Information About Thorsteinssons’ Tax Blog
Recent Posts
Below is a preview of the five most recent posts from the blog Thorsteinssons’ Tax Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Supreme Court of Canada declines to weigh in on the tax treatment of poker winnings
On June 4, 2026, the Supreme Court of Canada (“SCC”) dismissed the application for leave to appeal of three poker players in Philippe D’Auteuil, et al. v. His Majesty the King (case number 41975). The application for leave followed the Federal Court of Appeal (“FCA”) decision in Fournier-Giguere 202 … Read more »
- Productivity Mega Deduction announced: Immediate expensing as the new default for capital investment
On September 15, 2026, the federal government announced the Productivity Mega Deduction (the “Mega Deduction”) at the first Canada Investment Summit (see the Prime Minister’s release). The Department of Finance (“Finance”) issued a news release describing the measure and published draft legislative … Read more »
- Exemptions to BC’s expanded PST on professional services announced
This update follows our March 23, 2026 blog post on British Columbia’s expansion of Provincial Sales Tax (“PST”) to certain new categories of professional services. On July 9, 2026, the Province announced new exemptions relating to these services (“Exemptions”). The new rules, and exemptions, take e … Read more »
- Bill C-31: Expanded CRA audit powers on the horizon
The federal government initially proposed significant changes to the Canada Revenue Agency’s (the “CRA”) audit powers under the Income Tax Act (the “Act”) in Budget 2024 (see Proposed legislation expanding the CRA’s audit powers: pitfalls and takeaways and 2024 Federal Budget – Major Income Tax Chan … Read more »
- How to lose your appeal rights: a cautionary tale for “large corporations” objecting to reassessments
The Income Tax Act (Canada) (the “ITA”)) contains strict requirements for notices of objection filed by a “large corporation”. A recent Tax Court of Canada (“TCC”) decision – 941624 Alberta Ltd v R, 2026 TCC 67 – illustrates that failing to comply with those requirements can result in a swift and to … Read more »