Tax Alert Archives

Province of Ontario Introduces Legislation on Non-Resident Speculation Tax

The Minister of Finance (Ontario) introduced Bill 134, Budget Measures Act (Housing Price Stability and Ontario Seniors’ Public Transit Tax Credit), 2017 yesterday, providing a first look at legislation regarding the non-resident speculation tax for land transfers in the Greater…

Prepared by: Nicholas McIsaac

Nicholas is currently an articling student in the firm’s Toronto office Nicholas graduated from Osgoode Hall Law School in 2016, receiving the Dean’s Letter Recognizing Cumulative Overall Excellence. He was awarded prizes for the best combined marks in Commercial Law,… more »

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Federal Budget to be delivered on March 22, 2017

The Minister of Finance (Canada) has announced that the 2017 federal budget will be tabled in the House of Commons on March 22, 2017. For more information, please visit: http://www.fin.gc.ca/n17/17-013-eng.asp

Prepared by: Rebecca Potter

Rebecca Potter is an associate practicing in the firm’s Toronto office. Her practice focuses on all aspects of taxpayer representation and tax litigation and also includes tax planning for individuals, businesses, not-for-profit organizations, and charities. She has appeared before the… more »

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Post-Fairmont Hotels Inc. decision released in Supreme Court of British Columbia rectification case

In BC Trust v. Canada (Attorney General) (2017 BCSC 209), the Supreme Court of British Columbia dismissed an application for rectification, applying the recent Supreme Court of Canada decision in Fairmont Hotels Inc. (2016 SCC 56). The BC Trust case…

Prepared by: Rebecca Potter

Rebecca Potter is an associate practicing in the firm’s Toronto office. Her practice focuses on all aspects of taxpayer representation and tax litigation and also includes tax planning for individuals, businesses, not-for-profit organizations, and charities. She has appeared before the… more »

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Breaking News: Tax Court allows appeal in GAAR case

The Tax Court of Canada has allowed the appeal of the appellant in 594710 British Columbia Ltd. v. The Queen, 2013-4033(IT)G.  The Court held that the Respondent failed to demonstrate abusive tax avoidance at the primary tax debtor level by…

Prepared by: Natasha Reid

Natasha Reid is a partner in the Vancouver office specializing in taxpayer representation and litigation matters. She is also the Director of Associate Development for Thorsteinssons. Natasha has been practicing tax law since her call to the Bar of British… more »

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Significant Tax-Treaty Changes on the Horizon

On November 24, 2016, the Multilateral Convention to Implement Tax-Treaty Related Measures to Prevent Base Erosion and Profit Sharing was released by the OECD.  The multilateral instrument is aimed at implementing standards to counter perceived treaty abuse and to…

Prepared by: Jeanne Chiang

Jeanne is an associate in the firm’s Toronto office. Her practice centers on domestic tax planning for owner-managers, professional corporations, trusts and estates, and high-net worth individuals. She also advises clients on tax disputes with the Canada Revenue Agency. Jeanne… more »

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Bruce Russell, Q.C. Appointed to the Tax Court of Canada

On October 20, 2016, Justice Minister Jody Wilson-Raybould announced that Bruce Russell, Q.C. was appointed to the Tax Court of Canada to replace the Honourable C.J. Miller, effective immediately.  The official news release and a link to his biography can…

Prepared by: Michelle Chang

Michelle Chang is an associate working out of the Vancouver office of Thorsteinssons LLP. Michelle’s practice focuses on domestic and international tax planning for individuals, corporations and trusts, including estate and succession planning, corporate reorganizations, business structuring and immigration/emigration planning.… more »

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Finance Releases Legislation to Implement the Balance of the 2016 Federal Budget Measures and Amendments to Subsection 104(13.4) of the Income Tax Act (Canada)

On October 21, 2016, the Department of Finance released a Notice of Ways and Means Motion (http://www.fin.gc.ca/drleg-apl/2016/bia-leb-1016-eng.asp) implementing the balance of the 2016 federal budget measures, including the repeal of the eligible capital property rules and new rules precluding…

Prepared by: Michelle Chang

Michelle Chang is an associate working out of the Vancouver office of Thorsteinssons LLP. Michelle’s practice focuses on domestic and international tax planning for individuals, corporations and trusts, including estate and succession planning, corporate reorganizations, business structuring and immigration/emigration planning.… more »

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House of Commons Approves Carbon Tax

On October 5, 2016, the House of Commons approved Prime Minister Justin Trudeau’s October 3, 2016 motion to impose a carbon tax starting in 2018.  Pursuant to Trudeau’s plan, the federal government will set a minimum price of $10…

Prepared by: Michelle Chang

Michelle Chang is an associate working out of the Vancouver office of Thorsteinssons LLP. Michelle’s practice focuses on domestic and international tax planning for individuals, corporations and trusts, including estate and succession planning, corporate reorganizations, business structuring and immigration/emigration planning.… more »

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City of Vancouver Vacancy Tax to Start in 2017

The City of Vancouver will levy a tax on vacant residential properties starting in 2017 in an effort to increase housing stock in Vancouver.  It is proposed that the tax be administered through an annual declaration by property owners regarding…

Prepared by: Michelle Chang

Michelle Chang is an associate working out of the Vancouver office of Thorsteinssons LLP. Michelle’s practice focuses on domestic and international tax planning for individuals, corporations and trusts, including estate and succession planning, corporate reorganizations, business structuring and immigration/emigration planning.… more »

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