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Recent Publications

The material contained in our publications is necessarily of a general nature and cannot be regarded as legal advice.

Members of our firm have recently published articles or delivered presentations on the following topics:

CRA Set To Increase The Prescribed Interest Rate – Is Now The Time To Implement A Family Income Splitting Strategy?

May 2022

On July 1, 2022, the Canada Revenue Agency will be doubling the “prescribed rate” from one to two percent for the first time since 2020. As a result, now may be the time to consider whether a prescribed rate loan is an appropriate income splitting strategy for your situation. Download the publication

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Archive

New Obligations for Legal Entities

January 2024

About the new obligations for corporate transparency On June 3rd, 2021, the Québec Government enacted Bill 78, An Act mainly to improve the transparency of enterprises (the “Act“), with the objective of providing better protection to the public by contributing to the prevention and fight against tax evasion, money laundering and corruption. The Act will come…

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New Trust Reporting Rules

January 2024

On November 4, 2022, the Department of Finance announced that implementation of the new trust reporting rules – initially announced in the 2018 federal budget – will be delayed until 2023. Under the current rules, a trust is generally only required to file an annual income tax (T3) return if the trust has tax payable…

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New Proposed Restrictions on Interest Deductibility – Implementation Delayed –

January 2024

On February 4, 2022, the Department of Finance proposed important changes that will affect the amount of interest and financing expenses deductible by certain taxpayers. These new restrictions are known as the Excessive Interest and Financing Expenses Limitation (“EIFEL”) regime. Overview In general terms, the new EIFEL rules will limit the amount of net interest…

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CRA Set To Increase The Prescribed Interest Rate – Is Now The Time To Implement A Family Income Splitting Strategy?

May 2022

On July 1, 2022, the Canada Revenue Agency will be doubling the “prescribed rate” from one to two percent for the first time since 2020. As a result, now may be the time to consider whether a prescribed rate loan is an appropriate income splitting strategy for your situation. Download the publication

Read more

ASG Presentation

October 2017

Recent Legislative Amendments and Proposals. Update on Voluntary Disclosures in Canada and the U.S. Recent Cases of Interest. Recent Administrative Developments. Evolving Area of Interest – Airbnb. Download the Presentation

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Proposed Changes to Tax Planning

September 2017

On July 18, 2017, the Department of Finance proposed important changes that will affect tax planning opportunities available to taxpayers who organize their affairs using private corporations. This development follows on concerns raised in the March, 2017 federal budget that private corporations were being used by shareholders to avoid paying their fair share of tax.…

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