On June 29, 2021, Bill C-208 was granted Royal Assent and became law in Canada. Bill C-208 amended the Income Tax Act (Canada) (the “Act”) to provide tax relief to families wishing to transfer shares of small business...more
On Monday, April 19, 2021, Canada’s Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the first official budget in the past two years, titled, Federal Budget 2021: A Recovery Plan for Jobs, Growth,...more
In the 2019 federal budget, the Canadian federal government announced changes to the taxation of employee stock options. On November 30, 2020, in its Fall Economic Statement, the federal government announced it was moving...more
Early morning on September 30, 2020, the House of Commons unanimously passed legislation authorizing new benefits for Canadian workers impacted by the COVID-19 pandemic. The federal government's latest COVID-19 legislation...more
Early morning on September 30, 2020, the House of Commons unanimously passed legislation authorizing new benefits for Canadian workers impacted by the COVID-19 pandemic. The federal government's latest COVID-19 legislation...more
On April 24, 2020, The Canadian Federal Government provided some details about the new Canada Emergency Commercial Rent Assistance program (CECRA) for small businesses and commercial landlords. The CECRA was announced on...more
On April 7, 2020, the Ontario government made an order under the Emergency Management and Civil Protection Act which temporarily amends the provincial legislation governing the execution of wills and powers of attorney. The...more
Is an Estate Freeze the right tax move? In the midst of COVID-19 and the surrounding economic uncertainty, Canadians have found themselves significantly impacted. ...more
Please Note: These materials do not constitute legal or medical advice. Government initiatives, announcements, and regulations in response to the COVID-19 situation continue to evolve and change frequently. What are the...more
4/13/2020
/ Canada ,
Coronavirus/COVID-19 ,
Disability ,
Estate Planning ,
Fraud ,
Health and Safety ,
Mortgages ,
Public Pension ,
Relief Measures ,
Rent ,
Wills
The Government of Canada has announced measures to support Canadians and Canadian businesses from the economic impacts of COVID-19. Measures include tax filing/tax dispute deadline extensions, as well as economic support...more
1. OVERVIEW - The impact of COVID-19 is changing at a rapid pace. The outbreak of the 2019 Novel Coronavirus disease (“COVID-19”) which originated in Wuhan, China, has rapidly spread throughout the world, including Canada...more