Real Estate
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June 21, 2024
Ontario Court overturns finding that company directors were personally liable in property dispute
The Ontario Court of Appeal has overturned a finding that the directors of two companies were personally liable for the proceeds of the sale of a property that was the subject of a joint venture dispute.
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June 21, 2024
Tax implications of Canadians selling U.S. property under Foreign Investment in Real Property Act
The real estate market is heating up again in some areas of the United States, and Canadians may be interested in selling, particularly in time for changes in the capital gains rates in Canada. There are tax consequences for doing this, which need to be understood. We will assume in our examples that the individual is a Canadian tax resident and all dollars are at par.
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June 21, 2024
National Indigenous Peoples Day: ‘For some reason, I don’t feel lucky’ | Tony Stevenson
Today has been declared National Indigenous Peoples Day. We recognize and celebrate the history, heritage, resilience and diversity of First Nations, Inuit and Métis across Canada. Every year, numerous activities are organized across the country on June 21 to showcase the richness and diversity of First Nations, Inuit and Métis cultural expressions and stories. This holiday was given to my people in 1996 by the then-governor general Romeo Leblanc.
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June 20, 2024
Ottawa lists Iran’s Islamic Revolutionary Guard Corps as a terrorist entity in Criminal Code
The Government of Canada listed the Islamic Revolutionary Guard Corps (IRGC) of Iran as a terrorist entity under the Criminal Code, effective June 19, 2024.
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June 20, 2024
Preparing for the capital gains tax hike
In its 2024 budget, the federal government proposed to increase the capital gains inclusion rate from one-half to two-thirds for corporations, trusts and individuals with annual capital gains in excess of $250,000. This caught a lot of people off guard, and now Canadians are scrambling for financial advice on the best way to handle this increase.
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June 17, 2024
Canadian counsel involvement in arbitration cases increasing, says first-of-its-kind report
On Canada’s commercial arbitration landscape, most professionals working in the field are lawyers and nearly half of them also run a litigation practice, according to the recently released results of the first survey of Canadian arbitration practitioners.
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June 17, 2024
New partner joins Dentons Calgary
A new partner has joined the Calgary office of Dentons, a news release from the firm announced recently. The addition of Mark Ricketts helps to expand the firm’s banking and finance group, and he is also a part of the firm’s real estate group.
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June 14, 2024
Wide-ranging IMF report recommends improvements to Canadian fiscal, tax policies
The International Monetary Fund (IMF) has released new findings following its annual analysis of Canadian fiscal policies, noting various issues that could be improved in areas such as housing affordability and climate policy and suggesting changes to tax regimes.
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June 14, 2024
Judge denies request for environmental assessment of planned Ontario Place development
A judge has rebuffed attempts by a group of citizens challenging the redevelopment of Ontario Place, denying its request for an order requiring the province to do an environmental assessment of a section of the property where a private spa is scheduled to be built.
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June 14, 2024
Do ‘belt and suspenders’ work? Claiming alternative relief in a builders lien claim
A contractor or subcontractor who performs or works or supplies materials to an improvement in B.C. is entitled to a builders lien for the price of the work and materials supplied to the extent the same remains unpaid.