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Tuesday, June 13, 2017 @ 8:48 AM

How beneficiaries can escape the evidentiary void

When opening a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF), it is common practice to designate a beneficiary for the registered plan (RP). ... [read more]

Friday, June 09, 2017 @ 10:40 AM

Fasken Martineau launches portal for American businesses

Fasken Martineau has launched a new website offering the American market a portal to discover insightful tools on timely issues impacting their business in Canada. ... [read more]

Thursday, June 08, 2017 @ 8:40 AM

Walker West Longo adds associate to tax practice

Jamie Walker has joined Walker West Longo LLP's assessment and property tax practice as an associate. ... [read more]

Thursday, June 08, 2017 @ 8:33 AM

Stopping the clock on CRA reassessment Stopping the clock

One of the biggest concerns for executors is the possible exposure for the estate’s income tax liability.  Unsurprisingly, the expiry of the limitation period is often a great relief to executors.  The Canada Revenue Agency (CRA) is then, typically, prohibited from reassessing tax returns. But, there are circumstances that permit CRA to reassess a return outside of the usual limitation period. ... [read more]

Wednesday, June 07, 2017 @ 9:33 AM

Valuation: When the quoted share price is not the value

Valuation of investments in publicly traded companies are often required by lawyers working with clients involved in shareholder disputes, various tax issues, and matrimonial property division purposes. It is important to understand that the quoted share price is not always the value. There are two common situations giving rise to discounts from the quoted price. ... [read more]

Monday, June 05, 2017 @ 2:28 PM

Kjellander returns to Borden Ladner Gervais LLP in Vancouver

Kirsten Kjellander has returned to the tax group of Borden Ladner Gervais LLP in its Vancouver office, this time as a partner. ... [read more]

Monday, June 05, 2017 @ 8:33 AM

Appeal reversal grants relief from civil forfeiture

The Supreme Court recently refused leave to appeal from the decision of the Ontario Court of Appeal in Poplar Point First Nation Development Corporation v. Thunder Bay (City) [2017] S.C.C.A. No. 60, aff’ing 2016 ONCA 934, reversing 2016 ONSC 457. The Court of Appeal held that the court retains discretion to grant relief from forfeiture in a civil proceeding even where the forfeiture is created by operation of statute, as long as the statute does not explicitly or by necessary implication exclude the court’s power to do so. ... [read more]

Monday, June 05, 2017 @ 8:27 AM

Canada’s chance to shape tone, topics of new NAFTA talks | Dan Ujczo Flag cogs

While Donald Trump's administration has established the preliminary timing and tempo of the North American Free Trade Agreement (NAFTA) modernization, it will be the cross-border business and stakeholder communities that set the tenor and tone, as well as the targets and topics for NAFTA Next. ... [read more]

Wednesday, May 24, 2017 @ 2:43 PM

Dentons plans combination with Peruvian law firm

Dentons has announced it hopes to form a combination with Gallo Barrios Pickmann in Peru, one of the strongest and fastest-growing economies in Latin America. ... [read more]

Tuesday, May 23, 2017 @ 8:39 AM

Charitable pledges: Are they enforceable?

Charitable giving has a long and honorable tradition, as the names of many university buildings and hospital wings attest. Ryerson’s Ted Rogers School of Management is a tribute to its namesake, whose family has donated over $27 million to the university. Earlier this year, the main campus of Toronto East General was rechristened Michael Garron Hospital after the Garrons donated $50 million. While the philanthropic urge may be widespread, the fulfillment of charitable pledges is not a foregone conclusion. That is because charitable pledges, where the donor promises to make a contribution in the future, are generally not enforceable at common law. ... [read more]