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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

Proposed Changes to Federal Voluntary Disclosure Program

July 2017

(Originally published at this link) Voluntary Disclosures On June 9, 2017, the Canada Revenue Agency (“CRA”) proposed significant changes to the federal voluntary disclosure program (“VDP”). The effect of the changes would be to reduce both the type of taxpayer eligible for the VDP and the extent of the relief offered. These proposed changes follow…

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2016 tax changes: VDP, PRE and More

December 2016

(Originally published at this link) Voluntary Disclosures The Canada Revenue Agency appears to have made a major change in the way it handles federal voluntary disclosure files. This could result in taxpayers being taxed on income earned in years prior to the ten year period for which most financial institutions are able to provide complete…

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ASG Presentation

November 2016

Recent Tax Developments Abstract : Recent Legislative Amendments and Proposals. Recent Cases of Interest. Gerbro (offshore funds); McGillivray (de facto control); Grad (trust residency). Update on Voluntary Disclosures & Panama Papers. Download the Presentation

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New Era in Estate Planning – Taxation of Trusts and Estates Post-2015

November 2015

The « NEW ERA IN ESTATE PLANNING – Taxation of Trusts and Estates Post-2015 » was presented at the STEP Canada (Montreal), in November 2015. Abstract ” New rules adopted in December 2014 and effective January 1, 2016 will affect all those involved in estate planning, whether as financial advisors, tax advisors, or will preparers,…

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New Era in Estate Planning

June 2015

The “New Era in Estate Planning” was presented at the JCF Professional Development Seminar, in June 2015. Abstract “Changes to the Taxation of Estates, Testamentary Trusts and Life Interest Trusts. New rules effective 2016 will affect all those involved in estate planning, whether as financial advisors, tax advisors, or will preparers, as well as those…

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Canada moves closer to automatic exchange of foreign bank information

June 2015

(Originally published at this link)   Canada moves closer to automatic exchange of foreign bank information Canada has moved one large step closer towards exchanging financial information automatically with member countries with its signature of the Organization for Economic Cooperation and Development’s (“OECD”) Multilateral Competent Authority Agreement on June 4, 2015. In doing so, Canada…

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