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The Canadian Minister of Finance served up his own Halloween trick to income funds and their investors on October 31, 2006, announcing Finance's intention to tax distributions made by publicly traded flow-through entities including income trusts and certain publicly-traded Canadian partnerships.

As tax-reporting season nears, millions of tax returns will be filed. At the same time, a similar number of criminal type offences will be committed with little or no appreciation of their implications and often even unwittingly.

Foreign companies and investors evaluating opportunities in Canada must consider how tax planning affects deal economics, financing flexibility, cash repatriation, treaty access and exit value. The structure and financing of an investment can significantly impact returns, flexibility and the ability to execute future growth plans, making early attention to these issues critical to avoid unnecessary cost and complexity.

The Minister of Finance (Canada) delivered the Canadian Federal Government's 2008 Budget on February 26, 2008. Highlights of the tax measures are summarized.

When Finance Minister Chrystia Freeland unveiled the 2024 budget to the House of Commons (the "2024 Budget") on April 16, 2024, the spotlight was firmly on the government's intention to increase the inclusion rate on capital gains.

Recent trends of a strong Canadian dollar and relatively low U.S. real estate prices have resulted in more Canadian residents investing in U.S. properties.

Now that the flurry of another tax season has come and gone, and we can put tax return preparation to the side until next year, its seems timely to consider in a dispassionate way how Canadian tax rates stack up against other countries, in particular the U.S.. Do we pay too much tax compared to other countries?

The Excise Act, 2001 governs taxation and regulatory frameworks for specified goods including tobacco, wine, spirits, and vaping products, with recordkeeping requirements among the most stringent in Canadian tax legislation. CRA is increasingly relying on imperfect or incomplete records as a basis for assessing additional duty, interest, and significant penalties.

The taxpayer was appealing reassessments that denied its claim for a small business deduction and limited expenses claimed on the basis that it was providing services as a "personal services business".

The Honourable Jim Flaherty, Minister of Finance, and Henry M. Paulson, Jr., U.S. Secretary of the Treasury, have signed the Fifth Protocol (the “Protocol”) to the Canada-U.S. Tax Convention (the “Convention”) on September 21, 2007.

A Canadian company that qualifies as a "Canadian-controlled private corporation" (CCPC) under the Income Tax Act (the Act) is eligible to receive certain benefits and preferential tax treatment...

Proposed amendments to the Income Tax Act introduced in the 2016 Federal Budget will significantly alter the Small Business Deduction (SBD) scheme for taxation years that begin following March 21, 2016.

In August 2015, Premier Wynne's Community Hubs Framework Advisory Group released a report titled Community Hubs in Ontario: A Strategic Framework and Action Plan (the "Community Hubs Action Plan").

More funding for worker training, expanded occupational safety enforcement and extended leave provisions are among the changes proposed in the 2015 Federal Budget.

Yesterday Albertans made a decision that surprised many in our province by electing an NDP majority government.

The Minister of Finance has recently tabled the 2013 federal budget, Economic Action Plan 2013, and some of the announced changes are of great importance for the mining industry.

La semaine dernière, lors de la présentation du budget 2016-2017, le gouvernement québécois a annoncé une intéressante nouvelle mesure de réduction d'impôt pour les sociétés innovantes admissibles œuvrant dans le secteur manufacturier.