Finance Defers Implementation of Proposed Capital Gain Inclusion Rate Changes
On Friday, in the face of mounting pressure – including a court application launched by Thorsteinssons LLP – the Department of Finance (Finance) announced that the implementation date for the proposed...
View ArticleComprehensive Court Challenge to Proposed CRA Enforcement of Capital Gains...
Yesterday, Thorsteinssons LLP (Canada’s largest tax law firm) launched a comprehensive challenge in Federal Court to the Canada Revenue Agency’s proposed enforcement of the capital gains tax hike. Led...
View ArticleQuick Update – New EIFEL Regime
Context: As part of the avalanche of new draft legislation, the Department of Finance has released revised excessive interest and financing expenses limitation (EIFEL) rules. The attached Excel is a...
View Article2021 Federal Budget – A Critical Analysis and Overview of the Principal...
Authors: Alexander Demner, Tyler Berg, and Gloria Wang The federal government released its 2021 budget on April 19, 2021. Coming in as the longest budget in Canadian history, Budget 2021 proposes a...
View ArticleCOVID-19 Tax Update: CRA administrative relief regarding residency and...
On May 19, 2020 the CRA published administrative relief (found here) for taxpayers who might otherwise be facing Canadian tax residency or cross-border issues as a result of travel restrictions imposed...
View ArticleFederal Court of Appeal Releases its decision in Univar Holdco Canada ULC. v....
On October 13, 2017, the Federal Court of Appeal released its decision in Univar Holdco Canada ULC. v. H.M.Q. 2017 FCA 207 (“Univar”), overturning the trial decision at the Tax Court of Canada (2016...
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