Watch! Life in the Tax Lane - July 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:

• Class Action – Credit Card Fee Charge – Source 1 and Source 2

• Immediate Expensing of CCA – Prescribed Form

• CERB/CRB Denial for Owner-Manager of a Corporation

• Working From Home – Employer Considerations

• Taxable Benefits

• Source of Income – Foreign Currency Straddles

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.

Watch! Life in the Tax Lane - June 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:

• Ban on Residential Real Estate Purchases by Non-Residents – Source 1 and Source 2

• Underused Housing Tax – Traps

• Retrofit Loans For Homeowners

• Sale of Home

• Late Wage and Rent Subsidy Claims – CRA Discretion

• CRA Collections Related to COVID-19 Programs – CEBA

• CRB – Not Working Due to COVID-19?

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.

Watch! Life in the Tax Lane - May 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:

• Federal Budget 2022

• Draft Legislation (released subsequent to recording)

• Principal Residence Exemption – Multigenerational Home

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.

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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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.