by user | Oct 17, 2023 | Tax-IFY
According to a CBC article based on wire reports, Microsoft reportedly has been reassessed by the US Internal Revenue Service for $23B in taxes owing in respect of certain transfer pricing transactions involving “cost sharing agreements’ in 2013 and 2014....
by Mikiyas | Aug 5, 2023 | Tax-IFY
Canafric Inc. v HMK, TCC 2023 108 (“Canafric”) is the most recent addition to the Tax Court of Canada’s jurisprudence on Scientific Research and Experimental Development (“SR&ED”). The appellant in this case, a frozen pie manufacturer, claimed SR&ED...
by Eyuel | Aug 3, 2023 | Tax-IFY
According to a recent CBC news story, a man named Justice Mounsey had his personal information hacked from a Canada Revenue Agency (CRA) website in 2020. As a result, fraudsters applied for government benefits and obtained credit in his name without him knowing about... by Mikiyas | May 12, 2023 | Tax-IFY
So you have a Tax Free Saving Account (“TFSA”) with a bit of capital in it, and you are a savvy investor, so you are earning a bit of income in the account. You are free and clear of any tax implications right? Wrong. In April of this year Justice Boyle’s decision... by Mikiyas | May 12, 2023 | Tax-IFY
Again, the CBC has ticked me off.[1] They have been harping away at the KPMG/Isle of Man tax structure story, and the NDP have been making a big a deal about it in question period, but as I have tried to tell them when they interviewed me initially, the CRA offered...
