Tax Alert Archives November 2021

COVID-19 Tax Update: Federal Government introduces legislation for next phase of pandemic recovery subsidies

On November 24, 2021, the Federal Government introduced Bill C-2 in Parliament to implement previously announced COVID-19 economic response measures aimed at industries and areas that may be particularly hard-hit by the pandemic’s lingering economic effects. This reflects a…

Prepared by: Sarah Faber

Sarah Faber is an associate practicing in the firm’s Toronto office. Her practice focuses on tax litigation and taxpayer representation at every level and also includes tax planning for businesses, individuals, not-for-profits and charities. She is currently working on a… more »

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Federal Court of Appeal Outlines Appeal Routes for CEWS Disputes

The Federal Court of Appeal recently outlined the correct appeal routes for employers who are denied a Canada Emergency Wage Subsidy (the “CEWS”) claim by the Canada Revenue Agency.

In general terms, the CEWS functions by deeming a qualifying employer…

Prepared by: Alexei Paish , Sarah Faber

Alexei maintains a broad tax practice with a view to achieving tax efficiency across all of his clients’ personal and business affairs. Alexei focusses on advising in respect of reorganizations of closely-held corporations, succession and estate planning, immigration/emigration tax planning,… more »

Sarah Faber is an associate practicing in the firm’s Toronto office. Her practice focuses on tax litigation and taxpayer representation at every level and also includes tax planning for businesses, individuals, not-for-profits and charities. She is currently working on a… more »

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2021 Ontario fall economic update – new corporate transparency reporting requirements proposed

On November 4, 2021, the Province of Ontario released its 2021 Fall Economic Update. Under the heading “Fighting Financial Crimes and Tax Evasion”, the government proposed new beneficial ownership information requirements for privately held corporations under the Ontario Business Corporations

Prepared by: Sarah Faber

Sarah Faber is an associate practicing in the firm’s Toronto office. Her practice focuses on tax litigation and taxpayer representation at every level and also includes tax planning for businesses, individuals, not-for-profits and charities. She is currently working on a… more »

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Land Owner Transparency Act (LOTA) – Deadline for Pre-Existing Owners to File Transparency Reports Extended By One Year

The B.C. Government has extended by one year the deadline for pre-existing owners of a registered interest in land that are reporting bodies to file a transparency report with the Land Owner Transparency Registry (the “Registry”). Prior to the extension,…

Prepared by: Alexei Paish

Alexei maintains a broad tax practice with a view to achieving tax efficiency across all of his clients’ personal and business affairs. Alexei focusses on advising in respect of reorganizations of closely-held corporations, succession and estate planning, immigration/emigration tax planning,… more »

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