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Wednesday, June 07, 2017 @ 09:33 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 @ 02:28 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 @ 08:33 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 @ 08:27 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 @ 02:43 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 @ 08:39 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]

Thursday, May 18, 2017 @ 12:20 PM

Tax Views: Liability in non-arm's length transactions | Vern Krishna

As a general rule, a taxpayer is only responsible for his own taxes. However, an individual who receives property, whether directly or indirectly, in a non-arm’s length transaction, can become jointly and severally liable for the transferor’s outstanding taxes as at the date of the transfer if the transfer occurs at less than the fair market value of the property. ... [read more]

Tuesday, May 16, 2017 @ 09:46 AM

McInnes Cooper's Wallace named treasurer of CBA's Nova Scotia branch

McInnes Cooper counsel Daniel Wallace has been named treasurer of the Canadian Bar Association's Nova Scotia branch. ... [read more]

Tuesday, May 16, 2017 @ 08:59 AM

Trump’s tax plan may not be good for Canada

On April 26, 2017, the White House announced President Donald Trump’s new tax plan which promises what he says would be one of the biggest tax cuts in American history. He also says it would simplify the tax code. While the plan only outlines core principles, it does promise significant tax cuts, especially for corporations. However, Trump’s plan may not be such a welcome for non-Americans. ... [read more]

Friday, May 12, 2017 @ 12:16 PM

Tax Views: Capital gains exemption for corporate shares | Vern Krishna

The Canadian income tax system provides substantial advantages for small businesses to grow, and their owners to retire upon sale of the business. The rules, however, are written in tax language, which has a different grammatical style than ordinary English and should be parsed with care only by professionals trained in the language. ... [read more]