Watch! Life in the Tax Lane - April 2022

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• Recovery of CERB Overpayments

• Costs for COVID-19 Protocols

• Digital Adoption Program – Source 1 and Source 2

• Money Received from Offshore Accounts

• Underused Housing Tax (UHT) – Reporting Obligations – Source 1, Source 2, and Source 3

• Accessing Former Spouse’s Tax Information

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.

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Featured products:

3-hours | pre-recorded online | 1-week access | 2022 edition

Watch! Crypto Asset Transactions: Reporting and Taxation

Interview with crypto asset taxation specialist David Rotfleisch of Taxpage.com on the following topics:

• Crypto tax basics: capital versus income; T1135 reporting

• Proof of work versus proof of stake

• Taxation of bitcoin mining-proof of work: hobbyist-wind fall; trader-inventory; service provider-income

• Taxation of proof of stake (eg, Ethereum)

• NFTs (Non-fungible tokens)

• CRA’s overall position

• Voluntary disclosures and CRA activity

Sources:

• The basics (Taxpage.com)

• Stolen cryptocurrency or NFT (Taxpage.com)

• Poor recordkeeping (Taxpage.com)

• T1135 filings (Taxpage.com)

• Proof of stake (Taxpage.com)

• Bitcoin mining (Taxpage.com)

Recorded February 28, 2022

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.

Watch! Corporate Life Insurance Policies – Valuation Issues

Kevin Wark, CALU Senior Advisor, discusses the recent decision in Crichton et al. vs. HMQ in the context of corporately held life insurance upon death and valuation of the corporate shares for probate purposes.

Sources:

• CALU Special Report – Valuing corporate owned life insurance: A new twist

• Crichton et al. vs. HMQ

• CALU.com

• Integratedestate.ca

Recorded March 15, 2022

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.

Watch! Life in the Tax Lane - March 2022

This FREE 10-minute video for Canadian Tax Professionals includes rapid-fire discussion of select recent developments in the wonderful world of Canadian tax presented by the Video Tax News Team. 

Sources:

• CRA Processing Issues – Changes to Refundable Tax Credits

• Principal Residence Exemption Education Letters

• Working From Home – Extended Relief

• Proposed Changes to CRA Administrative Processes

• Trusts – Changes to Reporting Requirements

• Immediate Expensing Incentive – Proposed CCA Expansion

Life in the Tax Lane is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.

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Featured products:

7-hours | pre-recorded online | 3-week access | 2022 edition

3-hours | pre-recorded online | 1-week access | 2022 edition

Watch! Interview with Neil Mather of MatherLaw.com - When CRA Calls About a Client’s Debt

Interview with Neil Mather of MatherLaw.com- When CRA Calls About a Client’s Debt.

Source:

• When you owe money – collections at the CRA

• Personal tax debt

• Corporate income tax, GST/HST, and payroll deductions debt

Recorded November 3, 2021

This video is for general information purposes only and deals with dynamic, time-sensitive and complex matters that may not apply to particular facts and circumstances. The information provided should not be relied upon as a substitute for specialized professional advice in connection with any particular matter. For more information visit videotax.com/disclaimer. ©Video Tax News Inc. 2022, All Rights Reserved.