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Tax

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Thursday, March 28, 2019 @ 8:46 AM

Budget affects stock options, TFSAs and Individual Pension Plans Canadian_Tax_sm

Finance Minister Bill Morneau has tabled the Liberal government’s federal budget. He forecasts another year of deficits — $15 billion for the current year, $20 billion for next year, and no forecast for a return to a balanced budget any time soon. This is a far cry from the government’s pre-election promise of balancing the budget by 2019 as they will have added $75 billion to the national debt under their current mandate. ... [read more]

Wednesday, March 27, 2019 @ 9:27 AM

Share purchase agreements: Pre-closing tax liabilities corporate_tax_sm

In every share purchase agreement there are various provisions which allocate the risk associated with taxes amongst the buyer and the seller. While each agreement is unique in its details, reflecting the underlying objectives of the parties, there are general provisions, concepts and themes which can be seen in most share purchase agreements in Canada. One such theme is that buyers do not want to be responsible for taxes that relate to the target company’s pre-closing period. ... [read more]

Tuesday, March 26, 2019 @ 8:40 AM

Highly targeted federal budget has winners and losers | Alexandre Dufresne

On March 19, 2019, the Liberal government tabled a highly political and targeted budget, as it prepares for the next elections. ... [read more]

Tuesday, March 19, 2019 @ 9:47 AM

Women of Legal Tech honouree says ‘it is impossible to be the best lawyer you can be’ without technology Natalie Worsfold sm

Natalie Worsfold said her legal career path’s intersection with technology was a “happy accident.” However, her drive to be a better lawyer and involvement with tech has landed her on the American Bar Association's (ABA) 2019 Women of Legal Tech list. ... [read more]

Friday, March 15, 2019 @ 8:41 AM

Why I ran for office | Robert Geurts

Despite what Shakespeare claimed, there is a consensus that lawyers have something to contribute to the legislative policies of society. The truth is that many lawyers are in fact motivated to perfect the human condition in our overall evolutionary pursuit to become better people. I chose to run for public office because of the promise of what humanity could be; and I saw a call from the millennials for a creative solution revolution. ... [read more]

Monday, March 11, 2019 @ 1:32 PM

Ottawa promotes judge, appoints two others in B.C.

Justice Canada announced the following judicial appointments for the province of British Columbia on March 8: ... [read more]

Monday, March 11, 2019 @ 10:35 AM

A court where the complainant always wins provincial flags

There exists a little-known dispute resolution venue where the complainant has always won. It doesn’t have a permanent location, nor does it have a standing set of adjudicators. And at this venue, no matter how grievous the infraction of the responding party, there is no immediate pathway to seek compensation for damages. What adjudicatory system is this? It is the dispute resolution process under the Canadian Free Trade Agreement. ... [read more]

Monday, March 11, 2019 @ 9:24 AM

Beware misconceptions about U.S. residency rules american_calculator_sm

We’re in the throes of winter and countless Canadians spend time in Florida. But Snowbirds have a common misconception that they are limited to a stay of six months in the United States for any calendar year. U.S. immigration rules don’t actually impose such a limitation but allow a Canadian citizen to stay for six months at a time without a re-entry wait period, as long as the person is a temporary visitor. This means a Canadian can potentially stay much longer than six months without running afoul of American laws. However, U.S. laws are not limited to immigration laws. You also have to consider their tax laws and that means the IRS. ... [read more]

Thursday, March 07, 2019 @ 2:18 PM

Enforcing consistent accounting practices in British Columbia Dam

In February, British Columbia auditor general Carol Bellringer published a detailed report arguing that British Columbia Hydro should reflect standard accounting methods used throughout the industry elsewhere in the United States and Canada. This is a fairly radical act since the reading of Canadian Crown corporation financial statements has often required a substantial suspension of disbelief. ... [read more]

Wednesday, March 06, 2019 @ 2:51 PM

New tax partner for Dentons’ Edmonton office

Dentons announced that Mike Harris has joined the firm as a partner in the firm’s tax group in Edmonton. ... [read more]