Canadian Tax Podcast for the week of December 14, 2021. This week we cover: CRA website down (again); US Electric Vehicle subsidy drama; CEWS audits resume; Moneysense tax tips released; Expense vs. Capital improvements for rental suite; US LLC troubles; Capital gain vs business income on investment trades; [INTRO]: “This is the Canadian Tax Podcast, Episode # 028, hosted by me, Cameron Ware. Good morning” [NEWS SECTION] “Happy Tuesday, it is the week of December 14, 2021. We’ll start with the news. ITEM [1] – CRA WEbsite Offline Due to Security threat The CRA has taken down their website ..read more

Canadian Tax Podcast for the week of November 30, 2021. This week we cover: Bill C-2; Remote Work; CRA’s Cryptocurrency guide; Digital Service Tax; Deducting medical dues from multiple Provinces; Application of non-capital losses; Adding a spouse to house title; [INTRO]: “This is the Canadian Tax Podcast, Episode # 026, hosted by me, Cameron Ware. Good morning” [NEWS SECTION] “Happy Tuesday, it is the week of November 30, 2021. We’ll start with the news. ITEM [1] – New COVID-19 AID Bill-c2 to support businesses and workers The liberal government has tabled bill C-2, giving more support to ..read more

Canadian Tax Podcast for the week of 23 November 2021. This week we cover: US electric vehicle subsidy; GST filing extension for the E-Commerce Framework (AKA: Netflix Tax reporting); 2022 TFSA limits announced; Transferring intangibles from proprietorship to corp; Home office: part-time vs full-time use of space; Informal expense reimbursements; [INTRO]: “This is the Canadian Tax Podcast, Episode # 025, hosted by me, Cameron Ware. Good morning” [NEWS SECTION] “Happy Tuesday, it is the week of November 23, 2021. We’ll start with the news. ITEM [1] – What Canada could do to combat US EV Tax ..read more

Canadian Tax Podcast for the week of June 14th, 2021. This week we cover: The ProPublica tax leak; CRA releases details on new tax scam; More detail on G7 worldwide corporate tax proposal; Bill C-208; What to do with a TFSA if you move to the US; Canadian resident doing contract work for US client; Inter-corporate loans; [INTRO]: “This is the Canadian Tax Podcast, Episode # 014,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of  June 14th, 2021. We’ll start with the news.  [ITEM 1] – ProPublica’s Tax Article Last week the US ou ..read more

Canadian Tax Podcast for the week of 07 June 2021. This week we cover: TI 2020-086579 CEWS/Shareholder problem; CRA is “outgunned” CRA decreases volume of public company audits; G7 agrees to global minimum tax; Listener question: Taking a contract job vs staying employee; Listener question: Sale of US real estate; Listener question: T1135 and cost basis to use; [INTRO]: “This is the Canadian Tax Podcast, Episode # 013,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of  June 7th, 2021. We’ll start with the news.  [ITEM 1] – CEWS ..read more

Canadian Tax Podcast for the week of May 10th, 2021. This week we cover: No post-tax season filing extensions; Represent A Client broke; Covid benefits tied to 2020 T1 filing; Personal Services Business (PSB) myths; Contractors: How to fill out the W8-BEN-E form; Dual Citzen (US/CAN) filings; [INTRO]: “This is the Canadian Tax Podcast, Episode # 012,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of May 10, 2021. For all the accountants out there, I hope you all got to enjoy a bit of a post tax-season break. Everyone at my office was away ..read more

Canadian Tax Podcast for the week of May 10th, 2021. This week we cover: No post-tax season filing extensions; Represent A Client broke; Covid benefits tied to 2020 T1 filing; Personal Services Business (PSB) myths; Contractors: How to fill out the W8-BEN-E form; Dual Citzen (US/CAN) filings; [INTRO]: “This is the Canadian Tax Podcast, Episode # 012,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of May 10, 2021. For all the accountants out there, I hope you all got to enjoy a bit of a post tax-season break. Everyone at my office was away ..read more

Canadian Tax Podcast for the week of April 19, 2021. This week we cover: Revenue Quebec filing extension; Federal Budget Day; CRA Filing deadline unchanged; CPA Canada PACT guide; What to do with an incentive reimbursement or credit card cash back payment; Mechanics of the Climate Action Incentive; Double-tax on US-source income; [INTRO]: “This is the Canadian Tax Podcast, Episode # 008,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of April 19, 2021. We’ll start with the news.  [ITEM 1] – Quebec Filing Extension Last week Revenue ..read more

Canadian Tax Podcast for the week of April 12, 2021. This week we cover: Tax consulting fees capped; Court case: Capital Expenditure vs. Repairs and Maintenance; Principal residence exemption – more tweaking? SK to hit electric vehicle owners with a fee; GME capital gains; Incorrectly-filed T5 and what to do; Dealing with foreign income on a T2; [INTRO]: “This is the Canadian Tax Podcast, Episode # 007,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of April 12, 2021. We’ll start with the news.  [ITEM 1] – Tax Consulting Fees Capped ..read more

Canadian Tax Podcast for the week of April 05, 2020. This week we cover: Principal Residence Exemption to be taxed? Joe Biden’s proposed corporate tax rate changes; Quebec lowers corporate taxes on small businesses; CRA’s “Before You Call” List; How to approach filing 11 years of late corporate and personal tax returns; What happens with late-paid instalments for self-employed people; Reporting joint venture income; [INTRO]: “This is the Canadian Tax Podcast, Episode # 006,  hosted by me, Cameron Ware. Good morning”  [NEWS SECTION] “Happy Monday, it is the week of April 05, 2021 ..read more