Taxation Insights

Image for Significant Proposed Changes to Tax Planning Using Private Corporations

Significant Proposed Changes to Tax Planning Using Private Corporations

Authors: Lane Zabolotney, John Agioritis

Published: July 19, 2017

Categories: Taxation

On July 18, 2017, the federal Department of Finance (“Finance”) announced plans to eliminate a variety of tax planning opportunities involving the use of private corporations. The proposed changes are…

Image for Proposed Amendments to the Voluntary Disclosure Program

Proposed Amendments to the Voluntary Disclosure Program

Authors: Lesley Akst, Lane Zabolotney

Published: July 12, 2017

Categories: Taxation

On June 9, 2017, Canada Revenue Agency (“CRA”) released draft Information Circular IC00-1R6 concerning proposed amendments to the Voluntary Disclosure Program (“VDP”). The proposed amendments follow recommendations of the Offshore…

Image for Business Succession: 5 Strategies for Buy/Sell Agreements

Business Succession: 5 Strategies for Buy/Sell Agreements

Authors: Lane Zabolotney, Garnet Matsuba

Published: June 16, 2017

Categories: Estates Law, Taxation

It is vital for shareholders of small corporations to plan in advance what will happen to their shares in the event of an unexpected death. Often, this is done by…

Image for What to do When the Auditor Comes Knocking

What to do When the Auditor Comes Knocking

Author: Anna Solmundson

Published: June 15, 2017

Categories: Owner-Operated Enterprises, Taxation

With another personal tax season behind us, millions of Canadian taxpayers have filed their tax returns with Canada Revenue Agency (CRA). Most returns will be accepted without issue, but for…

Image for PST Payable on Saskatchewan Construction Contracts Starting April 1

PST Payable on Saskatchewan Construction Contracts Starting April 1

Author: Braden Marianchuk

Published: March 23, 2017

Categories: Construction, Taxation

Yesterday, the Saskatchewan government released its 2017-2018 provincial budget which set out a number of changes relating to Provincial Sales Tax (PST), including an increase in the PST rate (from…

Image for An Assessor’s Duty to be Fair

An Assessor’s Duty to be Fair

Author: James Mercury

Published: January 20, 2017

Categories: Commercial Litigation, Municipal, Tax Litigation & Tax Dispute Resolution, Taxation

It’s been said that the oldest rule of administrative law is to give a citizen notice of an alleged transgression or failing before penalizing him because of it. This is…

Image for Case Comment: Bell v The Queen (2016 TCC 175)

Case Comment: Bell v The Queen (2016 TCC 175)

Authors: Drew Lafond, Garnet Matsuba

Published: November 23, 2016

Categories: Aboriginal, Taxation

This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP. In Bell v The Queen (2016 TCC 175), the Tax Court…

Image for A Potential New Standard of Review in Municipal Tax Assessment Appeals

A Potential New Standard of Review in Municipal Tax Assessment Appeals

Authors: Len Andrychuk, Q.C., Katelyn Sheehan

Published: November 16, 2016

Categories: Taxation

This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP. The Supreme Court of Canada recently came out with a decision…

Image for Deductions for Legal Expenses Related to Objections and Appeals Against Tax Assessments Cannot Be Carried Forward or Back

Deductions for Legal Expenses Related to Objections and Appeals Against Tax Assessments Cannot Be Carried Forward or Back

Authors: Justin Wood, Kurt Wintermute

Published: October 19, 2016

Categories: Taxation

This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP. There is an important distinction between the deduction provisions of subsection…

Image for The New Alberta Investor Tax Credit (AITC): A Boost For Alberta’s Technology Sector

The New Alberta Investor Tax Credit (AITC): A Boost For Alberta’s Technology Sector

Author: Kristal Allen

Published: October 6, 2016

Categories: Corporate Finance & Securities, Information Technology (IT), Taxation

This post was written prior to our January 2017 merger, under our previous firm name, MacPherson Leslie & Tyerman LLP. Access to capital has long been a significant issue for many…