Tax Alert Archives September 2023

Constitutional challenge to the new reportable and notifiable transaction regimes as applying to legal professionals launched

On June 22, 2023, Bill C-47 received Royal Assent, bringing into force new or expanded mandatory reporting rules for certain “reportable” or “notifiable” transactions (the “Mandatory Disclosure Rules”). The Mandatory Disclosure Rules require taxpayers, promoters and certain advisors (including legal…

Prepared by: Antonio Alcantara Tangonan

Antonio Alcantara Tangonan is an associate working out of the Toronto office of Thorsteinssons LLP. Antonio is a Dual JD graduate from the University of Windsor and University of Detroit Mercy School of Law. In 2020, he competed in the… more »