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!
- Bill C-31: Expanded CRA audit powers on the horizon
The federal government initially proposed significant changes to the Canada Revenue Agency’s (the “CRAâ€�) audit powers under the Income Tax Act (the “Actâ€�) in Budget 2024 (see Proposed legislation expanding the CRA’s audit powers: pitfalls and takeaways and 2024 Federal Budget – Major Inc … Read more »
- How to lose your appeal rights: a cautionary tale for “large corporations� objecting to reassessments
The Income Tax Act (Canada) (the “ITAâ€�)) contains strict requirements for notices of objection filed by a “large corporationâ€�. A recent Tax Court of Canada (“TCCâ€�) decision – 941624 Alberta Ltd v R, 2026 TCC 67 – illustrates that failing to comply with those requirements can result i … Read more »
- Consequences of Ceasing Canadian Tax Residency
Following our previous discussion of Canadian tax residency, this post explores the next question: what happens when a taxpayer becomes a non-resident of Canada under the Income Tax Act (Canada) (the “ITAâ€�)? Whether a taxpayer’s “exitâ€� is tax motivated or not, the ITA imposes potentially o … Read more »
- Tax Residency & Ceasing Canadian Tax Residency
Under the Income Tax Act (Canada) (the “ITAâ€�), a resident of Canada is taxable on worldwide income, whereas a non-resident is taxable only on certain income that is connected to Canada. Non-residents are also subject to withholding tax on certain types of Canadian-source income (e.g., dividends … Read more »
- British Columbia expands PST to new professional services
Authored by: Adrian Zee, Rosemary Anderson, and Zheting Su The recent 2026 BC Budget announced amendments (the “Amendmentsâ€�) to the Provincial Sales Tax Act (“PSTAâ€�) to eliminate certain exemptions and expand the application of PST to five new categories of professional services starting Oct … Read more »