Tax
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August 22, 2025
Natural resources, tech firms drive Canadian deal flow increase despite tariff uncertainty
Investment activity in Canada has accelerated in recent months despite persistent concerns over U.S. tariffs and global economic headwinds, with deal flow expanding across natural resources, technology and energy, according to Cassels Capital Markets partner Jonathan Sherman.
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August 22, 2025
PM removes tariffs on U.S. goods covered by CUSMA, 85% of trade with U.S. now tariff-free
Prime Minister Mark Carney has announced today that the Canadian government is removing all of Canada’s retaliatory tariffs on U.S. goods specifically covered under the Canada-United States-Mexico Agreement (CUSMA). The decision will become effective Sept. 1 and matches what the United States has implemented. “In short, Canada and the U.S. have now re-established free trade for the vast majority of our goods,” the prime minister said in a press conference.
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August 21, 2025
‘Inadequate’ pay deters outstanding jurists from federal bench; $28,000 boost needed: commission
Canada’s 1,198 federally appointed judges should get a substantial lump sum salary increase — $28,000 — as their pay package is no longer enough to attract “outstanding” private bar lawyers to the bench, says the federal Judicial Compensation and Benefits Commission, echoing warnings made by federal judicial leaders over the past few years.
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August 21, 2025
When CRA reassesses and disallows deductions on rental property expenses — Blecha v. Canada
In Blecha v. Canada, 2025 TCC 91, the Tax Court of Canada examined whether a taxpayer was entitled to claim deductions for expenses on a property he owned and said was being rented to his mother. The decision turned on whether the property was a genuine income-producing rental property or a personal-use residence.
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August 20, 2025
Laura Scheim returns to Osler’s tax group as partner
Osler has welcomed back Laura Scheim, who joins its tax group as a partner in the Montreal office.
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August 19, 2025
Feds announce preliminary list of Livestock Tax Deferral regions for 2025
The federal government has announced the “initial list” of regions that will qualify for the Livestock Tax Deferral in 2025, noting the “challenging effects of climate change.”
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August 19, 2025
Santia named partner, Benlolo associate at Aird & Berlis
Robert Santia, who speaks English, French, Italian, Portuguese, Spanish and conversational Mandarin, has been named a partner at Aird & Berlis.
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August 19, 2025
Determining value for corporate beneficial ownership registers
Recently enacted legislation requires additional reporting of beneficial ownership for private company shares, including as regards shareholders that are trusts. In order to comply, one criterion to determine is whether an ownership interest has sufficient value to be reported, an area where the legal rules combine with business valuation principles to arrive at the correct reporting position.
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August 18, 2025
Ottawa proposes tax measures to enable capital gains rollover, business sales to employees
The federal government has released draft legislative proposals to implement a slew of tax measures including a relaxation of conditions for capital gains rollover on small business investments and a capital gains exemption on the sale of businesses to employee ownership trusts (EOTs).
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August 18, 2025
Lavery welcomes Michael Debay and Sarah Trublard as lawyers
Lavery has announced the appointment of two new lawyers to its Montreal office: Michael Debay and Sarah Trublard.