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?
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 publicationRead more
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 PresentationRead more
Proposed Changes to Tax Planning
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.…Read more
Proposed Changes to Federal Voluntary Disclosure Program
(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…Read more
2016 tax changes: VDP, PRE and More
(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…Read more
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 PresentationRead more
New Era in Estate Planning – Taxation of Trusts and Estates Post-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,…Read more