TaxTips.ca
Canadian Tax and
Financial Information
Life in the Tax Lane Videos

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Personal Income Tax -> Life in the Tax Lane

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 by the Video Tax News Team, for Canadian tax and financial professionals.

Life in the Tax Lane - August 2018

July 30, 2018

Sources:

    - Extended Reassessment Period – Budget 2018 Proposal

    - Individual Tax Refund Beyond 10 Years

    - Employment Scam - Banks have 90 days to return bad cheques

    - Corporate Owned Life Insurance - TI 2018-0745811C6 CALU 2018 Q2 - CDA credit - joint ownership

    - Time Limit For Input Tax Credit (ITC) Claims - International Hi Tech Industries Inc. v. The Queen 2018 TCC 107

    - Sales To U.S. – Sales Taxes May Apply

          - Supreme Court of the U.S. South Dakota v. Wayfair, Inc. et al, 585 U.S. (2018)

          - New York Times - Supreme Court Widens Reach of Sales Tax for Online Retailers

          - Dentons - Stunning!! The US Supreme Court in a 5:4 decisions abandons Quill!! 50 years of precedent gone in a "poof"!!

          - Cadesky Tax - U.S. Sales Tax - Update:  The Streamlined Sales and Use Tax Agreement (SSUTA)

          - Kingston Ross Pasnak LLP - U.S. Supreme Court Changes the U.S. State and Local Tax Landscape

    - Provincial Matters

          - Ontario cap and trade

          - BC government cracking down on hidden ownership of real estate

TaxTips.ca Articles:

    - Changing Your Tax Return

    - Federal draft legislative proposals released for comment from Canadians

    - Goods and Services Tax (GST) & Harmonized Sales Tax (HST)

Life in the Tax Lane - July 2018

June 27, 2018

Sources:

    - Bill C-74

    - Tax on Split Income (TOSI) – CRA comments on Excluded Shares

    - Director Liable for Corporate Income Taxes on Liquidation - Groscki v. The Queen, 2017 TCC 249

    - Business Or Personal? - Barbour v. The Queen, 2018 TCC 77

    - Meals and Entertainment – Some Issues -TI 2017-0714381E5

    - Retiring Partner Payments – Pensionable Earnings - Freitas v. Canada, 2018 FCA 110

    - IRS Launches Multiple Non-Resident Projects

TaxTips.ca Articles:

    - What Expenses Can I Write Off Against My Business Income?

    - What Meal and Entertainment Costs Can I Deduct?

    - Who Has to Pay CPP or QPP Contributions?

    - 2018 Federal Budget

Life in the Tax Lane - June 2018

May 29, 2018

Sources:

    - Taxable Benefits – Social Activities - TI 2017-073125117

    - Interest Deductibility – Return of Capital - Van Steenis v. The Queen, 2018 TCC 78

    - CRA Project – Class 10 Vehicle Additions

    - CPP Death Benefit – Automatic Upload

    - Golf Tournament – Gifting Receipts

    - Donation Receipts – New Information Required

    - RRSP Overcontribution – Relief - Pouchet v. Canada 2018 FC 473

TaxTips.ca Articles:

    - How Can You Minimize Taxes of a Deceased Taxpayer?

    - Tax Treatment of Income From Investments in Exchange-Traded Funds (ETFs)

    - Tax Treatment of Income From Investments in Mutual Funds

    - Passenger Vehicle Expense Limitations

    - Vehicle Definitions For Tax Purposes

    - RRSP Excess Contributions

Life in the Tax Lane - May 2018

April 27, 2018

Sources:

    - CRA Payment Arrangements

    - Incentives Received by a Business

    - End of U.S. Offshore Voluntary Disclosure Program:

            - Streamlined Filing Compliance Procedures

            - Offshore Voluntary Disclosure Program

    - Using Legacy Software:

            - Canadian Lawyer:  Time to say goodbye:  Dealing with legacy software

            - Kingston Ross Pasnak LLP:  Are you experiencing problems using "legacy software"?

    - Requirement to Assess - Amended T4:  Madore v. Canada (Attorney General), 2018 FC 244

    - Allowable Business Investment Loss - Active Operations:  Hebert v. La Reine 2018 CCI 48

TaxTips.ca Articles:

    - What if I Can't Afford to Pay the Tax I Owe?

    - Business Investment Loss

Life in the Tax Lane - April 2018

March 28, 2018

Sources:

    - Malicious Prosecution by CRA? - Samaroo v. Canada Revenue Agency, 2018 BCSC 324

    - Budget 2018 - Passive Income

            - Department of Finance 2018 Budget

            - Technical Interpretation 2017-0717561E5 specified small business corporation

    - Tax on Split Income - Parliamentary Budget Officer - Income Sprinkling Using Private Corporations

    - U.S. Transition Tax and Canadian Corporations

            - Source 1 - passed by Congress: H.R.1 - An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.

            - Source 2 - Video Tax News discussion re US Mandatory Repatriation tax affecting US persons in Canada.

TaxTips.ca Articles:

    - Small Business Deduction - Business Limit Reduction Based on Aggregate Investment Income

Life in the Tax Lane - March 2018

February 26, 2018

Sources:

    - Education and Textbook Amount - Canada Revenue Agency (CRA), re Budget 2016

    - Home Accessibility Tax Credit - CRA

    - Canada Caregiver Credit - CRA

    - Real Estate Dispositions - CRA

    - Prescribed Rate Loan - Minden Gross LLP

    - Salaries to Family Members - CRA

    - Travel Expenses – Owner/Managers Employees - Hugh Neilson FCPA FCA TEP on LinkedIn

    - U.S. Estate Tax - Internal Revenue Service (IRS)

TaxTips.ca Articles:

    - Tuition, Education and Textbook Credits

    - Home Accessibility Tax Credit

    - Canada Caregiver Credit

    - Principal Residence Exemption (PRE)

    - Lend Money to Your Spouse or Child

    - Employment Expenses

    - US Estate Tax

    - US Estate Tax Calculator

Life in the Tax Lane - February 2018

January 30, 2018

Sources:

    - CRA's new Postal Code Project targeting richest homeowners

    - Third Party Request for Information – PayPal

    - Cryptocurrencies:

          - CRA Fact Sheet - What you should know about digital currencies

          - Financial Consumer Agency of Canada - Digital currency

    - Miscoded Revenues - Groscki v. The Queen, 2017 TCC 249

    - Principal Residence – Change in Filing Requirements

    - U.S. Citizens – Non-Compliance Risks - IRS Revocation or Denial of Passport in Case of Certain Unpaid Taxes

TaxTips.ca Articles:

    - Barter and Bitcoin Transactions

    - Principal Residence Exemption (PRE)

Life in the Tax Lane - January 2018

December 29, 2017

Sources:

    - Pre-Budget Consultation

    - Tax Consultation on Private Corporations (TCPC)

    - Disability Tax Credit - Diabetes

              - Minister of National Revenue December 4, 2017 Statement

               - Disability Advisory Committee membership announced December 8, 2017

               - CBC News: 'The CRA lied to us' about tax credit, say diabetes advocacy groups

    - Taxation of Cannabis: Finance Ministers Reach Agreements on Behalf of All Canadians

TaxTips.ca Article:

    - 2017 Small Business Tax Changes - Tax on Split Income / Income Sprinkling

 

Prior Year Life in the Tax Lane Videos:

    - 2017 Life in the Tax Lane Videos

    - 2015 & 2016 Life in the Tax Lane Videos

Revised: August 02, 2018

       

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.