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This article is part of a series dealing with draft legislation released for comment by the Department of Finance on July 29th.

On March 19, 2019, the Federal Budget proposed to change the employee stock option tax regime.

Changes to the capital gains tax in Canada have created ripples across the corporate landscape.

There is a seismic shift underway in Canada.

While the Canadian market is increasingly seen as an attractive one for U.S. private equity investors, real success depends on identifying the substantive differences between the two regimes and structuring the investment accordingly.

On September 27, 2017 the Republican Party released their long anticipated proposal for U.S. tax reform. The key takeaways of the framework have been summarized below.

Canada's sales tax system combines federal GST with provincial variations including HST, QST, and PST regimes. Understanding registration requirements, collection obligations, and recent digital economy rules is essential for businesses operating across different provinces, particularly non-resident suppliers navigating complex cross-border tax compliance.

The Supreme Court of Canada has confirmed that a trust is resident in the jurisdiction where it makes its management decisions.

Ontario’s Bill 65, the Not-For-Profit Corporations Act, 2010 (the "New Act" or the "Bill") was recently introduced, less than one year after the Canada Not-For-Profit Corporations Act, 2009 (the "Federal Act") was given Royal Assent.

Bob Dylan wrote a song that had the phrase: "For the times they are a changing".

As most everyone knows, these arrangements are illegal.

According to the Liberal government, it's all about the future. And not necessarily a bright future. Rather, Finance Minister Bill Morneau spoke about getting Canadians ready for a changing world...

On August 12, 2024, draft legislative proposals were introduced by the Department of Finance that, among other things, are designed to clarify the bare trust reporting rules...

In what circumstances can a party obtain a large lump-sum cost award after a favourable Tax Court decision?

The Canada Revenue Agency has quietly shifted its administrative position on cannabis trim classification, moving from treating it as lower-taxed non-flowering material to higher-taxed flowering material. This policy change is now resulting in significant audit assessments for cannabis producers who relied on CRA's previous guidance, potentially creating substantial additional duty exposure across the industry.

The Tax Court of Canada's decision in Kruivitsky v. The King addresses whether taxpayers can claim deductions for legal fees paid on behalf of relatives in tax disputes. This ruling examines the scope of subparagraph 60(o)(i) of the Income Tax Act and its implications for family-funded tax appeals.

On Tuesday, President Obama signed into law H.R. 1, The American Recovery and Reinvestment Act of 2009. At an estimated cost of US$787 billion, the law is focused on tax relief for individuals and job creation.