On January 6, 2025, Prime Minister Justin Trudeau announced his resignation as prime minister and the prorogation of Parliament until March 24, 2025. At the federal level, prorogation is an act by the Governor General,...more
On November 21, 2023, the Canadian Department of Finance (“Finance”) released its 2023 Fall Economic Statement (“FES 2023”). The focus of FES 2023 was on affordability measures, particularly with respect to housing. New...more
11/27/2023
/ Canada ,
Capital Gains ,
Clean Energy ,
Consumer Financial Products ,
Department of Finance ,
Digital Services Tax ,
Employee Share Schemes ,
Financial Institutions ,
Financial Services Industry ,
Investment Tax Credits ,
Loans ,
Pensions ,
Share Transfer ,
Tax Rates
On August 4, 2023, the Department of Finance released a revised version of its proposed 2% equity buyback tax (“Buyback Tax”) that will apply to relevant transactions that occur on or after January 1, 2024....more
11/9/2023
/ Canada ,
Capital Markets ,
Equity ,
Income Tax Act ,
Proposed Regulation ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Securities Regulation ,
Securities Transactions ,
Share Buybacks ,
Tax Liability
On August 4, 2023, the Department of Finance released an updated version of the draft legislation that will incorporate the excessive interest and financing expense limitation rules (“EIFEL Rules”) into the Income Tax...more
The past week was a busy one for Canada’s Department of Finance (“Finance”). On November 3, 2022, Finance released its 2022 Fall Economic Statement (the “Fall Economic Statement”) and the following day, it introduced Bill...more
11/8/2022
/ Canada ,
Clean Tech ,
Digital Platforms ,
Federal Budget ,
International Tax Issues ,
Investment Tax Credits ,
OECD ,
Reporting Requirements ,
Share Buybacks ,
Tax Credits ,
Tax Reform