John Tavares vs. the CRA: What His $8 Million Tax Dispute Means for Signing Bonuses
Introduction Toronto Maple Leafs star John Tavares is currently before the Tax Court of Canada in a high-profile dispute with the Canada Revenue Agency (“CRA”) involving approximately $8 million in additional tax and interest. At the centre of the case is a US$15.25 million signing bonus Tavares received when he joined the Maple Leafs in […]
Can the CRA Put a Lien on Your Property?
Introduction Many taxpayers are surprised to learn that the Canada Revenue Agency (CRA) may take steps to secure unpaid tax debts against real property. One collection tool available to the CRA is the registration of a lien against a taxpayer’s property. Understanding how tax liens work is important for anyone dealing with significant tax debt. […]