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Effective September 20, 2020, the B.C.'s Land Owner Transparency Act (LOTA) was introduced to increase the knowledge of land ownership in the province in an attempt to prevent tax evasion...

Two recent Court of Appeal decisions, one in Ontario and one in B.C., provide considerable direction on the establishment of a due diligence defence in the context of environmental offences. <I>R. v. Petro-Canada </I>was released on January 29, 2003. It follows on the heels <I>of R. v. MacMillan Bloedel</I>, a 2002 B.C. Court of Appeal decision covering related ground.

New legislation provides favourable tax treatment for intergenerational transfers of family businesses.

On November 30, 2009, the Canadian Association of Pension Supervisory Authorities (CAPSA) released a consultation paper on "The Prudence Standard and the Roles of the Plan Sponsor and Plan Administrator in Pension Plan Funding and Investment" for comment.

The Canada Revenue Agency (the CRA) has developed administrative practices concerning the possible impact of cash collateral on the requirement for the 5/25 exemption that the Canadian borrower may not under any circumstances be obligated to repay more than 25% of the principal amount of the obligation within five years from the date on which the principal amount is advanced.

As we have written here and here, CRA is ALL over the Canadian real estate industry, assessing homebuyers, condo renters and everyone in between for GST/HST...

When Prime Minister Justin Trudeau's Liberal government announced its new 100% GST rebate for tax paid on the construction of qualifying new rental housing in September 2023...

As we have previously written here, the Canada Revenue Agency ("CRA") has significantly expanded its audit activity in the residential real estate sector – particularly targeting homeowners...

Under the withholding tax exemption provision in subparagraph 212(1)(b)(vii) of the Act, the lender may require early repayment of the debt in the event of a failure or default under the terms of the debt. However, there are numerous occasions in which the parties will agree to require early repayment of all or a portion of the debt, but do not wish there to be a default, as a default will typically accelerate all of the debt and have other consequences, including causing cross defaults on other

In writing this blog post, we are not advocating filing baseless, frivolous, vexatious and retaliatory "service complaints" against CRA auditors, collections officers and other employees of the CRA.

Le contexte socio-économique actuel au Québec a évidemment comme effet d'affaiblir les contribuables. Les coûts augmentent dans pratiquement toutes les domaines...

On February 4, 2022, the Department of Finance (Finance) released draft legislation that, among other things, implemented the 2021 Budget's commitment to expand Canada's mandatory tax disclosure requirements.

A review of assessment appeals, rebate applications and tax changes.

Planting roots in a new country is both exciting and worrisome. Many of us have contemplated owning foreign property that earns while we aren't staying in it.

In Re: Village Green Lifestyle Community Corp. (2007) CarswellOnt. 654 (Ont. S.C.J.) an insurer provided commercial general liability and property loss insurance to a retirement community situated on 164 acres, containing a retirement home, conference centre, health retreat, medical lab, golf course, rental apartments and outdoor recreation grounds.

Just as the Federal Budget spends $8 million to increase the burdens on charities to prove that they are staying away from political activities, the oil industry is trying to get Environmental Defence’s charitable registration revoked.

Over his career, the entrepreneur started several businesses some of which failed and some of which succeeded.

Business valuations are required for a variety of purposes, ranging from notional valuations to open market acquisitions and divestitures.