Insights

The practice of law is changing every day, and the effect of changing legislature on businesses is significant. We write about recent developments in the world of tax & business law, keeping a watchful eye on the changing landscape for our clients. See what we’re thinking about, and what your business should be looking out for.

  •  (1)By February 27 2018
    Tax LawTax Dispute Resolution: Monthly Review Vol. 1, No. 2

    If a taxpayer is issued a reassessment of tax that is incorrect, recourse may be available if a Notice of Objection to the reassessment is filed. The relatively recent decision in Minister of National Revenue v. ConocoPhillips Canada Resource Corp. serves as a reminder that tax dispute procedures are often stacked against taxpayers.

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  • Mo Headshot (1)By Mohamed AmeryFebruary 26 2018
    LitigationLiquidation and Dissolution of a Corporation as a Remedy for an Aggrieved Shareholder

    In the recent past, I wrote about the oppression remedy.  See “A Brief Overview of the Oppression Remedy” (April 2017) and “Director Liability in Oppression Actions” (August 2017).  Those articles serve as a helpful, but not necessary, lead-in to this article, which focuses on an alternative way by which an aggrieved shareholder may wish to exit an incorporated business absent oppression or shareholder agreement terms that may be utilized.  On that latter topic, have a look at my articles on “shot-gun” clauses, “Shot-Gun Clauses: Important but Draft Carefully and Use with Care” (July 2017), and on rights of first refusal, “ROFR Rights and Obligations” (October 2017). 

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  • Joe Headshot (1)By Joe BrennanFebruary 15 2018
    Business LawBe Aware of the Competition Act When Making Acquisitions

    The Competition Bureau can review any merger or acquisition transaction, whether or not it is a “notifiable transaction” and whether or not the transaction has already closed.

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  • Joe Headshot (1)By Joe BrennanJanuary 18 2018
    Business LawThis Is Why We Are Careful With Your Money

    Transaction money often flows through law firms. This is done both for efficiency in completing the transaction and to provide some comfort to the parties involved, but law firms are no different than any other business and need to guard against fraud when transferring money. This “insight” provides an example of why law firms have cautious procedures when transferring money and why your business should as well.

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  •  (1)By January 12 2018
    Tax LawTax Dispute Resolution: Monthly Review Vol. 1, No. 1

    When it comes to tax controversies in Canada, 2017 will be no doubt be chiefly remembered for the government’s July tax proposals related to private corporations. There were other notable items in the world of tax dispute resolution that are worth revisiting, however. 

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  •  (1)By December 20 2017
    Tax LawFinance Revisions to Income Sprinkling Proposals Not Likely to Limit the Risk of Increased Tax Disputes

    As has been well reported, on July 18, 2017 the Government of Canada released proposed tax changes impacting the taxation of private corporations. Included in the proposals were proposed changes to address “income splitting”.  The proposals sought to expand rules that already apply a tax on split income (commonly referred to as the “kiddie tax”) to certain income earned by minor children that is attributable to private corporations run by family members.  The government retreated on certain aspects of the proposals in October.

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