2023 Life in the Tax Lane from Video Tax News (VTN) 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.
May 31, 2023
Sources :
RRSP
vs. TFSA vs. Tax-Free First Home Savings Account
Donation Planning – Life Insurance Product
CPP Enhancement
Withholdings on Rent to Non-Residents
- 3792391 Canada Inc. v. The King
EI Parental Benefits – Change of Extended Benefits Election
Canada (Attorney General) v. Johnson, 2023 FCA 49 Canada (Attorney General) v.
Pettinger, 2023 FCA 51 Canada (Attorney General) v. Jeffers, 2023 FCA 52
COVID-19 Collections
- CRA holding back refunds
Employee vs. Independent Contractor – Truck Drivers
Transport Ajit inc. c. Agence du revenu du Québec, 2023 QCCQ 1443
(CanLII) Canadian
trucking groups sound alarm over 'tax scam', call on CRA to step in
Featured seminars:
Monthly Tax Update | 12 hours | Pre-recorded
TaxTips.ca Resources Which is Better - TFSA or
RRSP - or FHSA?
Enhanced
CPP and Enhanced
QPP
Buying
Real Estate From a Non-Resident
Employment Insurance (EI)
for the Self-Employed
Employee or Self-Employed Independent Contractor?
April 28, 2023
Sources :
Shrinkflation –
GST/HST Issues
Mandatory Disclosure Rules
Notice of Ways and Means Motion to introduce an Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023 Bill
C-47, Budget Implementation Act, 2023, No. 1
Intergenerational Business Transfers
Underused Housing Tax
(UHT) – Various Issues
Alternative Minimum Tax (AMT) – Budget 2023
Featured seminars:
Monthly Tax Update | 12 hours | Pre-recorded
TaxTips.ca Resources Federal 2023 Budget - March 28,
2023
Underused Housing
Tax
March 31, 2023
Sources :
Relationship
Status - Common Law or Not? Groulx c. Le Roi, 2023 CCI 21
Underused Housing Tax - Updates
CHBA
successful in getting administration-reducing/cost-saving interpretation on
the Underused Housing Tax Letter
from CRA to CHBA - Interpretation
TFSA
- Carrying on a Business - Canadian Western Trust Company v. The King 2023 TCC
17
Employment
Expenses - Sponsorship - Silber c. Agence du revenu du Québec, 2023 QCCQ 127 (CanLII)
(French)
Legislation vs. CRA Interpretation
Re
CERB benefits - Bastien c. Canada (Attorney General), 2023 FC 222
(French)Re
medical expenses other eligible dependants - Andrews v. The King, 2023 TCC 19
US FBAR Penalties - $10,000 Per Form or Account?
Supreme
Court Rules In Taxpayer's Favor On FBAR Penalties Supreme
Court of the United States Bittner v. United States
TaxTips.ca Resources Canada's Underused
Housing Tax
Tax
Free Savings Accounts (TFSAs) - Taxes Payable in a TFSA
Medical Expense Tax Credit
February 27, 2023
Sources :
Underused Housing Tax Guidance
Underused housing tax technical information Underused Housing Tax – Quick Reference Chart
Unreported Capital Trades Included on a T5008
- Roy v. Canada (National Revenue), 2022 FC 1704 (CanLII) (French)
Recurring Conversion Between Personal and Income Earning Use
- TI 2022-0942161C6 Special rules on changes of use (French)
Updates to CRA Online Portals
About
My Trust Account Confirm
my representative's authorization request
Foreign Tax Credit Verification (Question 11 of CPA Canada/Provincial Accounting Bodies Questions to CRA – 2022 (released January 12, 2023))
(pdf)
TaxTips.ca Resources Canada's Underused Housing Tax
(UHT)
Reporting Foreign
Transactions on Your Tax Return
Change in Use of Real
Estate
T5008:
No In Kind Transfers, Proceeds Not Correct
January 31, 2023
Sources :
Underused Housing Tax
Underused
Housing Tax - Quick Reference Chart from Video Tax NewsUnderused
Housing Tax on Canada.ca
Statute-Barred
Corporate Tax Returns - TI 2019-0810061I7
Wage and Rent Subsidies – Partnership Income and Reviews
- TI 2021-0878941E5
Relationship Breakdown – Written Separation Agreement
- Vohra v. The King - 2022 TCC 165
Canada Child Benefit – Shared-Custody Arrangement
- Scott v. The King, 2022 TCC 131
TaxTips.ca Resources Canada's
Underused Housing Tax - This Affects Canadians Also!
December 29, 2022
Sources :
2023 Automobile Limits
Individual Instalment Interest – Unexpected Income:
Required
tax instalments for individuals Gagnon
v. The King 2022 TCC 139
Tax Loss Selling – Corporations
by Dave Gautier, Crowe MacKay LLP
COVID-19 Suspicious/Fraudulent Claims
- Office of the Auditor General of Canada Report 10
Tips And Gratuities –
GST/HST - 1410109 Ontario Ltd. v. The King, 2022 TCC 141
EFILE Revocation
- Virgen v. Canada (Attorney General) 2022 FC 1544
TaxTips.ca Resources Passenger Vehicle
Expense Limitations - loan interest, lease cost, capital cost maximums
Tax-Free Motor
Vehicle Allowances
Automobile
Operating Cost Benefit
Automobile Sales
People Operating Cost Benefit
Prior Year Life in the Tax Lane Videos: 2022 Life in the Tax Lane Videos
2021 Life in the Tax Lane Videos
2020
Life in the Tax Lane Videos
2019
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: May 31, 2023
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