Corporate Taxes, Canada, Canada Revenue Agency (CRA)

Tax Planning Misstep? Ontario Court of Appeal Says No to Rectification

Dickinson Wright on 8/1/2025

A recent decision from the Ontario Court of Appeal is a good reminder that courts won’t bail you out just because a tax plan didn’t go as expected. In Pyxis Real Estate Equities Inc. v. Canada, 2025 ONCA 65, the Court made it...more

Turning Losses Into Gains: Private Equity Tax Strategies With Distressed Businesses

Bennett Jones LLP on 4/1/2025

Private equity (PE) firms play a critical role in revitalizing struggling businesses by providing, among other things, financial support and operational expertise. PE transactions are often driven by a combination of...more

Enhanced Reportable Transaction Rules Take Effect

Bennett Jones LLP on 6/28/2023

With the enactment of Bill C-47 on June 22, 2023, Canada's enhanced mandatory disclosure rules are now fully in effect. These rules, which were first announced in the 2021 Canadian federal budget...more

International Tax Treaty: Canada

Freeman Law on 11/6/2020

Quick Summary. In 1867, the United Kingdom passed a Parliamentary act establishing what is now known as Canada. Today, Canada, the largest country in the Western Hemisphere, is a federation of ten provinces and three...more

COVID-19 Tax Updates from the Alberta Government and the CRA

Bennett Jones LLP on 3/23/2020

Since March 18, 2020, the following updates have been released by the Government of Alberta and the Canada Revenue Agency (CRA) regarding their respective economic relief plans to help mitigate the effects of the COVID-19...more

Significant Change In CRA Policy Harms Canadian Investors In US LLPs And LLLPs

Dickinson Wright on 11/14/2016

Earlier this year the Canada Revenue Agency (“CRA”) announced its new administrative position that limited liability partnerships (“LLPs”) and limited liability limited partnerships (“LLLPs”) formed under the laws of Delaware...more