Tax
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April 08, 2025
Joint Forum of Financial Market Regulators discuss responsible use of AI
Canadian financial market regulators from across multiple sectors wrapped up their annual meeting April 8 in Calgary after examining the growing use of artificial intelligence (AI) systems by market participants, among other issues.
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April 08, 2025
B.C. Appeal Court overturns decision on ‘foreign entity’ land transfer tax
British Columbia’s top court has overturned a decision that said a company was not liable for a “foreign entity” land transfer tax because it had acted as an agent in the sale of a property and was not a transferee.
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April 08, 2025
Foreign ownership and real estate: Appeal Court upholds foreign buyer tax reassessment in B.C.
A recent appeal heard by the British Columbia Court of Appeal considered the applicability of the additional property transfer tax (ATT), or “foreign buyer tax,” under the province’s Property Transfer Tax Act, R.S.B.C. 1996, c. 378.
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April 08, 2025
State-ordered executions topped 1,500 globally: Amnesty International | Aubrey Harris
Canada long ago abolished the death penalty. However, many of us were abruptly reminded of our connection to the human rights of those in other countries when we learned last month of the execution of four Canadians in China this year.
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April 07, 2025
B.C. premier: Increase in softwood lumber duties will hurt forest workers, raise U.S. housing costs
B.C. premier David Eby has called planned increases in U.S. duties on Canadian softwood lumber an “attack on forest workers” that will also drive up housing costs for Americans.
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April 07, 2025
B.C. court certifies class action over public guardian’s failure to secure benefits for children in care
The B.C. Supreme Court has certified a class action against the province's Public Guardian and Trustee (PGT), alleging that it was negligent and breached its fiduciary duty to children in care by failing to obtain no-cost federal and provincial education benefits for them.
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April 07, 2025
Ontario unveils $11 billion tariff support program, NL launches seafood marketing initiative
The Ontario government has announced it will provide approximately $11 billion as part of a multi-pronged effort to support workers and businesses struggling with the impact of U.S. tariffs. Separately, Newfoundland and Labrador announced the launch of a new program to market seafood products affected by tariffs from the U.S. and China.
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April 07, 2025
FEDERAL INCOME TAX - Business and property income - Expenses - Legal fees
Application by applicants for permission to appeal a court order affirming a review officer’s decision on the legal fee for tax planning advice related to a business sale.
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April 04, 2025
New report finds businesses not succession ready as many owners retire
Canada is facing a wave of small business closures amid “economic uncertainty and tariff wars,” partly driven by the number of retiring baby boomer entrepreneurs, according to a new report by consulting firm MNP, which found that nearly two-thirds (64.1 per cent) of Canadian businesses have no succession plan.
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April 03, 2025
Alberta Court of Appeal rejects trust claims over airport fees held by insolvent airline
The Alberta Court of Appeal has ruled that airport improvement fees collected by a now-insolvent airline are not held in trust for certain airport authorities. The court cited a provision in the agreement between the parties that explicitly disclaimed any intention to create a trust relationship.