Tax Law

2018 Federal Budget: What Private Companies Need to Know

Click here to view in PDF. Introduction On February 27, 2018 the Department of Finance (“Finance”) released its 2018 federal budget (the “Budget”). Given the climate surrounding private companies, this...

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Tax Law

Will the Senate stop Liberals’ tax changes?

Click here to view in PDF. On December 13, 2017 the Standing Senate Committee on National Finance released its report on the July 2017 tax proposals announced by the Liberal...

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Tax Law

Family Limited Partnerships

Click here to view in PDF. A Family Limited Partnership (FLP) is nothing more than a limited partnership, created as a vehicle to transfer income and title to assets from...

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Tax Law

The Limited Partnership Protective Shield

Click here to view in PDF. In contrast to a general partnership, a limited partnership must by law be composed of at least one general partner, who serves as the...

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Tax Law

General Partnerships

Click here to view in PDF. Family limited partnerships offer tax benefits, lawsuit protection, and financial control. To gain a full understanding of a family limited partnership, let’s first consider...

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Tax Law

The Prescribed Rate Loan Strategy

Click here to view in PDF. You might wish to consider using an irrevocable inter vivos trust to implement a prescribed rate loan structure. This strategy can facilitate income splitting...

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Tax Law

Irrevocable Inter Vivos Trusts

Click here to view in PDF. The settlor who wishes to avoid the pitfalls inherent in a revocable inter vivos trust should create an irrevocable inter vivos trust. An irrevocable...

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Tax Law

Revocable Inter Vivos Trusts

Click here to view in PDF. What are the principal differences between a living (inter vivos) trust and a testamentary trust created by death? A living trust is just what...

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Tax Law

Wealth Accumulation Trusts

Click here to view in PDF. A wealth accumulation trust strategy can lower your taxes, produce steady guaranteed annual income, and help your favourite charity all at once. This is...

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Tax Law

Trusts

Click here to view in PDF. Once created, a trust is one of the most flexible mechanisms recognized by law. Born out of the time of William the Conqueror, it...

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