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Explore recent developments in Canadian tax law, corporate restructuring, and energy policy through expert legal analysis. From employee ownership trusts to carbon capture tax credits, discover how regulatory changes are shaping business strategy and compliance requirements across multiple sectors.

A Justice of the Alberta Court of Queen's Bench has provided a detailed summary of the current Alberta law with respect to the presumption of advancement and the presumption of resulting trust...

The debtor engaged in extensive shenanigans and transfers. He claimed a trust in favour of a corporation when the corporation was not incorporated until many years after the date the trust allegedly arose.

We previously wrote on Finance Canada's proposed expansion of the reporting requirements for Canadian trusts, including the proposed expansion of the rules to capture bare trust arrangements.

The 2018 Canadian Federal Budget introduced proposals that will require certain trusts to disclose significant information about the trust.

On Nov. 16, 2015, I wrote about the ongoing saga regarding subsection 104(13.4) and some good news that was released by the Department of Finance.

The Minister of Finance previously released draft legislation to require the disclosure of certain information on each trustee, beneficiary, settlor and protector of a trust, subject to limited exceptions.

Trusts are powerful tools for preserving wealth and facilitating intergenerational transfer, yet they remain widely misunderstood by families with business or investment assets. This article examines the fundamental nature of trusts, the critical distinction between legal and beneficial ownership, and how proper education and thoughtful design can help families avoid common pitfalls. Michael Goldberg explores why misconceptions about trusts can lead to confusion and conflict, and how to ensure these plannin

On March 28, 2024 (the last business day prior to the April 2nd trust reporting deadline), the Canada Revenue Agency ("CRA") announced that the CRA will not require bare trusts...

All trusts that continue to be in effect past December 31, 2020, will be subject to new reporting requirements and harsh non-compliance penalties for incomplete or inaccurate information.

Lawson Lundell lawyer Megan Kaneen co-authored an article with Allen Furlong in the International Foundation of Employee Benefit Plans (IFEBP) magazine, Plans & Trusts.

On October 29, 2024, the Canada Revenue Agency ("CRA") announced that it will not require bare trusts to file a T3 Income Tax and Information Return ("T3 Return"), including Schedule 15 (Beneficial Ownership...

On March 28, 2024, the Canada Revenue Agency ("CRA") released a statement exempting bare trusts from having to file a T3 Income Tax and Information Return...

On November 21, 2023, the Government of Canada released its Fall Economic Statement. Among the measures included in the statement are improved tax incentives for Employee Ownership Trusts.

You are at your desk. An email flashes across your screen. One of the bankruptcy trustees you have recently begun acting for asks you to call.

The CRA will work with the Department of Finance to further clarify its guidance on this filing requirement.

In Levesque v Crampton Estate, the Court of Appeal for Ontario held that the two year limitation period in the Trustee Act applies to crossclaims, overturning the decision at first instance.