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Thursday, January 14, 2021 @ 11:29 AM

More on estate planning and preserving family wealth via corporation Businesswoman and man standing on money bags

As discussed in the first part of this article, an estate freeze is a powerful vehicle for transferring assets to the next generation in a tax-efficient manner. While the tax law aspects may be favourable, there are other potential pitfalls. ... [read more]

Wednesday, January 13, 2021 @ 1:08 PM

The year that flew by in slow motion | William Woodward

What a year 2020 was. As I entered into my role as chair of the Federation of Ontario Law Associations (FOLA) in November of 2020, I contemplated the year ahead and the goals FOLA hoped to achieve. ... [read more]

Wednesday, January 13, 2021 @ 11:01 AM

How to open Pandora’s tax box House in gift box

When a person owes money to the tax authorities, it could be perilous for that person to try to remove important assets from his or her personal patrimony (e.g., a house, a luxury car) by transferring them to a relative (e.g., his or her spouse, a child). This type of transaction to shelter assets from the tax authorities is not without risk for the person receiving the assets. ... [read more]

Wednesday, January 13, 2021 @ 8:41 AM

How one lawyer helps young litigators through modern training | Aaron Baer

“There are known knowns … there are known unknowns … but there are also unknown unknowns — the ones we don’t know we don’t know … it is the latter category that tends to be the difficult ones.” — Donald Rumsfeld, former U.S. secretary of defence. Law students and young lawyers often find themselves in the world of unknown unknowns. And that is a dangerous and very stressful place to reside. ... [read more]

Monday, January 11, 2021 @ 11:39 AM

Internet gaming changes coming to Canada Slot

Significant changes are on the horizon for Canada and Ontario’s gaming industry. Not only did the federal government recently introduce Bill C-13 to decriminalize single-event sports betting in Canada, but the Ontario government recently reiterated and expanded upon its intention to establish a modernized online market for Internet gaming (iGaming) in the province. ... [read more]

Friday, January 08, 2021 @ 2:19 PM

Tax considerations on troubled business acquisitions: Transaction forms and tax losses Laptop with calculator and documents

The global pandemic has created an unprecedented environment of uncertainty. Despite the downturn in many sectors of the economy, dealmakers forge ahead hoping to find opportunities amidst the storm. For middle market private businesses, the tax considerations can often weigh heavily on how a deal is structured and indeed, the viability of the transaction in some instances. ... [read more]

Thursday, January 07, 2021 @ 3:16 PM

Estate planning and preserving family wealth via corporation Businesswoman and man standing on money bags

The corporation is a powerful legal innovation that has contributed to the strongest economic growth in living standards in human history over the past two centuries. Corporations range all the way from global megacorporations with millions of shareholders to small private corporations with only a few.   ... [read more]

Thursday, January 07, 2021 @ 2:19 PM

Key energy themes from 2020 that will carry into 2021 Handholding

While COVID-19 management was the dominant policy focus of 2020, green and energy policies continued to be moved forward at all levels of government. For our “year in review,” we set out below selected energy policies from 2020 which will continue to attract political and investment interest into 2021. We hope you find them interesting. ... [read more]

Wednesday, January 06, 2021 @ 8:16 AM

Embrace of work-life balance coming to legal profession | Gary Joseph and Tori Joseph

We are bookends in the profession. The older one nearing the expiry of his useful shelf life as a lawyer (Gary, if you can’t tell from the pics) and Tori, the fresh and eager face in the profession. ... [read more]

Tuesday, January 05, 2021 @ 2:25 PM

Retroactive registration rescues real estate reseller Buildings and for sale sign

Tax matters are often technical, and little things can make the difference between a good night’s sleep and a nightmare. But given how technical these matters are, sometimes the taxman has the ability to fix a problem and even to do so retroactively. ... [read more]