Tax
-
June 10, 2024
CBA urges delay in capital gains tax increase as government introduces legislation
The federal government is sticking to its June 25 timeline for increasing the capital gains tax inclusion rate, going against a recommendation from the Canadian Bar Association (CBA) and Chartered Professional Accountants of Canada (CPA Canada) to delay implementation to the beginning of next year.
-
June 07, 2024
New innovator-in-residence at Ontario Bar Association
The Ontario Bar Association (OBA) announced in a June 5 news release that it had appointed Colin Lachance as the innovator-in-residence for the 2024-25 year.
-
June 07, 2024
SCC rules on interplay of informer privilege & open courts in so-called secret trial case
The Supreme Court of Canada says no “secret” trial occurred during the in-camera prosecution of a confidential police informer in Quebec, but it has ordered 9-0 that a redacted trial judgment should be made public, which contains no information that might identify the police informer in breach of what the top court has previously described as the “extremely broad and powerful” informer privilege.
-
June 05, 2024
Multiple executors and trustees: pros and cons
First, an explanation of some estate law nomenclature. An executor is the person appointed to carry out the provisions in a will, including distribution of the estate. A trustee is the person appointed in a will (in the case of testamentary trusts) or other trust document (i.e., an inter vivos trust) to administer a trust for the benefit of other persons.
-
June 04, 2024
Canada to provide automatic permanent residence to foreign nationals arriving under caregiver programs
Ottawa says it will roll out two new pilot programs later this month that will offer home-care workers from abroad permanent residence on their arrival in Canada.
-
June 04, 2024
Hodgson Russ celebrates 35 years in Canada
U.S. firm Hodgson Russ is celebrating its 35th Canadian anniversary, a news release from the firm announced.
-
June 03, 2024
SCC’s Wagner urges vigilance, strong defence against false information, justice system attacks
Canada’s top judge says elected officials should not attack the justice system or the judiciary, based on false information that could shake public confidence.
-
June 03, 2024
Home-flipping tax proposed in British Columbia
The B.C. government plans to introduce a 20 per cent tax on income earned from the sale of a residential property within 730 days of acquisition (the Flipping Tax). The tax, announced in the 2024 budget and subject to legislative approval, will be imposed under the Residential Property (Short-Term Holding) Profit Tax Act. It is scheduled to take effect Jan. 1, 2025 and will be retroactive to the 2023-24 tax year.
-
June 03, 2024
COMMUNITIES AND GOVERNANCE — Self-governance — Councils — Powers — Taxation
Appeal by appellants from conclusion of chambers judge that policies adopted by Metis Settlements General Council (Council) represented reasonable exercise of Council's delegated authority under Metis Settlements Act (MSA) and were therefore lawful.
-
June 03, 2024
Bill C-71 depreciates Canadian citizenship | Sergio R. Karas
On May 23, 2024, Immigration Minister Marc Miller introduced Bill C-71, An Act to Amend the Citizenship Act (2024), in Canada’s Parliament. This bill aims to extend citizenship by descent beyond the first generation, allowing children of Canadian citizens born abroad to pass their citizenship on to their children. Further, Bill C-71 seeks to restore citizenship to “Lost Canadians” — individuals who lost or never acquired Canadian citizenship due to changes in the legislation.