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Monday, November 09, 2020 @ 1:48 PM

Court upholds application of anti-avoidance rule to limited partner: Decision and considerations Cityscape

On Sept. 14, the Federal Court of Appeal released its decision on Gladwin Realty Corp. v. Canada 2020 FCA 142. The Federal Court of Appeal dismissed the taxpayer’s appeal from the Tax Court of Canada, denying the tax benefit obtained through a complex series of transactions under the general anti-avoidance rule (GAAR). ... [read more]

Thursday, November 05, 2020 @ 12:40 PM

Why paralegals are force behind innovation in law firms paralegals_sm

Paralegals are already a vital resource to law firms, but with the onslaught of tools on the market that help automate the more mundane and repetitive parts of their work, they are about to become much more valuable. ... [read more]

Thursday, November 05, 2020 @ 11:03 AM

More tax advantages from incorporation for professionals, business owners Youngwomanlooking.jpg

In the first part of this article, I discussed the principle that allows a significant tax saving from incorporation. This occurs when the owner retains the income within the corporation. The corporate tax rate that is taken off this is very low, at the small business tax rate (12.2 per cent in Ontario). This means that there is much more capital to invest on which future compounding will occur than if it had been immediately received as personal income and taxed at the high personal marginal tax rate. ... [read more]

Thursday, November 05, 2020 @ 9:31 AM

Stikeman adds tax and pensions counsel to Montreal office

Stikeman Elliott announced that Mark Firman has joined the firm’s tax and pensions and benefits groups as a counsel in the Montreal office. ... [read more]

Wednesday, November 04, 2020 @ 1:51 PM

Tax reduction advantages from incorporation for self-employed Youngwomanwithaclipboard

There are many advantages to incorporation. One of the biggest of these is the very low corporate tax rate on what is called small business income, which also applies to professional income. Self-employed professionals who earn high incomes can significantly leverage the power of compounded investment returns and end up with a much higher net worth. ... [read more]

Wednesday, November 04, 2020 @ 12:56 PM

Paralegals and access to justice | Grazia Condello paralegal_sm

Long before becoming a licensed paralegal, I began my career in 1998 as a law clerk in a law firm. Part of my role involved reviewing disclosure and going to the Law Library at 130 Queen St. in Toronto to research case law (before legal research was revolutionized by the Internet). ... [read more]

Tuesday, November 03, 2020 @ 1:38 PM

Is SCC looking like SCOTUS?: The language in Fraser v. Canada supreme_court_question_sm

There’s something afoot in the Supreme Court of Canada. And it adds heavy fuel to the debate about the extent to which the court is becoming politicized. ... [read more]

Tuesday, November 03, 2020 @ 11:21 AM

Quebec court applies Jordan ceilings in tax evasion case Sarah Gorguos

A Quebec man who was accused of tax evasion by provincial tax authorities won an important legal battle after the Court of Quebec applied the landmark Jordan ruling and ordered a stay of proceedings and charges. ... [read more]

Tuesday, November 03, 2020 @ 9:35 AM

Family cottage: Registering real estate agreements on title, interfamily sales cottage2

“Some people create their own storms, and then get upset when it rains.” ... [read more]

Tuesday, November 03, 2020 @ 8:20 AM

Why lawyers should work with paralegals | Karen Heath paralegal_sm

Rewind about five years. I am three weeks post-call and about to test out my litigation chops for the first time in provincial offences court. I have a script. It’s in 24 font and averages about 30 words per page. It includes my name written out so I remember to say it on the record, H-E-A-T-H, first initial K. I kid you not. I clerked, you see, so my in-court appearances were nil compared to my firm-articled compatriots. And I am nervous. ... [read more]