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 ,
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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
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 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