The latest in tax law
April 01, 2021
The proliferation of Bitcoin and other cryptocurrency investments has led to a multitude of tax-related questions. Clients frequently ask how gains or losses on cryptocurrency should be reported, what audit tools the Canada Revenue Agency (“CRA”) is using to detect cryptocurrency transactions and whether there are any remedies for taxpayers who have inadvertently failed to comply with their obligations under the Income Tax Act (the “Act”).
SR&ED Tax Incentives in the Canadian Tech Sector: Do Your R&D Activities Entitle you to Tax Credits?
January 25, 2021
For those involved in R&D in the Canadian technology sector, the federal and provincial Scientific Research and Experimental Development tax incentives (“SR&ED Programs”) can not only reduce current or future tax cost, but also could provide an additional source of cash.