Tax Alert Archives

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 »

Share

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…

Share

Employment Insurance Premium Rate Will Decrease in 2017

On September 14, 2016, the Canada Employment Insurance Commission, the body responsible for monitoring and assessing the Employment Insurance (EI) program, announced that the EI premium rate for 2017 will be $1.63 per $100 of insurable earnings, a decrease from…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on personal, corporate and trust planning for high net worth families, professionals, and owner-managers and their businesses, both domestic and international. He advises on corporate reorganizations, purchases… more »

Share

CRA Releases Information on Audits and Criminal Investigations of Offshore Activities

On September 7, 2016, Honourable Diana Lebouthillier, the Minister of National Revenue, announced that the CRA is currently conducting audits of over 750 taxpayers and criminally investigating 20 cases of tax evasion related to offshore activities.

Read the full press…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on personal, corporate and trust planning for high net worth families, professionals, and owner-managers and their businesses, both domestic and international. He advises on corporate reorganizations, purchases… more »

Share

Finance Proposes Amendment to Capital Dividend Account Definition

On September 16, 2016, the Department of Finance released proposed amendments to the Income Tax Act (Canada). Contained in that package is a proposed amendment to the definition of “capital dividend account” (CDA) in subsection 89(1), which is part of…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on personal, corporate and trust planning for high net worth families, professionals, and owner-managers and their businesses, both domestic and international. He advises on corporate reorganizations, purchases… more »

Share

Finance Proposes Amendments for Disposing of an Interest in a Life Insurance Policy

On September 16, 2016, the Department of Finance released proposed amendments to the Income Tax Act (Canada). Contained in that package are a series of proposed amendments to the rules in section 148 for determining the income tax consequences of…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on personal, corporate and trust planning for high net worth families, professionals, and owner-managers and their businesses, both domestic and international. He advises on corporate reorganizations, purchases… more »

Share

Finance Proposes Amendments for Bank of Canada Currency Exchange Rates

On September 16, 2016, the Department of Finance released proposed amendments to the Income Tax Act (Canada). Contained in that package are a series of proposed amendments in respect of how taxpayers convert foreign currencies to Canadian dollars for the…

Prepared by: Kyle Lamothe

Kyle is a partner practicing in the firm’s Toronto office. Kyle’s practice focuses on personal, corporate and trust planning for high net worth families, professionals, and owner-managers and their businesses, both domestic and international. He advises on corporate reorganizations, purchases… more »

Share