Focus On

Tax

Latest

Wednesday, July 15, 2020 @ 3:09 PM

B.C. forecasts $12.5-billion deficit in 2020-21

B.C. has released its economic and fiscal update for the 2020-21 fiscal year, showing an estimated deficit of over $12.5 billion as the province deals with the fallout of the COVID-19 pandemic. Finance Minister Carole James presented the update July 14. ... [read more]

Wednesday, July 15, 2020 @ 10:37 AM

New commercial partner for Dunton Rainville

Dunton Rainville announced that Simon Labrecque has joined the Quebec firm as a partner in the commercial and transactional affairs group. ... [read more]

Tuesday, July 14, 2020 @ 1:29 PM

Growth vs. fixed mindset: Lawyers embracing COVID-19 changes | Aaron Baer

Every day, I’m reminded that COVID-19 has caused massive societal change. Subways and streetcars are operating at minimal capacity, gatherings of friends and family remain restricted, and the majority of office workers are working from home. Dozens of companies have declared bankruptcy, hundreds of stores have closed permanently and millions of jobs have been lost. ... [read more]

Tuesday, July 14, 2020 @ 9:13 AM

Who owns outer space? Cartoonmaninspace.jpg

“Sovereignty in the relations between Independence in regard to a portion of the globe is the right to exercise herein, to the exclusion of any other State, the functions of a State. The development of the national organisation centuries and, as a corollary, the development of international law, have established this principle of the exclusive competence of the State in regard to its own territory in such a way as to make it the point of departure in settling most questions that concern international relations” (S.S. Lotus (Fr. v. Turk 1927 P.C.I.J. (ser. A) No. 10 (Sept. 7)).  ... [read more]

Monday, July 13, 2020 @ 2:09 PM

Capital markets task force issues guidance aimed at fuelling economic growth, diversity Ramandeep Grewal sm

A task force report recommending significant changes to the regulation of Ontario’s capital markets is calling for new disclosure rules to promote greater corporate diversity and a unified agency to govern investment dealers, mutual fund dealers and some other investment professionals. ... [read more]

Monday, July 13, 2020 @ 1:58 PM

Clarity on calculating income replacement benefits for self-employed — sort of Dollar sign in life preserver

Income Replacement Benefits (IRBs) are meant to provide those injured in a motor vehicle accident with guaranteed, limited income (subject to meeting the threshold). For many years defence and plaintiff counsel, accountants/chartered business valuators and insurance adjusters have contested the calculation of IRBs for self-employed individuals. ... [read more]

Monday, July 13, 2020 @ 12:32 PM

Unexpected evolution of hybrid hearings Hybridmeeting.jpg

The COVID-19 pandemic forced courts around the world to close their doors and drove a rapid shift to virtual working, with thousands of court hearings taking place via videoconferencing using digital court documents. The result? The world’s largest experiment in digital justice. Now as courts across the country consider how to reopen, a hybrid model is emerging in which courts conduct a mix of virtual and physical hearings. Lessons learned from this huge international experiment will help to shape a secure and sustainable model for future working in the courts. ... [read more]

Friday, July 10, 2020 @ 1:00 PM

Tax concerns for Canadians selling U.S. real estate House for sale

As the U.S. dollar has strengthened and travel continues to become more difficult, Canadians are increasingly selling U.S. real estate. Others are looking to gift a property, downsize or upgrade. Regardless of the reason, Canadians need to be aware of some obstacles that slow down sales or have adverse tax consequences. ... [read more]

Thursday, July 09, 2020 @ 4:04 PM

Ontario economic recovery bill proposes sweeping legislative changes

In its second major legislative initiative in as many days, Ontario Premier Doug Ford’s government introduced a wide-ranging omnibus bill July 8 designed to stimulate the province’s pandemic-depressed economy while making changes to 20 pieces of legislation. ... [read more]

Thursday, July 09, 2020 @ 11:28 AM

Nova Scotia small claims court expands services

As part of a gradual expansion of services, Nova Scotia’s small claims court is now accepting non-urgent filings and hearing more matters by telephone. According to a July 8 notice, counsel and involved parties “will be able to file Notices of Claim, Taxations and Residential Tenancy Appeals documents by mail or in-person via drop boxes set up in the courthouses.” ... [read more]