing Rebate
- Poirier
v. The Queen 2019 TCC 8 re GST/HST New Rental Property Rebate
TaxTips.ca Articles:
- Climate
Action Incentive and other provincial measures
- Employment
Expenses
- Tax-Free
Motor Vehicle Allowances
- Old Age Security Pension
and OAS Clawback
- GST/HST Rebate for
New Housing and Substantial Renovations
January 29, 2019
Sources:
- Principal Residence Exemption – Large Lots:
Makosz v. The Queen, 2018 TCC 250
- Maximum Deductible Automobile Allowances –
2019
- Incentive Payment for Travel to Pick-up Site:
McEachern v. The Queen, 2018 TCC 232
- T5018 Forms (construction industry) – Penalties Being Assessed:
Apex City Homes Limited Partnership v. The Queen, 2018 TCC 247
- Shared Custody – Canada Child Benefit:
Lavallee v. The Queen, 2018 TCC 213
- CPA Canada – Full Tax System Review Needed
TaxTips.ca Articles:
- Principal
Residence Exemption
- Automobiles,
Passenger Vehicles and Motor Vehicles - Tax Issues
- Tax-Free (or Reduced Tax) Employee Benefits
December 28, 2018
Sources:
- TFSA – Contributions by Third Parties:
- Technical
Interpretation 2018-0739761E5 TFSA contributions
- Technical
Interpretation 2017-0731541E5 TFSA contributions
- Expenses After Business Income Ceases:
Tournier v. The Queen, 2018 TCC 229
- Tax on Split Income
(TOSI): Technical Interpretation 2018-0771851E5 TOSI: Meaning of Reasonable
Return
- Passive Investment Income – Small Business Deduction Clawback:
Bill C-74 Budget Implementation Act, 2018, No. 1
- Tracking of Corporate Ownership Information – Canada Business Corporations Act:
Bill C-86 Budget Implementation Act, 2018, No. 2
TaxTips.ca Articles:
- Tax-Free Savings
Account - 2019 contribution limit $6,000
- What Expenses Can I Write Off Against My Business Income?
- 2018
Federal Budget
- Records Retention - What Books and Records Must be Kept by an Individual or a Business?
Prior Year Life in the Tax Lane Videos: 2018
Life in the Tax Lane Videos
2017
Life in the Tax Lane Videos
2015
& 2016 Life in the Tax Lane
Videos
Revised: February 15, 2024
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