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How to Structure & Document Rental Properties so CRA Does not Disallow Rental Expenses
In Blecha v The King, 2025 TCC 91, the Tax Court of Canada examined whether a taxpayer was entitled to claim deductions for expenses on a property he owned and…
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What to do when the IRS freezes your bank account: A Comprehensive Guide
IRS freezing tactics, legal provisions and taxpayers’ defence against bank freeze For individuals and businesses in the United States, few financial actions can be as alarming and disruptive as having…
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What to do when the CRA freezes your bank account: A Canadian Tax Lawyer’s Guide
What Canadian taxpayers need to know, steps to take, and how to proactively prevent it Imagine trying to withdraw cash, pay your bills, or access funds for groceries, only to…
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Three Recent U.S. Tax Evasion Prosecutions: Bitcoin, Payroll Taxes, and Yoga Empire
Overview – IRS tax evasion cases Recent IRS tax evasion prosecutions reflect how diverse misconduct—from sophisticated crypto concealment to failure to remit payroll taxes and repeated non-filing—can result in serious…
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How U.S. Commercial Real Estate Investors Can Best Leverage’ Nonrecognition Tax Transactions’ to Defer Tax
Understanding Tax Deferral Strategies for U.S. Investors For U.S. taxpayers looking to strategically manage their tax obligations, nonrecognition transactions offer a valuable set of tools. These provisions within the Internal…
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Latest Developments in U.S. Taxation of Cryptocurrency: What American Crypto Traders, Crypto Investors Need to Know Now
As crypto continues to evolve rapidly, so does the U.S. taxation of cryptocurrency, with the IRS and other federal agencies taking an increasingly active role in regulating and enforcing compliance…
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CRA Tax Benefits for Canadian Caregivers: Disability Tax Credit (DTC), Medical Expense Tax Credit (METC), and Canada Caregiver Credit (CCC)
Overview Caring for a loved one with a disability or chronic illness is an act of compassion, but it often brings significant financial challenges along with the emotional toll. Whether…
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When Canadian taxpayers have severe emotional trauma, documentation from psychologists, doctors is key to Taxpayer Relief Requests: Bifano v Canada (Attorney General)
Introduction: Taxpayer Relief and Circumstances That Led the Applicant to Seek Judicial Review Under the Income Tax Act (the “Tax Act”), the CRA has the authority to grant taxpayers relief…
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Tax reporting rules, tax obligations for regular trusts and bare trusts: What Canadian taxpayers need to know now
HOW WELL DO YOU KNOW YOUR TRUST TAX OBLIGATIONS? A trust is a legal relationship that is created where property is entrusted to a person to hold or manage the…
