Information About Rosen Tax Law Blog
Recent Posts
Below is a preview of the five most recent posts from the blog Rosen Tax Law Blog. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- Ojaide v The King –Tuition Tax Credits Explained
Paying for school is stressful enough, but missing out on tuition tax credits or claiming them incorrectly can cost Canadians thousands. As tuition fees continue to rise and more Canadians pursue international degrees, the CRA has tightened its scrutiny over who qualifies, how much they can claim, a … Read more »
- New CRA Powers for Notices of Non- Compliance – Proposed in the 2025 Federal Budget
In the 2025 Federal Budget, the Canadian government proposed plans to introduce a new tool for the Canada Revenue Agency (“CRA”) called a Notice of Non-Compliance. This proposal will significantly change how the CRA operates with non-compliance, resulting in major consequences for taxpayers who do n … Read more »
- Foreign Tax Credits: Common Errors and CRA Adjustments
When Canadians earn income abroad, through employment, investments, or business activities, that income is typically taxed in the country where it’s earned. Canada also taxes residents on their worldwide income. This overlap in taxation authority can result in the same income being taxed twice. To p … Read more »
- Understanding the CRA’s Power to Compel Interviews Under Section 231.1
The Canada Revenue Agency (CRA) has several key powers regarding the administration and enforcement of Canadian income tax laws. These powers allow the CRA, for any purpose related to the administration or enforcement of the Income Tax Act (ITA), to audit, inspect, or examine relevant documents, pro … Read more »
- What to Expect During an Audit — and How to Prepare
Getting audited by the CRA can be an arduous process, fraught with requests for extensive documentation and information. However, with diligent record-keeping and knowledge of your rights as a taxpayer, you can navigate your CRA tax audit with relative ease and limited stress. What is an Audit? The … Read more »