Author: Thorsteinssons LLP

Federal Budget 2021 – New rules Mean More Information Being Disclosed and Potentially More Enforcement

Published by Thorsteinssons LLP

Authored by:  Greg DelBigio, Q.C. and Morgan Watchorn

In Budget 2021, the federal government proposes to provide the Canada Revenue Agency (the “CRA”) with $230 million over five years as part of an ongoing focus on enforcing civil liabilities…

2021 Federal Budget – A Critical Analysis and Overview of the Principal Proposed Income Tax Measures

Published by Thorsteinssons LLP

Authors: Alexander Demner, Tyler Berg, and Gloria Wang

The federal government released its 2021 budget on April 19, 2021. Coming in as the longest budget in Canadian history, Budget 2021 proposes a myriad of income tax…

COVID-19 Tax Update: A Detailed Review of the New Canada Emergency Rent Subsidy (CERS) and Lockdown Support Programs

Published by Thorsteinssons LLP & Alexander Demner & Gloria Wang

Note: To enhance readability, readers may access a PDF COPY OF THIS BLOG POST HERE.

I.          Overview

On November 19, 2020, Parliament enacted the Canada Emergency Rent Subsidy (“CERS”). Ostensibly designed to replace the underutilized Canada Emergency…

Finance Proposes Substantial Changes to Private Corporation Taxation

Published by Thorsteinssons LLP

On July 18, 2017, the Department of Finance released its consultation policy paper on the taxation of private corporations first announced in Budget 2017, along with proposed legislation on some of the topics addressed.

The Minister’s introductory letter acknowledges the…