Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Tax

Latest

Friday, January 12, 2018 @ 9:47 AM

The Tax Court of Canada’s exclusive jurisdiction

The issue of choosing the correct court has been a problem for lawyers for 200 years, and it remains a concern when dealing with the Canada Revenue Agency (CRA). ... [read more]

Wednesday, January 10, 2018 @ 8:22 AM

Tax Views: Complex, uncertain split income rules not a good start to 2018 | Vern Krishna

We start the new year enthusiastic about our achievements in Canada. We are also mindful of the chaos that the minister of Finance caused last year with his tax reform proposals to promote so-called “fairness” for the middle class. The new taxes on split income (TOSI) target income shifting among shareholders of private corporations, such as professional corporations. ... [read more]

Tuesday, January 09, 2018 @ 2:37 PM

Gowling WLG grows team

As of the first of the year, Gowling WLG (Canada) LLP has 19 new partners. ... [read more]

Monday, January 08, 2018 @ 11:31 AM

FEDERAL INCOME TAX - Administration and enforcement - Objections - Limitation period - Extension of time to object by Minister

Appeals by the Minister of National Revenue from a decision allowing a judicial review application by ConocoPhillips Canada Resources Corp. (ConocoPhillips) in relation to the Minister’s refusal to grant ConocoPhillips a waiver to file a notice of objection relating to a reassessment for the 2000 taxation year. ... [read more]

Friday, December 29, 2017 @ 9:21 AM

Osler offers seminars on impact of U.S. tax reform on Canadians

During the busy year end, it’s hard to stay on top of all the twists and turns of U.S. tax reform. However, with the final bill having been signed by President Donald Trump only days before Christmas and the fact that many of the most important provisions become effective Jan. 1, 2018, there is no time to lose for Canadian businesses and investors in analyzing how this sea change will impact them. ... [read more]

Friday, December 29, 2017 @ 8:36 AM

More about what every lawyer should know about year-end tax planning Tax

This is part two of a two-part series. ... [read more]

Thursday, December 28, 2017 @ 8:47 AM

GOODS AND SERVICES TAX (GST) - Imposition and calculation of GST - Appeals - Tax Court of Canada - Federal Courts

Appeal by Farm Credit Canada from a Tax Court of Canada decision dismissing its appeal from a reassessment of GST made under the Excise Tax Act. ... [read more]

Friday, December 22, 2017 @ 10:31 AM

Watch for the distractions in government’s new tax proposals

You have probably seen that ad on CNN with an apple and a pair of chattering teeth sliding in front of it. The voiceover says one is an apple and the other is a distraction. The ad concludes ‘But it will never change the fact that this is an apple.” The ad, which is a not-too-discreet dig at shenanigans currently taking place in Washington, D.C., may also have some traction on this side of the border, especially where it concerns the federal government’s tax proposals. ... [read more]

Thursday, December 21, 2017 @ 8:17 AM

Tax tips every lawyer should implement now year_end_sm

Ideally, tax planning should be an ongoing process that lawyers, like other entrepreneurs or employees, focus on all year long. Given our busy schedules many lawyers pay attention to tax planning at year end, if at all. So here are some tax planning tips that, for the most part, should be implemented now. ... [read more]

Monday, December 18, 2017 @ 8:57 AM

Tax Views: Year-end tax planning for business | Vern Krishna

Canadian-controlled private corporations (CCPCs) that carry on an active business in Canada are taxable at special low rates. In 2017, the first $500,000 of income from such active business income (ABI) is taxable at a combined federal and provincial rate of about 15 per cent. Income above $500,000 is taxable at about 27.5 per cent. Hence, it is important to plan for shareholder and corporate taxation before the year end to maximize rates of return, and minimize the overall tax burden. ... [read more]