Tax
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June 25, 2024
Canada sanctions Hamas ‘financiers’ in response to Hamas’s Oct. 7 terror attacks in Israel
Declaring “we stand with the Israeli people and call for the immediate release of all hostages,” Foreign Affairs Minister Mélanie Joly announced dealings and entry bans of nine “financiers” of Hamas and Palestinian Islamic Jihad and two Hamas-affiliated financial exchange companies, “effective immediately.”
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June 24, 2024
Liberal government’s ‘intransigence’ and undue secrecy spurs litigation: information commissioner
A recent ruling from the Federal Court affirming a disclosure-of-government records order by Canada’s Information Commissioner illustrates the growth in litigation highlighted by the commissioner's 2023-24 annual report to Parliament, a litigation trend she says is fuelled by the Trudeau government’s court challenges and flouting of her legally binding orders.
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June 24, 2024
Kent Davidson named Chief Justice of Alberta Court of King’s Bench
Prime Minister Justin Trudeau has appointed a new chief justice for Alberta’s Court of King’s Bench, replacing Mary Moreau who was elevated to the Supreme Court last year.
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June 21, 2024
Public school boards are bound by Charter; tribunals’ Charter rulings reviewed for correctness: SCC
In an important Charter and standard of review case, the Supreme Court of Canada has ruled that labour arbitrators and other administrative tribunals “should play a primary role” in deciding Charter issues within their bailiwicks — which Charter determinations courts should review on a “correctness” rather than “reasonableness” standard — and that the Charter applies to Ontario public school boards, thereby protecting board employees’ reasonable expectations of privacy in their workplaces and shielding employees from unreasonable search or seizure by their employers.
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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 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
Inheriting assets: Balancing wealth and family dynamics
A recent legal decision surrounding the death of the founder of the prominent Onni Group, DeCotiis v. DeCotiis Estate, 2023 BCSC 2163, highlighted how important it is for families to use diverse planning strategies to safeguard assets and to keep out of expensive legal disputes.
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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 19, 2024
Feds release draft vaping taxation framework, legislative review results
The federal Department of Finance has released draft regulations that would enable Alberta, Manitoba, New Brunswick, Yukon and Prince Edward Island to participate in a co-ordinated vaping taxation framework that calls for a 12 per cent increase to vaping excise duties, announced in Budget 2024. As well, it announced its findings from the Tobacco and Vaping Products Act legislative review.
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June 18, 2024
More Russians sanctioned for complicity in Putin regime’s responsibility for death of Alexei Navalny
Ottawa has sanctioned 13 additional senior officials and high-ranking employees of Russia’s investigation agency, penitentiary service and police force, who Global Affairs Canada says “were involved in the ill-treatment and death” of Alexei Navalny, the Russian opposition leader who survived the Putin regime’s attempt to fatally poison him in 2020, only to die this year in a Russian prison.