The Department of Finance (Finance) released draft tax legislation for public consultation on August 4, 2023, with a stated focus on promoting tax fairness and a clean economy.
The most significant item released is the...more
8/17/2023
/ Business Transfer Agreements ,
Canada ,
Capital Gains ,
Clean Energy ,
Clean Tech ,
Collective Agreements ,
Corporate Counsel ,
Department of Finance ,
Digital Services Tax ,
Employee-Ownership ,
Family Businesses ,
Foreign Affiliates ,
GAAR ,
Income Tax Act ,
OECD ,
Proposed Legislation ,
Share Buybacks ,
Target Company ,
Tax Avoidance ,
Tax Credits ,
Tax Incentives ,
Trusts
“Equity has no place here,” held the Supreme Court of Canada in its 8-1 decision in Canada (Attorney General) v Collins Family Trust (Collins), 2022 SCC 26, on June 17. Reversing the decisions of the British Columbia courts...more
6/22/2022
/ Business Assets ,
Canada Revenue Agency (CRA) ,
Creditors ,
Dividends ,
Equity ,
Fair Market Value ,
Family Trusts ,
Holding Companies ,
Income Tax Act ,
Rescission ,
Supreme Court of Canada ,
Tax Liability ,
Tax Planning