Commercial property tax assessments
If you own a commercial property, a recent decision of the Ontario Assessment Review Board might interest you. At issue is the way the Municipal Property Assessment Corporation (MPAC) determines the “current value” of income-producing properties. Current value is supposed to reflect the price a seller could obtain for a property if it were up for sale. The value of […]
Ebay Canada must produce names of PowerSellers to CRA
For Canadians selling products on Ebay Canada, your contact information (name, address, email address) and annual sales figures can now be accessed by Canada Revenue Agency in certain circumstances.
The Federal Court of Appeal recently upheld a lower court case which ordered Ebay Canada to disclose information for high-volume sellers (called “PowerSellers”) to CRA. Someone qualifies […]
Harmonization of corporate taxes
Provincial corporations in Ontario will file a single T2 Corporation Income Tax Return starting in taxation year 2009 to Canada Revenue Agency. This harmonization is intended to reduce the costs of compliance for corporations who, previously, had to file separate returns with both the Ontario Ministry of Revenue and the Federal government. The integration of […]
