News & Events


September 13, 2019

Join Cadesky partner Dean Smith and others for an informative and interactive breakfast seminar on Friday September 20, 2019. They will discuss tax & estate planning issues for Canadians who own U.S. real estate and investments. They will also discuss foreign account tax compliance, including, FATCA and FBAR required by U.S. persons living in Canada and various methods to surrender U.S. Citizenship.

Neurose – Canada-U.S. Breakfast Seminar

January 16, 2019

View all U.S. Personal Income Tax Rates for 2019


May 14, 2018

The Senate is continuing its study of the private company tax proposals.  On December 13, 2017 the Standing Senate Committee on National Finance issued a study recommending the proposals be withdrawn in favour of a review of Canada’s overall tax system.  Failing this, the Committee recommended that the government delay implementation of any of its proposals until January 1, 2019 so there can be “meaningful consultations”.  Ironically, on the same day, the Minister of Finance released the government’s revised income splitting legislation (11 pages instead of 27).  The new legislation was released just after the house recessed for the Winter break but became effective January 1, 2018.  That’s 18 days after they were released and while the House was in recess. These rules, as well as other proposals including the passive income proposals were tabled in the Budget Implementation Act on March 21, 2018

Peter Weissman appeared before the Senate Committee on National Finance, on May 2, 2018, to express his thoughts about the tax aspects of the Budget Implementation Act and shed light on some serious observations and concerns.

Peter’s testimony can be viewed here.

The entire hearing with the questions from the Senators and the panel’s answers can be found on the Senate of Canada ParlVU website.

December 13, 2017

View Peter Weissman’s comments to CTV about the Government’s December 13, 2017 Amended Income Splitting Proposals.

CTV News


December 13, 2017

View Peter Weissman’s comments about the December 13, 2017 Senate Report on the Government’s Private Company Tax Proposals.

October 6, 2017

With the October 2, 2017 consultation deadline now past, the government has received over 20,000 submissions concerning their July 18, 2017 private company tax proposals. We, as a firm, did not make a formal submission but responded in other ways. Michael Cadesky was heavily involved in STEP Canada’s submission to the Minister of Finance, Peter Weissman was invited to speak to the Commons Standing Committee on Finance, Ian Pryor spoke to the Standing Senate Committee on National Finance and we wrote numerous newspaper articles.

It seems the Government has acknowledged the public’s concerns. On October 3, 2017 the Department of Finance issued a Press Release stating:

The Government has listened to small business owners, professionals and experts during the consultation on tax planning using private corporations, and will act on what it has heard…..

We are hopeful that these statements confirm that the Government will significantly scale back the scope and complexity of its proposals. There has been no commitment from the Government regarding the timing of release of any new proposals. Without further comments from Ottawa, there remains uncertainty regarding what steps should be taken in 2017 to optimize taxes before any new rules come into force.

September 25, 2017

Since the Federal government released sweeping proposals to change the taxation of private Canadian businesses on July 18, 2017, we have been working around the clock to fully understand the proposals, their merits and their flaws.  Our “Tax Bomb” document has been acknowledged in the press, we have been published in the Globe and Mail and been quoted in the media.

We have had discussions with members of the Senate, MP’s and with the Office of the Leader of the Opposition.

Our efforts are continuing tomorrow Tuesday, September 26: Peter Weissman will be addressing the House of Commons Standing Committee on Finance, as an invited witness, to address the tax proposals.

Our firm continues to be actively involved in a number of formal and informal groups that are trying to better educate politicians, the media and the public as to the good, the bad and the ugly of the proposals.

We are committed to ensuring our clients’ and other professionals’ concerns are heard.

Tax News

April 4, 2017

Doing Business in the “New” America – A Bigger Opportunity Now, More Than Ever
Ron Joyce Centre, Degroote School of Business, Burlington Ontario, Canada

Cadesky Tax is an active member of the American Chamber of Commerce of Canada (“Amcham Canada”). Dean Smith, a former Chair of the Tax Committee, will be taking part on April 4th, in an event entitled “Doing Business in the “New” America – A Bigger Opportunity Now, More Than Ever” where he will discuss various U.S. tax issues that companies need to consider as they expand into the U.S. market place. Additional speakers will discuss, immigration, Homeland Security and How the Halton Economic Region may be of assistance.

May 19, 2016

Request made to Improve Fairness for Taxpayers with Special Needs

The Canada Revenue Agency (CRA) continues to make it increasingly difficult for Canadians with disabilities to access a modest tax credit that means a great deal to people with marginal incomes. "In this area our tax administration is unfair, inefficient and not accountable to anyone," says tax accountant Peter Weissman. "We are concerned about CRA’s disregard not only for its own policies and procedures designed to protect the interests of the taxpayer but also numerous Tax Court of Canada rulings that have provided guidance as far as interpreting the legislative intent of the Income Tax Act."

November 13, 2015

Towards greater fairness in taxation: international tax advisory bodies present Model Taxpayer Charter

Today (13 November 2015), three international professional bodies of tax advisers representing more than 500,000 tax advisers worldwide presented their joint proposal for a Model Taxpayer Charter.

June 8, 2015

Canada-U.S. Tax Planning for Individuals (Selected Tax Issues)

Canadian tax system comparison, Canadian persons with U.S. beneficiaries, U.S. persons with Canadian beneficiaries, Canadians holding U.S. situs assets, U.S. persons holding Canadian assets, Canadians moving to U.S., U.S. persons moving to Canada, U.S. citizens living in Canada.

Feb 9, 2015

T1135 Foreign Income Verification Statement

As of February 9, 2015, individual taxpayers will be able to file this form electronically for the 2014 tax year. The CRA will make electronic filing of Form T1135 available for corporations and partnerships in the future and will announce when the service becomes available.