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The recent Federal Court of Appeal (FCA) decision in Yellow Point Lodge Ltd. v. Canada, 2020 FCA 195 (CanLII) (Yellow Point) is a reminder that timing can be everything when making donations...

On November 22, 2023, the British Columbia government announced a potential expansion of the application of the Speculation and Vacancy Tax Act (British Columbia) (the "Act").

Under the Income Tax Act (Canada), when an employee exercises a stock option to acquire shares, the difference between the value of the shares at the time the option is exercised, and the amount paid by the employee to acquire the shares is treated as a taxable employment benefit.

Recent changes to the Income Tax Act have caused many people to conclude that family trusts are no longer useful planning vehicles. Don’t be quick to jump to this conclusion. There are still many reasons to use family trusts.

On June 6, 2011, the Canadian federal government tabled a budget containing the same income tax measures as in its budget delivered on March 22, 2011.

On June 3, the Department of Finance, Canada released a consultation paper entitled "Pension Plan Investment in Canada: The 30 Per Cent Rule."

An expense is generally deductible for tax purposes if the taxpayer incurs it for the purposes of gaining or producing income.

On Thursday, February 26, 2009, the Federal Court of Appeal reaffirmed the importance of "certainty and stability" in the interpretation of bilateral income tax treaties with the release of its decision in The Queen v. Prévost Car, Inc. The Federal Court of Appeal unanimously upheld the lower court's decision that a Dutch holding company was the "beneficial owner" of dividends received from its Canadian subsidiary for purposes of the tax treaty between Canada and the Netherlands.

Since 2012, social contributions have applied at a rate of 15.5% on French rental income earned as of 1 January 2012.

The Senate of Canada is reviewing legislation which, if passed, would provide for greater flexibility and planning opportunities for tax-free intergenerational transfers of shares...

On October 30, 2014, Prime Minister Stephen Harper announced new tax measures that will allow income splitting and provide additional tax benefits to families with children.

After years of hard work in their family business and by making careful investments, Mary and Joe are in a position to help their married daughter, Isabel, and her husband, Bob, buy their first house together.

Just when high-net-worth taxpayers thought that the amount of tax they must pay could not get any higher, the Canadian government brought in new changes to the Alternative Minimum Tax (the "AMT") regime.

For tax purposes, the Canadian Revenue Agency requires businesses to complete all transactions at fair market value, but some businesses find themselves making special arrangements with family,

When implementing an estate freeze for a private corporation using a rollover provision of the Act, there is concern that the corporate attribution rule will apply.

Non-competition agreements and other forms of restrictive covenants are common features of employment contracts, as well as a wide variety of other types of commercial transactions.

Although changes in income tax legislation make tax planning for taxpayers increasingly challenging, tax legislation specific to farmers remains relatively unchanged and can be quite favourable.