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Everything You Need to Know About Cryptocurrency Taxation in Canada: Capital Gains on Crypto and Business Income Strategies
In the rapidly evolving landscape of digital assets, understanding cryptocurrency taxation in Canada is crucial for entrepreneurs, professionals, investors, accountants, and crypto enthusiasts aiming to navigate CRA crypto tax rules…
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When CRA Suspends Your Tax Preparer’s Right to EFILE: Judicial Review and Insights from Acevedo Virgen v AGC
In the realm of Canadian tax administration, the integrity of electronic filing systems like EFILE is paramount for ensuring compliance and efficiency. The recent Federal Court decision in Acevedo Virgen…
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New Hampshire Tax Amnesty Program: A Limited-Time Opportunity to Resolve State Tax Debt
Introduction New Hampshire has introduced a temporary New Hampshire tax amnesty program designed to encourage taxpayers to voluntarily resolve outstanding state tax liabilities on favorable terms. Tax amnesty initiatives are…
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Oklahoma Tax Update for Fiscal Year 2025: Income Tax Reform, Tribal Taxation, and Strategic Planning for Investors and Businesses
Oklahoma Income Tax Reform 2025: Key State Tax Updates for Investors and Entrepreneurs Oklahoma’s 2025 income tax reforms are a landmark development for the state’s fiscal landscape. House Bill 2764…
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How to Master the 24-Month Holding Period Requirement for QSBC Shares and Lifetime Capital Gains Exemption in Canada
The 24-month holding period requirement for qualified small business corporation (QSBC) shares is essential for Canadian entrepreneurs, investors, accountants, and professionals aiming to secure the lifetime capital gains exemption (LCGE). …
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What Businesses Need to Know About Anti-Deferral Rules for Corporate Tax Planning, from the 2025 Canada Budget
The 2025 Canadian federal budget brings forward key amendments to the Income Tax Act, with a strong emphasis on restricting tax deferral practices among connected corporations. These updates, centered on…
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Illinois Tax Amnesty Changes: Expanded Compliance and Maximizing Tax Benefits for U.S. Taxpayers
Illinois Tax Amnesty Amendments and Compliance Framework Illinois has adopted targeted amendments to its Illinois tax amnesty rules, refining the compliance framework applicable to taxpayers with unresolved Illinois tax liabilities.…
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IRS Math and Taxpayer Help Act: Helping American Taxpayers by Making Honest Tax Mistakes Easier to Fix
Overview: IRS Math Error Notices and Taxpayer Rights The Internal Revenue Service (IRS) issues millions of math error notices each year. Historically, these notices provided limited information, creating confusion and…
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How a Taxpayer won judicial review after CRA determined he was not eligible for CRB: Case comment Maheshwari v AGC, 2025 FC 1822
The taxpayer sought judicial review of a CRA decision dated July 5, 2024, which determined that he was ineligible for the Canada Recovery Benefit (CRB). In support of his application,…
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Case Comment: HMK v. Quebecor Inc. – Federal Court of Appeal Sides with Taxpayer, Rejects GAAR Challenge to Using Strategy of Business Losses
In a November 21, 2025 decision, HMK v. Quebecor Inc., 2025 FCA 207, the Federal Court of Appeal (FCA) dismissed an appeal by the CRA, upholding a Tax Court of…
