Television Appearances
Carrick Talks Money: What if I haven’t filed a tax return for years?
Canada Revenue Agency’s voluntary disclosure program allows delinquent taxpayers to “come in from the cold.” You won’t be charged penalties and you will not be prosecuted. Plus, you may get a reduction in interest for the amount of tax owing. To take advantage of this, you must first file the Voluntary Disclosure Form, and then file the delinquent tax returns.
Carrick Talks Money: What Can I do about a Wrongful or Unfair Tax Assessment?
If you have been wrongly or unfairly assessed, in other words CRA believes you owe more tax, you have 90 days to file a Notice of Objection. “Don’t wait, and jump right on it,” says David Rotfleisch. Plus, other tips for a tax appeal.
Carrick Talks Money: I’ve been hiding money from CRA – how do I come clean?
If you’ve been hiding money from Canada Revenue Agency (CRA), or just not declaring all the money you make to CRA, David Rotfleisch outlines the proactive steps to take. It’s called voluntary disclosure.
Panama Papers: Spotlight on the wealthy, powerful – Toronto Tax Lawyer Comment
A leak of 11.5 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners.
Audio Appearances
CRA Plans ‘Lifestyle Audits’ in Vancouver as Part of Real Estate Probe – Newstalk 1010
‘Lifestyle audits’ are audits where CRA looks into why it is that you are making very little money and yet living in a mansion, driving an expensive car, and taking trips around the world. Sometimes, the wealthy buy homes for their children. Other times, real estate is frequently used to launder the proceeds of crime.
Big Crack-Down by CRA on The Underground Economy- Newstalk 1010
“The three areas they are focused on are: construction, retail sales and food service (restaurants, food trucks),” says David Rotfleisch to Barb DiGiulio on The Night Side. CRA is getting creative about people who are unregistered builders. CRA also looks at municipal building permits, to see if builders are properly registered and paying taxes. Lastly, they are actively data-mining social media for irregularities, such as builders who claim to not have much business but post a photo of their new Bentley on Facebook.
The Night Side – Interview with David Rotfleisch
Barb DiGiulio, host of “The Night Side” on Newstalk 1010, Toronto’s largest talk radio station, talks with David Rotfleisch about what the Panama Papers searchable database (unveiled on Monday, May 9, 2016) means to 625 Canadians who have offshore accounts and to Canada Revenue Agency that is investigating these accounts. “It is becoming socially unacceptable for people to not pay their fair share of taxes,” says Rotfleisch.
The Night Side – Interview with David Rotfleisch
The 2016 tax deadline is almost here. David Rotfleisch answers listeners’ tax questions on “The Night Side,” with Barb DiGiulio on Newstalk 1010.
The Night Side – Year End Tax Planning
We talk to David Rotfleisch, Founding Lawyer/Owner at Rotfleisch and Samulovitch and Chartered Accountant about how you can save taxes with the help of year end tax planning.
NEWSTALK 1010
Introduced by radio host Barb DeGiulio on her nightly show “The Night Side,” as the man who ‘makes tax fun,’ is tax lawyer and chartered accountant who answered listeners tax questions for 90 minutes. There were several questions on TFSAs, what to do if you get audited, and collection tactics of Canada Revenue Agency (CRA).
How to avoid tax traps: A guide for condo flippers
What does Canada Revenue Agency say about reporting revenue from condos? Here’s an easy guide for condo flippers to prevent problems with the Canadian Tax Man.
Tax evasion schemes land “De-taxers” in jail
When “de-taxers” use best business practices such as franchising and friends and family of multi-level marketing (MLM) techniques, you know that even fringe thinkers are watching and learning from the likes of “Dragon’s Den” and “Shark Tank.”
CRA Targeting Unregistered, Small-Town Contractors In Tax Evasion Crackdown
The Canada Revenue Agency’s continuing campaign against the underground economy has come to roost in small-town Canada,
Eight Things That Can Trigger a Tax Audit by CRA
“Help! I’m being audited,” are dreaded words uttered by Canadians. They are especially dreaded by business owners because an audit means extra work and extra accounting costs.
Big changes in tax return can increase chances of audit: experts
Even if people have done nothing wrong, there is little that can compare with the dread that an audit by the Canada Revenue Agency can cause.
Big changes in tax return can increase chances of audit: experts
Even if people have done nothing wrong, there is little that can compare with the dread that an audit by the Canada Revenue Agency can cause.
Big changes in tax return can increase chances of audit: experts
Even if people have done nothing wrong, there is little that can compare with the dread that an audit by the Canada Revenue Agency can cause.
Big changes in tax return can increase chances of audit: experts
Even if people have done nothing wrong, there is little that can compare with the dread that an audit by the Canada Revenue Agency can cause.
Biggest mistakes people make on their income tax returns
There are lots of common mistakes people make when filing their taxes. One of the most common is, people who forget to declare offshore pensions.
CRA targeting online income
Income from all business sources is taxable in Canada.There is no difference in the tax treatment of rental income from Airbnb or sales
“Top 10” Early Tax Planning Tips for 2016
While tax season for calendar 2015 is just around the corner, the best time to influence your tax position for calendar 2016 is: right now. Here are the “Top 10” early tax planning tips for 2016 to help reduce your tax, contribute to your RRSP, help out family members, and also support your favourite charities.
Judges affirm that Canada Revenue Agency has ‘duty of care’ to taxpayers
Two appellate court rulings confirm that the Canada Revenue Agency is not at liberty to intimidate and threaten taxpayers and must take appropriate care in how it treats them.
Focus: Law Firms Miss Advantage of Professional Corporations
Since 2001, incorporation for law firms has been a possibility. Despite its advantages, only a relatively small proportion of law firms that could benefit from incorporation have in fact done so.
Taxing changes
Looming changes to the Income Tax Act introduce a “whole new world” to the future of estate planning in Canada, and the additional tax cost could be $10,000 to $20,000 per year for each trust, estimates David J. Rotfleisch.
CRA says you can claim medical marijuana on your taxes
The Canada Revenue Agency has confirmed that it will allow the costs of medical marijuana purchased from a licensed producer as a medical expense despite the fact that the Income Tax Act does not as yet recognize the enabling legislation.
CRA’s non-existent $4-billion tax loss
The headlines last month claiming that Canada Revenue Agency wrote off at least $4 billion in debts in the last two years may not tell the full, or an accurate, story.
Offshore Bank Secrecy is Dead
Large recent fines on banks have spooked othere major banks into imposing strict compliance requirements on their customers holding offshore accounts.
Rulings on CRA general duty of care a positive development
The Canada Revenue Agency has historically had a wide prerogative in its interactions with Canadian taxpayers.