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.
- 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.Read More
- 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.Read More
- Business LawEarly Warning Reports - When Do I Need to File?
In theory calculating when early warning reports are required to be filed under Canadian securities law sounds simple, but in practice it can be quite complicated. This article attempts to make that task a little less confusing. In any event, if you are close to any reporting thresholds before buying or selling any further shares or convertible securities you should seek legal advice from a legal professional experienced in this area so that all relevant facts can be ascertained and proper legal advice provided.Read More
- Tax LawWill the Senate stop Liberals’ tax changes?
On December 13, 2017 the Standing Senate Committee on National Finance released its report on the July 2017 tax proposals announced by the Liberal government. Over eight weeks, the Senate committee heard from 138 witnesses and received 32 written briefs.Read More