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In a previous blog entry, we provided comprehensive commentary on the then-recently tabled Liquefied Natural Gas Income Tax Act.

The 2015 Ontario Budget, released on April 23, includes proposed measures that are intended to set the stage for consolidation within Ontario’s electricity distribution sector.

Beginning January 1, 2011, virtually every stock option exercise by an employee or director will trigger employer tax withholding and remittance requirements.

In Morguard Corporation v. The Queen, 2012 TCC 55, Justice Boyle of the Tax Court of Canada considered whether a "break fee" received by a predecessor of the Appellant (for the purposes of this discussion, the "Appellant") in respect of its unsuccessful attempted acquisition of a public corporation, was received on account of income or capital (there was also a procedural issue that will not be discussed in this post).

Effective January 1, 2005, the Canada Revenue Agency (the "CRA") has reversed its long-standing administrative policy on single-purpose corporations typically used by Canadian residents who own residential real estate or vacation properties in the United States. Consequently, many issues arise from an estate planning perspective for Canadian residents who already own or who plan to purchase personal-use residential property in the US.

In his recent decision in Aecon Construction Group Inc. v. The Queen, Justice Angers of the Tax Court of Canada adopted a practical and sensible approach to the problem of an expert witness potentially being conflicted out of a tax appeal because of having been approached by one of the parties which then decides not to commission a report from that expert.

The Minister of Finance delivered the 2014 Canadian federal budget today.

The small business corporate income tax rate will be reduced from 2.5% to 2% effective April 1, 2017.

Part VI.1 tax under the Income Tax Act is often described as a "trap for the unwary" because it can apply unexpectedly and at a steep rate.

During the Canada Revenue Agency (CRA) roundtable at the International Fiscal Association (IFA) conference in Toronto earlier this week, the CRA announced "administrative grandfathering" for...

Canada's 2026 federal budget introduces significant tax reforms designed to stimulate domestic investment and entrepreneurship. The budget unveils new capital gains exemptions for qualifying business sales, enhanced SR&ED commercialization expense deductions, and streamlined tax compliance measures for small and medium-sized enterprises. These initiatives represent a strategic shift toward reducing regulatory burden while incentivizing the growth and retention of Canadian-owned businesses.

Canada's new Productivity Mega Deduction permanently provides immediate expensing for a wide range of depreciable property and Canadian development expenses, dramatically expanding the scope beyond the previously announced Productivity Super Deduction. The measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4%, positioning it as the lowest among major economies and less than half the U.S. rate.

On July 18, 2017, the federal government of Canada introduced proposals ("announcements") curtailing the use of private corporations to gain tax advantages over other individuals in Canada...

Over the past several years, the Canada Revenue Agency (the "CRA") has been in the midst of a digital service transformation.

The CRA Charities Directorate has in recent years been actively updating and promoting the dissemination of its charity information.

Ontario’s Employer Health Tax Act (the “Act” and the “EHT”) regime contains important associated-employer and related-party rules impacting things like EHT Exemptions and the calculation...

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