Tax

  • June 14, 2024

    Wide-ranging IMF report recommends improvements to Canadian fiscal, tax policies

    The International Monetary Fund (IMF) has released new findings following its annual analysis of Canadian fiscal policies, noting various issues that could be improved in areas such as housing affordability and climate policy and suggesting changes to tax regimes.

  • June 14, 2024

    Providing value to the difficult client | Jacob Murad

    Many lawyers (myself included) over the course of any practice, run into issues withdrawing from representing and terminating a difficult client. (A recent example of this was when Peter Nygard’s defence lawyer asked to be removed as his counsel just before his sentencing for sexual assault, reportedly due to a “breakdown and loss of confidence in the solicitor-client relationship.”)

  • June 13, 2024

    Liberal government unveils in Commons ‘2030 Nature Strategy’ and proposed Nature Accountability Act

    The minority Liberal government’s newly proposed Nature Accountability Act would hold Ottawa “accountable to make progress” (but not via an enforceable legal mechanism) toward the goal of protecting at least 30 per cent of Canada’s lands and waters by 2030, says federal Minister of Environment and Climate Change Steven Guilbeault.

  • June 13, 2024

    Business income within a TFSA is taxable, confirms Federal Court of Appeal

    The Federal Court of Appeal has dismissed an appeal of tax reassessments where the appellant argued that a tax-free savings account (TFSA) trust for a business should be tax-exempt because that is the case for a registered retirement savings plan (RRSP). 

  • June 13, 2024

    U.S. tech giants urge Washington to fight Canadian digital services tax

    Some of the largest U.S. tech firms are urging Washington to launch a trade dispute with Canada if the federal government passes legislation to create a three per cent digital services tax (DST) on large technology companies.

  • June 13, 2024

    Wealth advising for the future: The new paradigm

    I am an estate lawyer. As such, how many times have I said under my breath as my clients have exited the boardroom after an often lengthy, revealing, intense and always interesting meeting: “I don’t need a law degree — I need a psychology degree!”  

  • June 13, 2024

    The Leviathan must be stopped | Trevor R. Parry

    The Leviathan was a biblical sea monster that devoured all. Christian theologians associated it with the sin of envy, and the English political philosopher Thomas Hobbes used the name for the title of his seminal work. Hobbes argued that a social contract where the individual surrenders personal liberty to an absolute sovereign in return for security is better than chaos. It seems the Trudeau government has decided Canada should be home to this beast.

  • June 12, 2024

    Saskatchewan regulator details strategic plan progress for 2023

    Saskatchewan’s law society made strides last year in rolling out parts of its current Strategic Plan — particularly in promoting diversity and equality, ensuring the competence of new lawyers and increasing access to justice for the incarcerated.

  • June 12, 2024

    FEDERAL INCOME TAX — Business and property income — Capital cost allowance — Deductions from income

    Appeal by TPine Leasing Capital Corporation (“TPine”) from Tax Court’s decision allowing amendments to Crown’s reply to include alternative argument or basis, arguing whether subsection 152(9) of Income Tax Act (“Act”) allowed Minister of National Revenue’s (“Minister”) to rely on alternative argument or basis.

  • June 11, 2024

    Ex-Chief Justice of Canada says judges of Hong Kong’s Court of Final Appeal remain independent

    In the wake of Beijing’s escalating crackdown on independent voices and institutions in Hong Kong since China enacted and expanded a sweeping “national security law,” Hong Kong’s top court is still independent, retired Supreme Court of Canada Chief Justice Beverley McLachlin said as she announced her planned departure next month from the Hong Kong Court of Final Appeal.