Tax Alert Archives January 2016

CRA releases T2 Corporation – Income Tax Guide 2015

This guide gives basic information on how to complete the T2 Corporation Income Tax Return. This return is used to calculate federal income tax and credits. Corporations that have a permanent establishment in any province or territory other than Quebec…

Prepared by: Leonard Gilbert

Leonard graduated from the University of Toronto, Faculty of Law (J.D. 2015) and is currently a partner practicing in the firm’s Toronto office. He previously performed extensively as a concert pianist and attended the Jacobs School of Music at Indiana… more »

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Federal Court of Appeal overturns contested Tax Court decision in Gervais c. Canada

Federal Court of Appeal overturns the Tax Court of Canada’s finding that a sale of shares by husband to wife gave rise to income (case is in French): http://decisions.fca-caf.gc.ca/fca-caf/decisions/fr/item/127518/index.do

 

Prepared by: Leonard Gilbert

Leonard graduated from the University of Toronto, Faculty of Law (J.D. 2015) and is currently a partner practicing in the firm’s Toronto office. He previously performed extensively as a concert pianist and attended the Jacobs School of Music at Indiana… more »

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Department of Finance releases draft legislation on the taxation of trusts and estates

Department of Finance releases draft legislation on the taxation of trusts and estates: http://www.fin.gc.ca/drleg-apl/2016/trusts-estates-fiducies-successions-eng.asp

Prepared by: Leonard Gilbert

Leonard graduated from the University of Toronto, Faculty of Law (J.D. 2015) and is currently a partner practicing in the firm’s Toronto office. He previously performed extensively as a concert pianist and attended the Jacobs School of Music at Indiana… more »

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