The Tax Court of Canada (“TCC”) recently issued a Practice Direction and Order (the “Order”) allowing parties to proceedings covered by the Tax Court of Canada Rules (General Procedure) to consent to be served by e-mail. The Order can be…
In a news release dated February 9, 2022, Canada’s Department of Finance announced its intention to extend enhanced key support programs to aid workers and businesses through ongoing public health restrictions.
Using regulatory authority provided in Bill C-2, the…
On February 4, 2022, Canada’s Department of Finance published draft legislative proposals and related materials (the “Published Materials”) for public comment. The Published Materials relate to the proposed implementation of various tax measures, including those outlined in the Government of…
On December 16, 2021, the Office of the Prime Minister issued a mandate letter to the Deputy Prime Minister and Minister of Finance, Chrystia Freeland. The letter asked that steps be taken to establish or strengthen programs addressing public…
In a unanimous decision, the Supreme Court of Canada has dismissed the Crown’s appeal in Canada v. Loblaw Financial Holdings Inc. (2021 SCC 51), holding that Loblaw Financial was entitled to rely on the financial institution exception set out in…
On November 25, 2021, the Honourable Eugene P. Rossiter provided an update on behalf of the Tax Court of Canada at the Canadian Tax Foundation’s 73rd Annual Tax Conference.
The Chief Justice commented on administrative matters at the Court and…
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…
The Supreme Court of Canada has dismissed the Crown’s appeal in Canada v. Alta Energy Luxembourg S.A.R.L.(2021 SCC 49). The Court concluded that the Minister of National Revenue did not discharge her burden of proving abusive tax avoidance in…
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…
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…