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In Canada Life, a Canadian subsidiary (Canada Life) received $3.5 billion of investment assets from its ultimate parent, which included a portfolio of U.S. dollar bonds.

In the March 2017 Federal Budget, the Department of Finance announced that it was studying certain aspects of the taxation of private corporations ...

Under Canadian tax law, corporations are able to issue dividends to certain other Canadian corporations on a tax free basis.

Section 160 of the Income Tax Act allows the CRA to hold transferees liable for a transferor's unpaid taxes when property changes hands between non-arm's length parties for less than fair market value. This provision catches not only intentional tax avoidance schemes but also ordinary family arrangements, corporate dividends, and estate planning steps that many advisers and taxpayers overlook until an assessment arrives years later.

Canada's transfer pricing rules, first introduced in 1997, have historically imposed disproportionate compliance costs on smaller businesses while primarily serving large multinational enterprises. New draft regulations released in July 2026 introduce a simplified documentation regime specifically designed to reduce transfer pricing complexities for smaller Canadian businesses, while maintaining the existing penalty framework.

A recent Ontario Superior Court decision has determined that commercial surety bonds—essential tools for importers and customs brokers securing obligations with the Canada Border Services Agency...

The Tax Court of Canada decision in Henco Industries Limited v. HMQ, provides litigation and tax practitioners with guidance on evidentiary and tax issues.

On February 16th, 2016, British Columbia Finance Minister Mike de Jong announced the 2016 British Columbia Budget.

The most significant Canadian tax technical bill in over a decade is now law, receiving royal assent on June 26, 2013.

A discussion on some of the more "unexpected and unusual elements" in Finance Canada's 947-page Notice of Ways and Means Motion that are "likely to affect the provision of future income tax advice."

The administrative position of Canada Revenue Agency (CRA) with respect to U.S. limited liability companies (LLCs) has created considerable consternation. CRA consistently repeated its position that LLCs that are treated as fiscally transparent for U.S. tax purposes will not be entitled to the benefits of the Canada-U.S. Tax Convention (the Convention) on the basis that they do not qualify as residents of the U.S. for purposes of the Convention even where all the members are U.S. residents.

Until recently, band-owned businesses in British Columbia tended to be structured in one of three forms...

Toronto Tax Lawyer Sabina Mexis discussed a CBC/Toronto Star investigation which looked into Canada's tax system...

Today is the second anniversary of the disastrous rollout of the July 18, 2017, Canadian private corporation tax proposals.

When a limited partner sells property to the limited partnership, is the limited partner itself a purchaser of that property, or is the only purchaser the general partner on behalf of the limited partnership?

As part of the 2023 federal budget, tabled on March 28, 2023, the government has introduced draft legislation to implement a new 2% tax on share buybacks that was first announced in November 2022...

On July 18, 2017, the Department of Finance released a set of proposals to amend the Income Tax Act (the "July 18 Proposals").

On July 31, 2015, the U.S. enacted The Surface Transportation and Veterans Health Care Choice Improvement Act, which revised the filing deadlines for certain U.S. income tax filings and foreign disclosure forms.