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
The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022, include draft amendments to the Income Tax...more
8/24/2022
/ Canada ,
Department of Finance ,
Disclosure Requirements ,
Financial Institutions ,
Foreign Subsidiaries ,
GAAR ,
Income Tax Act ,
Internal Revenue Code (IRC) ,
Net Investment Income ,
OECD ,
Partnerships ,
Privately Held Corporations ,
Shareholders ,
Withholding Tax
On April 7, 2022 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2022), the second budget since the start of the...more
4/8/2022
/ Business Transfer Agreements ,
Canada ,
Capital Gains Tax ,
Carbon Capture and Sequestration ,
Coronavirus/COVID-19 ,
Corporate Taxes ,
Department of Finance ,
Disclosure Requirements ,
Federal Budget ,
FHSA ,
Financial Institutions ,
First Time Homebuyers ,
GAAR ,
Income Tax Act ,
Justin Trudeau ,
Lenders ,
Mineral Exploration ,
Popular ,
Prime Minister ,
Proposed Amendments ,
Public Charities ,
Small Business ,
Tax Avoidance ,
Tax Incentives ,
Withholding Tax