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Osler, Hoskin & Harcourt LLP
The Canadian federal government introduced new rules for trust reporting that apply to taxation years ending after December 30, 2023, with significant potential penalties for failure to comply.
MLT Aikins LLP
British Columbia recently announced that it intends to pass provincial legislation that imposes a home flipping tax (the "Tax") in an effort to increase and support the province's housing supply...
Rotfleisch & Samulovitch P.C.
House flipping, or property flipping, generally involves the purchase, renovation, and disposition of a residential property within a relatively short period of time.
Borden Ladner Gervais LLP
Over the next decade, 76 per cent of Canadian business owners plan to exit their business which represents a potential transition of more than $2 trillion worth of business assets.
Rosen & Associates
Inheritance tax planning is a pivotal component of estate management. In Canada, dealing with the intricate tax system can be a challenging endeavour, and understanding the nuances...
Rosen & Associates
In the complex world of Canadian tax law, "non-arms length transactions" are a crucial concept that often raises questions and concerns for individuals and businesses alike.
Crowe MacKay LLP
The Federal Government has made changes to the capital gains exemption and deduction for tradesperson's tools expense as well as created a multigenerational home renovation tax credit...
Torkin Manes LLP
While there are many practical implications associated with dying without a will (i.e., the appointment of executors/trustees, guardianship provisions and the distribution...
De Grandpré Chait
You've surely heard a business owner tell you that it is more advantageous to sell a business to a third party than to their own children.
Rotfleisch & Samulovitch P.C.
In August 2023, the Canadian Federal government tabled Bill C-59 ("Fall Economic Statement Implementation Act, 2023"), which includes various draft amendments to the Canadian Income Tax Act.
Thompson Dorfman Sweatman LLP
We previously provided our top four key takeaways for tax planning from Budget 2023 in our March 30, 2023 article "2023 Federal Budget: Top 4 Changes for Tax Planning."
Crowe MacKay LLP
Crowe MacKay LLP's trusted advisors work for you – this means we take the time to know our clients. Whether it's your first time filing taxes, or you consider yourself a pro, Crowe MacKay's tax...
O'Sullivan Estate Lawyers LLP
Trusts, and discretionary trusts in particular, are a staple of estate planning for their flexibility and adaptability. They can address a multitude of situations such as: managing assets...
Rotfleisch & Samulovitch P.C.
When a taxpayer ceases to be a Canadian tax resident, paragraph 128.1(4)(b) of Canada's Income Tax Act deems the taxpayer to have disposed of almost all property (including cryptocurrency, non-fungible tokens (NFTs), and other digital assets) at fair market value.
Rotfleisch & Samulovitch P.C.
Broadly, the sale of a private business can be structured as either a sale of shares, or as a sale of assets. Structuring the sale of a private business...
Miller Thomson LLP
Employee ownership trusts ("EOTs") were introduced in the Government of Canada's (the "Federal Government") Budget 2023.[1] Generally speaking, an EOT is a Canadian resident trust holding shares...
Crowe MacKay LLP
The Alternative Minimum Tax (AMT) impacts Canadian taxpayers by ensuring that high-income individuals and trusts pay a minimum amount of tax each year, notwithstanding that they have access...
Rotfleisch & Samulovitch P.C.
In today's dynamic digital landscape, where digital assets are integral to corporate, commercial, and financial activities, the use of cryptocurrency in various transactions has become commonplace.
Blake, Cassels & Graydon LLP
On November 28, 2023, the Department of Finance (Finance) tabled a Notice of Ways and Means Motion to implement the Fall Economic Statement Implementation Act, 2023...
Fillmore Riley
Members of the College of Physicians and Surgeons of Manitoba are given the opportunity to incorporate their practice.
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