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Tuesday, October 17, 2017 @ 8:39 AM

Director resignations and personal liability for corporate tax debts

The prospect that a corporate director may be held personally liable for corporate tax debts is the stuff of nightmares. The possibility exists, however, because the Canada Revenue Agency may look to the directors to collect a corporation’s unpaid HST or payroll taxes. ... [read more]

Monday, October 16, 2017 @ 3:38 PM

Feds announce tax break for small businesses

Starting in January 2018, Canadian small business owners can expect to see their federal tax bill drop. ... [read more]

Monday, October 16, 2017 @ 8:35 AM

CIVIL PROCEDURE - Disposition without trial - Discontinuance

Appeal by the plaintiffs, Holterman and Tiffin, from refusal to set aside a discontinuance of their action against the defendants, Fish and the federal Crown, alleging misfeasance in public office. ... [read more]

Wednesday, October 11, 2017 @ 8:47 AM

Tax treatments of professional corporations: How to change

Professional corporations allow lawyers to enjoy the tax benefits of a small business corporation, although not the limited liability protection. The professional corporation is the most tax efficient structure available for a sole proprietorship or small partnership. ... [read more]

Friday, October 06, 2017 @ 9:27 AM

FEDERAL INCOME TAX - Business and property income - Expenses - Capital expenditures, distinguished - Repairs, maintenance and alterations - Appeals - Tax Court of Canada

Appeal by Aon Inc. from an assessment by the Minister of National Revenue for its 2010 and 2011 taxation years allowed. ... [read more]

Thursday, October 05, 2017 @ 2:44 PM

Quebec court ruling may give tax authorities 'more flexibility' with probes Christopher_Mostovac

The Quebec Superior Court overturned a ruling that held that the investigative methods used by federal and provincial tax authorities to investigate corruption in the Quebec construction industry were “highly reprehensible,” paving the way for Canada Revenue Agency and Revenue Quebec to once again pursue tax evasion inquiries that were put on hold for the past two years. ... [read more]

Thursday, October 05, 2017 @ 8:48 AM

A cautionary tale: How Canada Revenue Agency helps U.S. collect taxes IRS_sm

American citizens and green card holders living in Canada should file their U.S. taxes, or face the consequences. A case involving a U.S. citizen living in Canada who was ordered to pay a hefty penalty in U.S. district court serves as a cautionary tale. ... [read more]

Tuesday, October 03, 2017 @ 9:49 AM

Tax specialist joins Borden Ladner Gervais

Laurie Goldbach is the latest partner in Borden Ladner Gervais LLP (BLG)'s Calgary tax group. ... [read more]

Thursday, September 28, 2017 @ 8:24 AM

Tax treatments of partnerships and LLPs

Previously only method of operation of a law firm with multiple equity owners, is a general partnership. Partnerships are creatures of the common law, although the rules have now been codified in statute, and exist whenever persons carry out business in common with a view to profit. While a partnership is not a separate person in law, unlike a corporation, it does have an existence separate and apart from the individual partners. The accounting and taxation are more complex. ... [read more]

Tuesday, September 26, 2017 @ 11:49 AM

Ontario government sued over energy charge Jerome Morse, Morse Shannon LLP

An Ontario manufacturer has filed a lawsuit against the provincial government arguing the global adjustment (GA) fee charged on energy bills is unconstitutional, a case that an observer says will end up in front of the Supreme Court of Canada "no question." ... [read more]