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OUR 2017 STEP Journal article2 discussed British Columbia's 15 per cent property transfer tax (the Vancouver tax), applicable to certain foreign buyers of residential property ...

The 2017 US tax reform was breathtaking in the speed of its enactment, the breadth of its international provisions, and its complexity.

The federal government has finalized revised reporting rules for bare trusts, significantly narrowing the original requirements. While bare trusts are generally exempt from filing for 2023-2025, certain arrangements involving separated legal and beneficial ownership will face new filing obligations starting with the 2026 taxation year, with specific exemptions for family trusts, joint ownership arrangements, and principal residences.

In our January 2003 Corporate Finance Bulletin ("<B>January 2003 Bulletin</B>"), based on the Ontario Court of Appeal ("<B>OCA</B>") decision in <I>Transport North America Express Inc. </I>v. <I>New Solutions Financial Corp. ("<B>Transport 1</B>")</I>, we reported that Ontario Courts would no longer read down interest provisions of credit agreements to comply with interest rate limitations in the <I>Criminal Code of Canada </I>(the "<B>Code</B>"). On Febru

The Canada Border Services Agency has expanded its trade verification priorities to include enhanced scrutiny of steel and aluminum surtax compliance, CPTPP short supply lists, and Chapter 99 tariff classifications. Importers should review their exposure to these new enforcement priorities and ensure proper documentation of product end use for claiming relief.

Les obligations fiscales prévues à la partie VI.1 de la Loi de l'impôt sur le revenu (la « Loi ») sont souvent décrites comme « un risque caché pour les moins vigilants...

On October 27, 2017, under Bill C-63, the Department of Finance released proposed amendments to the Income Tax Act (Canada) ("ITA") introducing a new elective rule allowing non-residents tax-deferred ...

On November 19, 2012, the Tax Court released its decision in Berg v. The Queen (2012 TCC 406), which dealt with donative intent in the context of a donation scheme involving inflated charitable donation receipts.

Businesses often require employees to use automobiles to perform their employment duties. Most often, a business will provide an automobile to the employee or will pay the employee for use of the employee's own vehicle.

Canada's personal tax regime subjects a dividend received from a Canadian-resident corporation to tax at one of two effective tax rates depending on the tax treatment of the income of the corporation that paid the dividend.

Taxpayers may, under subsection 220(3.1) of the Income Tax Act ("Tax Act"), request relief for penalties and interest in what is referred to as a taxpayer relief application (formerly known as fairness application).

An Employee Ownership Trust (EOT) is a Canadian-resident trust designed to hold shares in qualifying businesses on behalf of employees, supporting succession planning and promoting employee ownership in small and medium-sized enterprises.

The growth of online retail sales has globally outstripped the growth of all other retail channels, including during the last recession.

The government budget in 2019 revealed that Canada intends to cap stock option deductions for individuals because the stock option tax deduction was regressive.

The 2018 Fall Economic Statement released measures focused on increasing Canadian competitiveness in the wake of deep corporate tax cuts by the United States.

On March 19, 2007, Canada’s minority Conservative government announced the 2007 Budget, which includes a number of tax measures intended to give technology companies that are incorporated in Canada greater access to international sources of capital.

The Tax Court of Canada and the Federal Court of Appeal have predominantly held that the standard of care required of directors to meet the due diligence defence test in Section 227.1(3) of the Income Tax Act (Canada) is subjective.