Tax
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October 18, 2024
Ottawa announces surtax reimbursement program for some Canadian businesses
The federal government has announced it will reimburse some Canadian businesses for the additional surtaxes it is charging on electric vehicles (EVs) and steel and aluminum imported from China.
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October 17, 2024
Business organizations call on federal government to scrap capital gains tax increase
The Canadian Federation of Independent Business (CFIB), along with 20 other industry organizations, is calling on the federal government to scrap the upcoming increase to the capital gains inclusion rate and to make the Canadian Entrepreneurs’ Incentive available to business owners in all sectors.
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October 15, 2024
Canada lists Samidoun as terrorist entity under Criminal Code
In concert with the United States, which describes Samidoun as “a sham charity that serves as an international fundraiser for the Popular Front for the Liberation of Palestine (PFLP) terrorist organization,” Canada has listed the Palestinian Prisoner Solidarity Network (a.k.a. Samidoun) as a terrorist entity under the Criminal Code.
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October 15, 2024
OSFI: Pension plan solvency ratios, share of fully funded pension plans up in 2023-24
The share of underfunded pension plans in Canada at the end of 2023 fell to 11 per cent from 17 per cent in 2022 as the average solvency position of pension plans improved for a third consecutive year, according to the annual report of the Office of the Superintendent of Financial Institutions (OSFI).
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October 11, 2024
The four-minute inch | Marcel Strigberger
As Benjamin Franklin said, “In this world, nothing can be certain except, death, taxes and snails.” Ok, maybe he did not mention snails. But these slugs might just be a way to avoid taxes. To wit.
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October 11, 2024
Ottawa introduces legislation to create commissioner for modern treaty implementation
The federal government has announced the introduction of legislation aimed at creating a new commissioner for modern treaty implementation to oversee self-government agreements between Ottawa and First Nations.
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October 10, 2024
OSC proposes enhancing retail investors’ access to long-term illiquid assets
The Ontario Securities Commission (OSC) is seeking public comment on a proposal to permit retail investors to gain exposure to long-term illiquid assets through a new investment fund category.
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October 10, 2024
Treatment of trusts in equalization claims
Calculation of an equalization claim under the Family Law Act first requires the value of an individual spouse’s Net Family Property (NFP). Where a spouse is a beneficiary of a trust, there are two key questions to consider while calculating NFP:
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October 09, 2024
Taxpayers’ ombudsperson reports that complaints, inquiries surged as CRA resumed collection activities
The Office of the Taxpayers’ Ombudsperson (OTO) saw a 29 per cent increase in complaints and a 62 per cent increase in inquiries in 2023-24 as the Canada Revenue Agency (CRA) resumed collection activities that were put on hold during the COVID-19 pandemic.
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October 09, 2024
Personal injury lawyers ask SCC not to make it harder for clients to sue foreign defendants
When can people injured abroad sue in Canadian courts? Does the presumption of innocence apply in non-criminal settings? When a miscarriage of justice occurs, what is the scope of an appeal court’s power to acquit when setting aside a guilty plea? These are some of the questions raised by appeals slated for the Supreme Court of Canada’s new fall session as counsel began making their arguments this week in a court building with stepped-up exterior security features, such as an imposing barricade of large cement planters.