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Tax

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Friday, November 15, 2019 @ 9:10 AM

Till debt do us part: dividing liabilities Ax breaking chain

When most people think of family law cases, they think of fairly dividing the family assets: the house, the car, perhaps the heirloom grandfather clock. The flip side of the coin, however, is less straightforward. What is the best approach to untangling not just the assets, but the liabilities? ... [read more]

Thursday, November 14, 2019 @ 11:17 AM

Invesco case: Rebate for GST paid in error or notice of objection? Hand cutting tax balloon

In the recent judgment rendered in the Invesco case (SLFI Group v. Canada 2019 FCA 217), the Federal Court of Appeal ruled that a notice of objection is the only recourse available when an assessment is issued against a taxpayer, as opposed to a rebate for tax paid in error, even when the initial assessment was issued to a third party. ... [read more]

Wednesday, November 13, 2019 @ 8:54 AM

Proposed changes to foreign affiliate dumping rules Two businessmen in discussion

Recent proposed changes to the Income Tax Act could impact many Canadian corporations with foreign affiliates. ... [read more]

Tuesday, November 12, 2019 @ 1:32 PM

Stikeman Elliott adds 21 associates to Toronto office

Stikeman Elliott announced that it has welcomed 21 incoming first year associates to the firm’s Toronto office. ... [read more]

Monday, November 11, 2019 @ 10:41 AM

Access to Justice: A2J Week about innovation, collaboration, action | Beverley McLachlin

The end of October marked the celebration of Access to Justice Week in three Canadian provinces — Saskatchewan, Ontario and British Columbia. I was pleased to be able to join Ontario’s justice sector leaders for part of their deliberations on the future of access to justice in Ontario and to follow the activities in the other provinces, albeit from a distance. ... [read more]

Friday, November 08, 2019 @ 6:10 PM

Invesco case: Funding services not subject to GST/HST Hand cutting tax balloon string

In the recent judgment rendered in the Invesco case (SLFI Group v. Canada 2019 FCA 217), the Federal Court of Appeal ruled that a group of Canadian mutual funds was not required to self-assess GST/HST on funding services provided by a U.S. entity because these services were exempt financial services, rather than management or administrative services. ... [read more]

Tuesday, November 05, 2019 @ 2:07 PM

Quebec, Ottawa applaud Justice Kasirer, province’s new role in nominating Quebec SCC judges Chief Justice of Quebec Nicole Duval Hesler with Supreme Court of Canada Justice Nicholas Kasirer

The Supreme Court of Canada saw a rare display of federal-provincial unanimity Nov. 4 as the attorneys general of Canada and Quebec jointly hailed the top court’s newest judge and the province’s beefed-up role in the reformed process that culminated in Justice Nicholas Kasirer’s nomination. “The nomination of Justice Kasirer to the court is historic,” Attorney General of Canada David Lametti said of the new process during the welcoming ceremony in the Supreme Court’s courtroom which was packed with Justice Kasirer’s family and friends, along with many legal lights from the bar and bench in Quebec and across Canada. ... [read more]

Tuesday, November 05, 2019 @ 11:13 AM

Another look at taxing the rich Hockey player in silhouette

Some people argue that the wealthiest Canadians, who earn more than $250,000 annually, should be paying more in tax. As an adviser to a number of individuals who would be considered among Canada’s wealthiest, I can assure you that their tax returns tell a much different story. ... [read more]

Monday, November 04, 2019 @ 12:48 PM

McLachlin on A2J, climate change, sexual assault, AI, pro bono, lawyers’ ‘vital’ role Beverley McLachlin

The Charter may offer an avenue for combating climate change, former Chief Justice of Canada Beverley McLachlin says as climate litigation ramps up here and in the rest of the world. “I think the main obligation, constitutionally, for tackling this major problem rests with the federal government and the provinces — but courts are part of the picture because the [Charter s. 7] right to life, liberty and security of the person is something that all of us are entitled to, and climate change may tie into that,” Canada’s former top judge suggested in a wide-ranging LexisNexis Canada webinar on access to justice Oct. 10. ... [read more]

Monday, November 04, 2019 @ 11:50 AM

Time for fact check about making the rich pay Businessman handing money to another

In the federal election campaign, there was a not so subtle implication that “the rich” don’t pay their fair share of taxes. During the English leadership debate I lost track of the times political leaders mentioned the need for the wealthy to pay more. But the hard numbers don’t bear this out. ... [read more]