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The Quebec government first launched its Northern Plan, le "Plan Nord", in 2011 with great fanfare.

The 2012 federal budget (Budget) was presented by Canada’s Finance Minister Jim Flaherty in the House of Commons on March 29, 2012. The Budget proposes a number of tax initiatives of importance to the mining community.

How Canada's 2024 Budget and draft legislation open the door to employee-led business transitions through worker cooperatives.

On October 24, 2019, Alberta Finance Minister, Travis Toews, announced the 2019 Alberta Budget. Below is a summary of some of the tax and other measures that were included in the Budget.

In a judgment delivered March 30, 2017, the Federal Court of Appeal ("FCA") in Minister of National Revenue v. BP Canada Energy Company, 2017 FCA 61, unanimously upheld an appeal by BP (in dismissing the federal court judge's compliance order requiring BP to disclose its uncertain tax positions and underlying analysis contained in its tax accrual working papers ("TAWPs") pursuant to the Minister's inspection powers in subsection 231.1(1) of the Income Tax Act (the "ITA").

Private businesses - those with annual revenues typically ranging from $10 million to $250 million - form the backbone of Canada's private sector, contributing significantly to economic growth.

Canada has introduced the Productivity Mega Deduction, a permanent tax incentive allowing immediate expensing for most depreciable property and Canadian development expenses. How will this policy shift Canada's competitive position for business investment, and what strategic considerations should taxpayers evaluate when claiming these enhanced deductions?

In Canada v. Craig, 2012 SCC 43, the Supreme Court of Canada modified the combination test for determining whether the restricted farm loss rules in section 31 of the Income Tax Act (the "Act") apply to farming losses.

On September 21, 2007, Canadian Finance Minister, Jim Flaherty, and U.S Treasury Secretary, Henry M. Paulson, Jr., signed the Fifth Protocol to the 1980 Canada-U.S. Tax Treaty concluding nearly 10 years of negotiations.

An inversion transaction consists of a plan or a series of related transactions resulting in a foreign corporation becoming a "surrogate foreign corporation" (and thus becoming subject to certain U.S. tax implications).

Although a class of shares of a corporation may be publicly-listed, such a corporation may not necessarily qualify as a "public corporation" under the Tax Act.

The Canadian federal government is proposing a transformative Productivity Mega Deduction that would allow businesses to immediately expense the full cost of eligible investments rather than spreading deductions...

There are many tax practitioners and clients who will be significantly impacted by the content of the federal Budget.

In last month's article, I discussed what most business owners wonder about at some point: How do I best sell my business? In particular, I touched on the topic of who should you sell...

It is well established that paragraph 8(1)(b) of the Income Tax Act permits a taxpayer to deduct legal expenses incurred to collect or to establish a right to salary or wages owed to the taxpayer by an employer or former employer.

On March 10, 2020, as part of the annual Budget, Québec's Minister of Finance announced several tax measures for individuals and businesses.

We have discussed section 85 rollovers in a previous article, here . Many business reorganizations will be initiated for income tax planning reasons, often by the company's Toronto tax lawyer or accountant.