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  • Article

    IRS Proposes Broad Limit On Intercompany Debt

    The Internal Revenue Service has proposed new regulations that would generally treat intercompany indebtedness in corporate groups with 80% common ownership as equity for U.S. tax purposes.
    CanadaTax
    Davies Ward Phillips & Vineberg LLP
    Davies Ward Phillips & Vineberg LLP
  • Article

    Just In Time For Legalization, Federal Government Publishes Proposed Cannabis Excise Duty Rates

    The federal government recently gave royal assent to the Budget Implementation Bill, 2018, No. 1, which amends the Excise Act, 2001 in order to implement a new framework for the taxation of cannabis.
    CanadaTax
    Blake, Cassels & Graydon LLP
    Blake, Cassels & Graydon LLP
Article

Loss Of U.S. Compensation Deduction As IRS Narrows View On “Performance-Based” Exception

US compensation deductions for certain payments are threatened by a recent IRS position that reverses a long-standing interpretation that certain bonuses arrangements qualify for an exception to Code Section 162(m)’s deduction limitation for “performance-based” compensation.
CanadaTax
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
  • Article

    Morguard Corp. v. R.

    In the recent decision Morguard Corp. v R., 2012 TCC 55, the Tax Court of Canada considered the proper tax treatment of a break fee in the hands of a recipient as a result of a failed takeover bid.
    CanadaTax
    McMillan LLP
    McMillan LLP
  • Article

    New Bank Of Israel Directive Is Prompting Canadian Taxpayers To Bring Their Tax Affairs In Order

    The Bank of Israel has recently implemented measures that are designed to minimize legal and reputational risks for Israeli banks.
    CanadaTax
    Borden Ladner Gervais LLP
    Borden Ladner Gervais LLP
  • Article

    New Considerations When Seeking To Multiply Access To The Lifetime Capital Gains Exemption

    Proactive planning to multiply access to the lifetime capital gains exemption ("LCGE") for shares of a qualified small business corporation ("QSBC") or qualified family farm property...
    CanadaTax
    Miller Thomson
    Miller Thomson
  • Article

    Now's A Good Time To Think About RRSPs

    A good way to begin is by taking stock of the past year.
    CanadaTax
    Lawyers Financial
    Lawyers Financial
  • Article

    Ontario's New HST Rebate: Key Details

    Ontario government announced a full HST rebate for new homes up to $1 million, with a maximum rebate of $130,000.
    CanadaTax
    Osler, Hoskin & Harcourt LLP
    Osler, Hoskin & Harcourt LLP
  • Article

    Parliament Passes Friendly Tax Changes For Farms And Small Businesses

    On June 23, 2021, the Senate of Canada passed Bill C-208 without amendment. The final formal step is for the Bill to receive Royal Assent, at which point the amendments will become law...
    CanadaTax
    MLT Aikins LLP
    MLT Aikins LLP
  • Article

    Québec Budget 2016-2017 Announces Changes To Transfer Duties

    The Québec 2016-2017 Budget delivered on March 17 announced a number of important changes to the province's land transfer duty regime.
    CanadaTax
    McCarthy Tétrault
    McCarthy Tétrault
  • Article

    Representation And Warranty Insurance In Canadian Technology M&A Transactions: What Risks Are Insurers Looking For? Part III: Tax Risks

    Representation and Warranty Insurance (RWI) is an increasingly important tool for managing transactional risk in technology-sector M&A.
    CanadaTax
    Stikeman Elliott LLP
    Stikeman Elliott LLP
  • Article

    Restrictive Covenant Rules – Good News Update!

    On July 28, 2014, we published a blog that discussed a recent Canada Revenue Agency announcement at the 2014 Society of Trust and Estate Practitioners Roundtable.
    CanadaTax
    Moodys Private Client Law
    Moodys Private Client Law
  • Article

    Roitelman: Director Not Liable Where Employee Engages In Deceit

    Can a director establish a due diligence defence with respect to unremitted source deductions where the responsibility for remittance lay with an employee?
    CanadaTax
    Bennett Jones LLP
    Bennett Jones LLP
  • Article

    Simplification Of Tax On Split Income Rules

    On December 13, 2017, the Department of Finance introduced revised rules relating to distributions of income (referred to as "income sprinkling") from a private corporation.
    CanadaTax
    Dentons Canada LLP
    Dentons Canada LLP
  • Article

    Staffing Agencies Caught By EHT!

    As discussed here, our recent file experience demonstrates that provincial governments, like Ontario's Ministry of Finance ("MOF"), are ramping up audits for Employer Health Tax ("EHT") liability.
    CanadaTax
    Millar Kreklewetz
    Millar Kreklewetz
  • Article

    Tax Exemptions For Non-Profit Organizations

    Canada Revenue Agency conducts an annual review to see how organizations which claim the tax exemption under paragraph 149 (1) (l) of the Income Tax Act operate.
    CanadaTax
    Boughton Law
    Boughton Law
  • Article

    Tax Risks From Underground Banks: Toronto Tax Lawyer Analysis

    Canada has been criticized for failing to police and control the growth of underground currency exchange and banking networks in Toronto.
    CanadaTax
    Rotfleisch & Samulovitch P.C.
    Rotfleisch & Samulovitch P.C.
  • Article

    Taxing Virtual Money: The Bitcoin And The CRA

    New business remains subject to the old taxes. Believing otherwise is wishful thinking. The latest tax topic in the world of technology is the Bitcoin.
    CanadaTax
    Dale & Lessmann LLP
    Dale & Lessmann LLP
  • Article

    Ten Things We Learned From The Tax Announcements

    Those of us following the Government of Canada's proposed tax changes since mid-July, experienced quite the wild ride last week.
    CanadaTax
    Crowe Soberman LLP
    Crowe Soberman LLP
  • Article

    The Checkup: 2020 Edition

    The 2020 issue of our annual newsletter, The Checkup, is now available for download.
    CanadaTax
    Crowe Soberman LLP
    Crowe Soberman LLP
  • Showing 601–620 of 3220 results

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