On March 28, 2023 (Budget Day), the Honourable Chrystia Freeland, Deputy Prime Minister of Canada and Minister of Finance, delivered the Liberal Party’s federal budget (Budget 2023).
Budget 2023 does not change the...more
3/29/2023
/ Alternative Minimum Tax ,
Employee-Ownership ,
Family Businesses ,
Federal Budget ,
GAAR ,
Income Tax Act ,
Mineral Exploration ,
OECD ,
Prime Minister ,
Repurchases ,
Tax Credits ,
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
The Supreme Court of Canada (SCC) recently rendered its eagerly awaited decision in Canada v Alta Energy Luxembourg S.A.R.L., 2021 SCC 49 (Alta Energy). Six of the nine justices held that the Canadian statutory general...more