The Initiative

The following article appeared in the February, 2011, edition of the Hamilton Law Association Law Journal.

The CRA likes to stir things up every now and then with this project or that initiative to ensure compliance among various groups of taxpayers. The latest stirring relates to trusts and their administration, and it serves as a sharp reminder to lawyers that tax compliance is not only the province of accountants.

Privilege

The Minister of Finance has apparently responded positively to submissions from the Canadian Bar Association on the effect of the new reporting regime for tax avoidance transactions on solicitor-client privilege. In a letter to the Association dated January 11, 2011,…