British Columbia recently announced that it intends to pass provincial legislation that imposes a home flipping tax (the “Tax”) in an effort to increase and support the province’s housing supply.
When … Read More
The federal government recently provided additional information on the Clean Hydrogen Investment Tax Credit (the Clean Hydrogen ITC) that will refund up to 40% of investments in energy projects that … Read More
At its core, a trust is a legal arrangement wherein a person, known as the settlor, transfers assets to one or more trustees, who manage those assets in accordance with … Read More
On November 22, 2023, the British Columbia government announced a potential expansion of the application of the Speculation and Vacancy Tax Act (British Columbia) (the “Act”). If implemented, 13 additional … Read More
The Canada Revenue Agency (CRA) has introduced a new administrative policy for determining a remote employee’s province of employment for payroll purposes (the New Policy).
New primary and secondary indicators are … Read More
The Tax Court of Canada’s decision in Gaudreau v The King, 2023 CCI 115 (Gaudreau) and recent changes to the Income Tax Act (the Act) highlight the importance of solicitor-client … Read More
In the recent decision of Deans Knight Income Corp v Canada, 2023 SCC 16 [Deans Knight], the Supreme Court of Canada gave an expansive interpretation respecting GAAR. The decision shows … Read More
Authors: Caitlin Madden, summer student-at-law, and Desiree Katz
Payments to non-residents for services rendered in Canada can have major tax implications for both the payor and the service provider. In particular, … Read More
This article was prepared with the assistance of summer law student Brooke Healey.
Documenting your intentions in a tax plan is crucial if you ever pursue rectification as an equitable remedy, … Read More
The Canada Revenue Agency ("CRA") increased its prescribed rates of interest for the third quarter by 60% over Q3 2022 levels after inflation reached heights not seen in decades.
Throughout 2022, … Read More