The Tax Court of Canada recently released its decision in Hansen v. The Queen, 2020 TCC 102, the latest in a quickly growing body of caselaw dealing with “house flips”. The case dealt with a taxpayer, Mr. Hansen, who…
BC has announced a PST rebate for most incorporated businesses on select machinery and equipment purchased or leased between September 17, 2020 and September 30, 2021. This is a temporary program intended to help incorporated businesses recover from the…
The recent decision of Bishara c. Agence du revenu du Québec[1] is a win for a taxpayer on the sale of three condominiums in quick succession. This decision is unusual because the Quebec Court of Appeal (“QCA”) reversed the decision…
The CRA is expected to soon commence audit activities to review payments made pursuant to three of Canada’s COVID-19 relief programs: the Canada Emergency Wage Subsidy (“CEWS”), the Canada Emergency Response Benefit (“CERB”), and the Canada Emergency Student Benefit (“CESB”).…
Note: To enhance readability, readers may access a PDF COPY OF THIS BLOG POST HERE
On July 27, 2020, Bill c-20 An Act respecting further COVID-19 measures was enacted. This legislation includes the Time Limits and Other Periods…
On October 9, 2020, the B.C. government announced a new Small and Medium-Sized Business Recovery Grant program. The program will provide up to $300 million to B.C. businesses that experienced a 70% revenue loss during March and April 2020,…
On October 14, 2020, the Department of Finance released a backgrounder providing additional details on the proposed extension to the Canada Emergency Wage Subsidy (the “CEWS”) program, as first announced in the Speech from the Throne. Read our detailed…
Authored by St. John McCloskey
The B.C. government has declared that the substantive provisions of the Land Owner Transparency Act (“LOTA”) will largely come into force on November 30, 2020. First announced in June 2018, and enacted into law in…
On September 17, 2020, the government of British Columbia announced that it would introduce the B.C. Increased Employment Incentive (BCIEI). The BCIEI is a refundable tax credit with criteria similar to the federal Canada Emergency Wage Subsidy (CEWS); see…
The Minister of National Revenue (the “Minister”) recently issued orders pursuant to the Time Limits and Other Periods Act (COVID-19) (the “Act”), extending certain time periods under the Income Tax Act (“ITA”) and Excise Tax Act (“ETA”).
Most importantly, the…
