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INSIGHT ARTICLE

Multi-millionaire pro athletes and cash-hungry startups - a good fit?

Ben Gibbons, partner, capital markets, offers his take on why professional athletes shouldn't play in the startup investment space.

TAX ALERT

CRA applies the small business deduction recharacterization rule

Associated corporations must pay attention to the income recharacterization rule when applying for the small business deduction.

TAX ALERT

CRA clarifies scope of ‘excluded shares’ exception for TOSI

Due to the difficulty around Tax on Split Income (TOSI) rules, taxpayers should do a careful analysis to determine if exclusions apply.

TAX ALERT

Foreign property - the latest on T1135 reporting

Taxpayers’ due diligence and compliance can be a mitigating factor when seeking relief from late filing penalties.

INSIGHT ARTICLE

Proposed changes to the tax treatment of stock options

The Budget may impact the tax treatment of employee stock options. For those paying child or spousal support, changes should be minimal.

TAX ALERT

Manitoba update: Retail Sales Tax reduction and transitional rules

Businesses with interests in Manitoba should take note of the RST rate reduction and transitional rules for taxable good and services.

TAX ALERT

Registered charities - Are your books and records in order?

Registered charities should do their due diligence in maintaining documentation to avoid having their donee status suspended.

TAX ALERT

FC emphasizes sparing use of tax remission orders in Internorth case

Remission orders as a means of tax debt relief only apply in extraordinary circumstances, as substantiated by the decision on a recent case.

TAX ALERT

Late filing of pre-acquisition surplus elections

The International Fiscal Association provides insight on CRA’s discretionary power to accept a late pre-acquisition surplus election.