Focus On



Thursday, August 05, 2021 @ 1:44 PM

Compliance challenges with hiring international remote workers | Alex Bouaziz

Did COVID-19 spur your firm to embrace remote work? This was the case for a lot of businesses, and now that the structural changes needed to support teleworking and remote work have been set in place, many are pondering about hiring talent outside of the company’s home country. Technology is now better than ever at connecting workforces virtually, so it makes sense to no longer limit yourself to a geographic region when it comes to hiring the best for the team. ... [read more]

Thursday, August 05, 2021 @ 10:37 AM

Budget 2021: Revised value for duty regulations, part one Map of Canada with boxes of imports

Budget 2021, A Recovery Plan for Jobs, Growth, and Resilience (the budget) is a new federal budget proposal promoting national social and economic recovery in the wake of the COVID-19 pandemic. Among other things, the budget targets existing taxation systems and includes amendments to Canada’s customs and trade remedies regime. ... [read more]

Thursday, August 05, 2021 @ 9:33 AM

Calgary tax lawyer joins McCarthy partnership

McCarthy Tétrault welcomed Matthew Kraemer as a partner in the firm’s national tax group. ... [read more]

Wednesday, August 04, 2021 @ 10:48 AM

Mandatory disclosure in Quebec, part three quebec flag close up

Veracel Inc. (Veracel) filed bankruptcy proceedings and stopped carrying on its medical equipment business in 2002. On July 6, 2004, Birchcliff was incorporated as 1116463 Alberta Ltd., which changed to Birchcliff Energy Ltd. At the end of 2004, Veracel had a number of tax attributes, including $16,226,489 of its losses, expenses for scientific research activities, experimental development and investment tax credits as those of non-capital losses other than capital losses for its 2006 taxation year. ... [read more]

Tuesday, August 03, 2021 @ 9:32 AM

REAL PROPERTY TAX - Land transfer tax - Foreign buyers tax

Appeal by Li from the dismissal of her action that challenged the constitutionality of amendments to the Property Transfer Tax Act. The amendments imposed an additional transfer tax on foreign purchasers of residential property in specified areas of the province where foreign demand was shown to contribute to rising prices. ... [read more]

Tuesday, August 03, 2021 @ 8:36 AM

Codes of conduct: Training and international trade compliance Code of Ethics checklist

As we discussed in our first article, a corporate Code of Conduct (code) is an important method for companies to mitigate legal and reputational risk by promoting ethical and responsible conduct of their employees. Internal training is an important tool for creating awareness of these ethical and compliance obligations. Training sessions can help remind employees of their obligations, but also enhance their decision-making skills by applying the principles in the code to real-life situations that they may encounter in their everyday work. ... [read more]

Friday, July 30, 2021 @ 10:47 AM

Mandatory disclosure in Quebec, part two quebec flag close up

Guy Gervais, the appellant, and his brother Mario were shareholders in Vulcain Alarme Inc. (Vulcain) until 2002 (Gervais v. Canada 2018 FCA 3). At this time, they both received an offer to purchase from an arm’s length corporation, BW Technologies Ltd. The offer to purchase was accepted on or prior to Sept. 22, 2002, with the share capital, including 790,000 class “A” common shares, held by the appellant. With the knowledge that a sale was imminent, Gervais and his spouse sought advice from a law firm with respect to the tax implications of the planned sale and for advice on the transfer of $1 million from proceeds to Guy Gervais’s spouse Ms. Gendron in recognition of  her contribution over the years. ... [read more]

Thursday, July 29, 2021 @ 9:29 AM

Mandatory disclosure, Specified Transactions Act, Quebec quebec flag close up

Minister of Finance Eric Girard, of the National Assembly of Quebec, delivered the budget speech with a new act, the Specified Transactions Act, s. 1079.8.1 and 1079.8.63, within the Quebec Taxation Act, chapters 1-3 on March 21, 2019. The Act introduces fiscal measures with the effect of requiring mandatory disclosure of four transactions in the tax planning confines, giving the government the power to occasionally list these transactions. ... [read more]

Thursday, July 29, 2021 @ 8:48 AM

Codes of conduct: Guiding principles for corporate governance Code of ethics checklist

Adopting a corporate Code of Conduct (code) is an important method for companies to mitigate legal and reputational risk by promoting ethical and responsible conduct of their employees. Codes also offer an opportunity to define a company’s mission, its values and core principles concerning the conduct of its business. ... [read more]

Friday, July 23, 2021 @ 2:24 PM

National Summit on Islamophobia leads to funding for anti-racism projects

The federal government has committed to support eight projects through the Anti-Racism Action Program to “address Islamophobia and aim to remove systemic barriers faced by Muslim communities.” According to a government release, issued July 22, the government’s announcement was made as part of the National Summit on Islamophobia. ... [read more]